R-15.1 - Supplemental Pension Plans Act

Section 116 Disposition versions

2010-01-01

116. This chapter does not apply

(1)  to an insured pension plan in respect of which the insurer has undertaken to pay all costs and satisfy all rights arising from the termination of the plan;

(2)  to an uninsured pension plan under which the benefits to which the members and beneficiaries are entitled derive only and at all times from amounts credited to them; or

(3)  to an uninsured pension plan under which the benefits to which the members and beneficiaries are entitled are either pension benefits and refunds that are insured at all times or benefits described in paragraph 2.

1989, c. 38, s. 116; 2000, c. 41, s. 76; 2006, c. 42, s. 11.

2001-01-01

116. This chapter does not apply

(1)  to an insured pension plan in respect of which the insurer has undertaken to pay all costs and satisfy all rights arising from the termination of the plan;

(2)  to an uninsured pension plan under which the benefits to which the members and beneficiaries are entitled derive only and at all times from amounts credited to them; or

(3)  to an uninsured pension plan under which the benefits to which the members and beneficiaries are entitled are either pension benefits and refunds that are insured at all times or benefits described in paragraph 2.

1989, c. 38, s. 116; 2000, c. 41, s. 76.

1990-01-01

116. This chapter does not apply to insured pension plans.

Moreover, this chapter does not apply to defined contribution pension plans in which the employer’s financial obligations are limited to the share of the current service contribution, with interest, if any, that he is required to pay as service is credited to the members under the plan.

1989, c. 38, s. 116.