143. The value of any benefit to which a member or a beneficiary becomes entitled under a pension plan and which corresponds to the following amounts must be paid in full:
(1) additional voluntary contributions credited to the member’s account, with accrued interest;
(2) member or employer contributions paid in respect of a member under terms in a defined benefit plan that are identical to those of a defined contribution plan, with accrued interest; and
(3) amounts credited to a member’s account following a transfer, even a transfer other than a transfer under Chapter VII, with accrued interest.
The benefit provided for in section 67.5, the one provided for in section 69.1 and the periodic amounts payable as pension benefits must also be paid in full.
The value of any other benefit may be paid out of the pension fund only in proportion to the degree of solvency of the plan, up to 100%, applicable on the date on which the value of the member’s benefits are established. A pension plan may however provide that the 100% limit does not apply or establish a limit of more than 100%. The degree of solvency of the plan applicable on the date referred to in the third paragraph is the one established in the last actuarial valuation for which the report was sent to Retraite Québec before that date, or the one established in the notice prescribed by section 119.1 sent to Retraite Québec before that date, if that notice is more recent.
1989, c. 38, s. 143; 2006, c. 42, s. 11; 2008, c. 21, s. 33; 2015, c. 20, s. 61; 2015, c. 29, s. 25; 2018, c. 2, s. 10711.