R-15.1 - Supplemental Pension Plans Act

Section 200 Disposition versions

2020-12-11

200. Before applying for the registration of an amendment allowing for the withdrawal of an employer from a multi-employer pension plan, the pension committee shall, in addition to informing the members as required by section 26, send to every member and beneficiary affected by the withdrawal a notice informing them

(1)  of the most recent degree of solvency as referred to in the fourth paragraph of section 143 that is applicable to the plan;

(2)  of the effect of full payment of benefits under the plan, particularly as concerns the application of the plan provisions required under subparagraph 16 of the second paragraph of section 14 and, if applicable, section 240.2;

(3)  that the benefits of non-active members and beneficiaries affected by the withdrawal and whose pension is in payment at the date of withdrawal will be paid by means of a pension paid, as prescribed by regulation, by an insurer selected by the pension committee; and

(4)  that the benefits of members and beneficiaries affected by the withdrawal, other than those to whom paragraph 3 applies, will be paid by means of a transfer under section 98, which applies with the necessary modifications, or, as applicable, by means of the payment in a lump sum or the transfer into a registered retirement savings plan of the portion of their accrued benefits that is refundable.

1989, c. 38, s. 200; 1992, c. 60, s. 17; 2000, c. 41, s. 114; 2015, c. 29, s. 47; 2015, c. 20, s. 61; 2020, c. 30, s. 71.

2016-01-01

200. Before applying for the registration of an amendment allowing for the withdrawal of an employer from a multi-employer pension plan, the pension committee shall, in addition to informing the members as required by section 26, send to every member and beneficiary affected by the withdrawal a notice informing them

(1)  of the degree of solvency of the plan as established in the last actuarial valuation or, if more recent, in the notice sent to Retraite Québec under section 119.1;

(2)  of the effect of full payment of benefits under the plan, particularly as concerns the application of the plan provisions required under subparagraph 16 of the second paragraph of section 14 and, if applicable, section 240.2;

(3)  that the benefits of non-active members and beneficiaries affected by the withdrawal and whose pension is in payment at the date of withdrawal will be paid by means of a pension paid, as prescribed by regulation, by an insurer selected by the pension committee; and

(4)  that the benefits of members and beneficiaries affected by the withdrawal, other than those to whom paragraph 3 applies, will be paid by means of a transfer under section 98, which applies with the necessary modifications, or, as applicable, by means of the payment in a lump sum or the transfer into a registered retirement savings plan of the portion of their accrued benefits that is refundable.

1989, c. 38, s. 200; 1992, c. 60, s. 17; 2000, c. 41, s. 114; 2015, c. 29, s. 47; 2015, c. 20, s. 61.

2001-01-01

200. Before applying for the registration of an amendment allowing for the withdrawal of an employer from a multi-employer pension plan, the pension committee shall, in addition to informing the members as required by section 26, send to every member and beneficiary affected by the withdrawal a notice informing them

(1)  of the degree of solvency of the plan as established in the last actuarial valuation;

(2)  of the effect of full payment of benefits under the plan, particularly as concerns the application of the second paragraph of section 230.1 and section 240.2;

(3)  of the right of non-active members and beneficiaries affected by the withdrawal whose pension is in payment at the date of withdrawal to request, within the following 30 days, that payment of the pension be henceforth assumed by an insurer selected by the pension committee, according to the conditions prescribed by regulation, and that their rights under the plan be thus satisfied; and

(4)  of the option available to members and beneficiaries affected by the withdrawal, other than those to whom paragraph 3 applies, to elect either not to require payment in full of their benefits under the plan or to require payment in full by means of a transfer under section 98, which applies with the necessary modifications, or, where applicable, by means of the payment in a lump sum or the transfer into a registered retirement savings plan of the portion of their accrued benefits that is refundable.

1989, c. 38, s. 200; 1992, c. 60, s. 17; 2000, c. 41, s. 114.

1993-01-01

200. Every decision of the Régie relating to a notice of termination or terminating a pension plan shall indicate whether the termination is total or partial, the members who are affected and the date on which the termination is to become effective; in the case of a contributory plan, the effective date shall not be prior to the date on which member contributions ceased to be collected.

Where it relates to the partial termination of a plan, the decision of the Régie may indicate that the members who subsequently cease to be active shall also be affected by the termination, to the extent that the terminations in question are based on similar circumstances, such as those mentioned in section 165.1.

1989, c. 38, s. 200; 1992, c. 60, s. 17.

1990-01-01

200. Every decision of the Régie relating to a notice of termination or terminating a pension plan shall indicate whether the termination is total or partial, the members who are affected and the date on which the termination is to become effective; in the case of a non-contributory plan, the effective date shall not be later than the date of the decision and, in the case of a contributory plan, not prior to the date on which member contributions ceased to be collected and not later than the date of the decision of the Régie.

1989, c. 38, s. 200.