R-15.1 - Supplemental Pension Plans Act

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203. Retraite Québec may not authorize the amendment of a multi-employer pension plan to allow for the withdrawal of an employer, unless
(1)  the report or, as the case may be, the notice and declaration sent to Retraite Québec pursuant to section 202 are in conformity with this Act; and
(2)  the pension committee attests that the contributions referred to in the first paragraph of section 202, including interest, have been paid into the pension fund or to the insurer or will not likely be recovered, despite the pension committee’s demands, by reason of the bankruptcy or insolvency of the employer.
1989, c. 38, s. 203; 1992, c. 60, s. 19; 1997, c. 43, s. 655; 2000, c. 41, s. 114; 2015, c. 20, s. 61; 2018, c. 22018, c. 2, s. 119.
203. Retraite Québec may not authorize the amendment of a multi-employer pension plan to allow for the withdrawal of an employer, unless
(1)  the report or, as the case may be, the notice and declaration sent to Retraite Québec pursuant to section 202 are in conformity with this Act; and
(2)  the pension committee attests that the contributions referred to in the first paragraph of section 202 have been paid into the pension fund or to the insurer or will not likely be recovered, despite the pension committee’s demands, by reason of the bankruptcy or insolvency of the employer.
1989, c. 38, s. 203; 1992, c. 60, s. 19; 1997, c. 43, s. 655; 2000, c. 41, s. 114; 2015, c. 20, s. 61.
203. The Régie may not authorize the amendment of a multi-employer pension plan to allow for the withdrawal of an employer, unless
(1)  the report or, as the case may be, the notice and declaration sent to the Régie pursuant to section 202 are in conformity with this Act; and
(2)  the pension committee attests that the contributions referred to in the first paragraph of section 202 have been paid into the pension fund or to the insurer or will not likely be recovered, despite the pension committee’s demands, by reason of the bankruptcy or insolvency of the employer.
1989, c. 38, s. 203; 1992, c. 60, s. 19; 1997, c. 43, s. 655; 2000, c. 41, s. 114.
203. Within 60 days after receipt of the notice of conformity, the pension committee shall transmit to each member or beneficiary affected a statement setting out his benefits and their value as established in the draft termination report, accompanied with the following information:
(1)  the methods of payment of the benefits, including the pension plan to which the member or beneficiary may, if he so elects, transfer such benefits, the options he may exercise and the time limits applicable;
(2)  the surplus assets, if any, determined in the termination report and the person entitled thereto; however, this information is not required where the provisions of subdivision 4.1 of Division II of Chapter XIII must be applied in order to determine the person entitled thereto;
(3)  a note to the effect that the draft termination report along with the data used to establish his benefits or their value and to determine the surplus assets may, within 30 days and without charge, be examined either at the office of the pension committee or, where the employer has one or several establishments located within 150 km of an active member’s place of employment, at that establishment or the establishment designated by the committee, if there are more than one;
(4)  a note to the effect that the member or beneficiary may, within 30 days, present observations in writing to the pension committee, with a copy thereof to the Régie;
(5)  any other information prescribed by regulation.
The pension committee is also required, within the same time limit, to send a copy of the draft termination report to the employer and, where applicable, to the insurer and to the employees’ association representing the members concerned, and to inform them that they may, within 30 days, present observations in writing to the committee, with a copy thereof to the Régie.
1989, c. 38, s. 203; 1992, c. 60, s. 19; 1997, c. 43, s. 655.
203. Within 60 days after receipt of the notice of conformity, the pension committee shall transmit to each member or beneficiary affected a statement setting out his benefits and their value as established in the draft termination report, accompanied with the following information:
(1)  the methods of payment of the benefits, including the pension plan to which the member or beneficiary may, if he so elects, transfer such benefits, the options he may exercise and the time limits applicable;
(2)  the surplus assets, if any, determined in the termination report and the person entitled thereto; however, this information is not required where the provisions of subdivision 4.1 of Division II of Chapter XIII must be applied in order to determine the person entitled thereto;
(3)  a note to the effect that the draft termination report along with the data used to establish his benefits or their value and to determine the surplus assets may, within 30 days and without charge, be examined either at the office of the pension committee or, where the employer has one or several establishments located within 150 km of an active member’s place of employment, at that establishment or the establishment designated by the committee, if there are more than one;
(4)  a note to the effect that the member or beneficiary may, within 30 days, submit representations in writing to the pension committee, with a copy thereof to the Régie;
(5)  any other information prescribed by regulation.
The pension committee is also required, within the same time limit, to send a copy of the draft termination report to the employer and, where applicable, to the insurer and to the employees’ association representing the members concerned, and to inform them that they may, within 30 days, submit their views to the committee in writing, with a copy thereof to the Régie.
1989, c. 38, s. 203; 1992, c. 60, s. 19.
203. Within 60 days after receipt of the notice of conformity, the pension committee shall transmit to each member or beneficiary affected a statement setting out his benefits and their value as established in the draft termination report, accompanied with the following information:
(1)  the methods of payment of the benefits, including the pension plan to which the member or beneficiary may, if he so elects, transfer such benefits, the options he may exercise and the time limits applicable;
(2)  the surplus assets, if any, determined in the termination report and the person entitled thereto;
(3)  a note to the effect that the draft termination report along with the data used to establish his benefits or their value and to determine the surplus assets may, within 30 days and without charge, be examined either at the office of the pension committee or, where the employer has one or several establishments located within 150 km of an active member’s place of employment, at that establishment or the establishment designated by the committee, if there are more than one;
(4)  a note to the effect that the member or beneficiary may, within 30 days, submit representations in writing to the pension committee, with a copy thereof to the Régie;
(5)  any other information prescribed by regulation.
The pension committee is also required, within the same time limit, to send a copy of the draft termination report to the employer and, where applicable, to the insurer and to the employees’ association representing the members concerned, and to inform them that they may, within 30 days, submit their views to the committee in writing, with a copy thereof to the Régie.
1989, c. 38, s. 203.