R-15.1 - Supplemental Pension Plans Act

Full text
222. Where an employer withdraws from a multi-employer pension plan, the benefits accumulated under the plan by the members or beneficiaries shall be divided into two groups, one of which shall consist of the benefits of the persons affected by the withdrawal.
Where two or more employers withdraw simultaneously from a multi-employer pension plan, the group of benefits of the members or beneficiaries affected by the withdrawal shall be distributed in accordance with section 223.
1989, c. 38, s. 222; 2000, c. 41, s. 129.
222. In the event of partial termination of a pension plan, the benefits accumulated under the plan by the members or beneficiaries shall be divided into two groups, one of which shall consist of the benefits of the persons affected by the termination.
Where more than one employer is involved in the partial termination of a multi-employer pension plan, the group of benefits of the members or beneficiaries affected by the termination shall be distributed in accordance with section 223.
1989, c. 38, s. 222.