R-15.1 - Supplemental Pension Plans Act

Section 240.3 Disposition versions

2016-01-01

240.3. Retraite Québec may, where it considers it in the best interests of the members and beneficiaries, exempt a terminated pension plan or a pension plan that is amended to allow for the withdrawal of an employer from the application of any provision of this chapter, subject to the specified conditions.

1992, c. 60, s. 36; 1994, c. 24, s. 23; 2000, c. 41, s. 152; 2015, c. 20, s. 61; 2015, c. 29, s. 65.

2001-01-01

240.3. The Régie may, where it considers it in the best interests of the members and beneficiaries, exempt a terminated pension plan from the application of any provision of this chapter, subject to the specified conditions.

1992, c. 60, s. 36; 1994, c. 24, s. 23; 2000, c. 41, s. 152.

1994-06-17

240.3. The Régie may, in the cases and on the conditions set out in paragraphs 1, 2 and 3 below, and to the extent that it considers it in the interest of the members and beneficiaries, exempt a pension plan which has been totally or partially terminated from the application of the provisions of this chapter mentioned in the said paragraphs:

(1)  any plan which is totally terminated may be exempted from the application of all or some of the provisions of this chapter, provided the following conditions are satisfied:

 — the pension committee attests in writing that the persons who may be entitled to assert rights under the plan or pursuant to this Act have all been notified personally of the termination of the plan and the value of their benefits;

 — all such persons have accepted, in writing, the assessment of their benefits;

 — any other conditions which the Régie may fix;

(2)  any plan which is partially terminated may be exempted, in matters relating to the termination, from the application of all or some of the provisions of sections 202 to 210, 212 to 227 and 231 to 240, provided the conditions fixed by the Régie are satisfied;

(3)  any multi-employer plan which is totally terminated may, on the conditions fixed by the Régie, be exempted from the application of all or some of the provisions of sections 220 to 227.

1992, c. 60, s. 36; 1994, c. 24, s. 23.

1993-01-01

240.3. The Régie may, in the cases and on the conditions set out in paragraphs 1, 2 and 3 below, and to the extent that it considers it in the interest of the members and beneficiaries, exempt a pension plan which has been totally or partially terminated from the application of the provisions of this chapter mentioned in the said paragraphs:

(1)  any plan which, at the time of its total termination, had 15 members or less, may be exempted from the application of all or some of the provisions of this chapter, provided the following conditions are satisfied:

 — the pension committee attests in writing that the persons who may be entitled to assert rights under the plan have all been notified personally of the termination of the plan and the value of their benefits;

 — all such persons have accepted, in writing, the assessment of their benefits;

 — any other conditions which the Régie may fix;

(2)  any plan which is partially terminated, other than a multi-employer plan, may be exempted, in matters relating to the termination, from the application of all or some of the provisions of sections 202 to 210, 212 to 227 and 231 to 240, provided the conditions fixed by the Régie are satisfied;

(3)  any multi-employer plan which is totally or partially terminated may, on the conditions fixed by the Régie, be exempted from the application of the provisions of sections 220 to 227 and 236.

1992, c. 60, s. 36.