33. An employee eligible for membership in a pension plan becomes a member of the plan from the first of the following:
(1) when contributions to the plan are paid by the employee or by the employer on behalf of the employee;
(2) when the employee meets the membership requirements set out in the plan.
The employee shall remain a member until all benefits accumulated by him under the plan are paid, in particular, by means of a transfer to another plan, by the replacement of his pension pursuant to section 92 or upon termination of the plan.
The holder of an insured annuity purchased directly from an insurer, otherwise than pursuant to section 98 or to the plan’s annuity purchasing policy established in accordance with Division II.1 of Chapter XI, using benefits accrued under the plan shall remain a member of the plan.
1989, c. 38, s. 33; 1992, c. 60, s. 5; 2000, c. 41, s. 19; 2015, c. 29, s. 4.