R-15.1 - Supplemental Pension Plans Act

Section 38 Disposition versions

2016-01-01

38. A current service contribution is the amount that the employer and, as the case may be, the active members are required to pay to ensure payment of the refunds and pension benefits provided under the pension plan in respect of service completed during a fiscal year of the plan and credited under the plan and, in the case of a plan to which Chapter X applies, to establish a stabilization provision, determined in accordance with section 125, in respect of those obligations.

The part of the current service contribution intended to establish the stabilization provision is to be called a current service stabilization contribution.

1989, c. 38, s. 38; 2015, c. 29, s. 6.

1990-01-01

38. A current service contribution is the amount that the employer and, as the case may be, the active members are required to pay to ensure payment of the refunds and pension benefits provided under the pension plan in respect of service completed during a fiscal year of the plan and credited under the plan.

1989, c. 38, s. 38.