R-17 - Act respecting supplemental pension plans

Section 44.4 Disposition versions

1982-04-01

44.4. The revalorization contemplated in section 44.3 must provide that the amount of the pension becoming payable at the end of the delay be the amount of a pension actuarially equivalent to

(a)  the pension that would have begun to be paid at normal retirement age had its payment not been delayed; or,

(b)  in the case of a pension whose payment was delayed before the effective date of this section, the pension that would have been payable on that date had its payment begun at that time.

In no case may such revalorization create only surpluses in the fund of the supplemental plan. Nor may it create only deficits therein.

1982, c. 12, s. 8.