R-15.1, r. 6 - Regulation respecting supplemental pension plans

Section 57 Disposition versions

2022-04-14

57. The first part of the annual statement referred to in section 112 of the Act and transmitted to an active member must contain the following information:

(1)  the member’s name;

(2)  the name of the pension plan and the number that Retraite Québec assigned to it;

(3)  the fiscal year in question;

(4)  the name and address of the person to contact for any information concerning the plan;

(5)  the address of the office of the pension committee;

(6)  the name of any person entered in the records of the plan as the spouse or beneficiary of the member or, where necessary, a mention of the absence of an entry related to either of those capacities;

(7)  the date on which the member became a member of the plan;

(8)  (subparagraph revoked);

(9)  the date on which the normal pension becomes payable to the member;

(10)  the member’s current service contributions and amortization payments, or member contributions in the case of a target-benefit plan, and the additional voluntary contributions entered in the member’s account during the fiscal year as well as the total of such contributions, distributed by type, with the interest accrued since the member joined the plan up to the end of the said fiscal year, less, in the case of contributions paid under a defined-contribution plan or a target-benefit plan; or under provisions similar to those of such a plan contained in a defined benefit plan, any sums applied to payment of a phased retirement benefit or of an early benefit or the execution of a seizure, transfer or partition of benefits;

(11)  (subparagraph revoked);

(12)  the employer contributions entered in the member’s account during the fiscal year under a defined contribution plan or under provisions identical to the provisions of such a plan contained in a defined-benefit plan or a target-benefit plan; as well as the total of the employer contributions entered in that member’s account at the end of the fiscal year, including accrued interest and, less any sums applied to payment of a phased retirement benefit or of an early benefit or to the execution of a seizure, transfer or partition of benefits;

(13)  the benefits and sums transferred to the member’s account and the sums paid into the account during the fiscal year to purchase past service, the total of such benefits and sums thus transferred or paid to the member’s account since the date on which he became a member of the plan, with accrued interest, and distributed according as the benefits or amounts must or must not be used to constitute a pension as well as any credited service added or the amount of the normal pension constituted with such benefits and sums;

(14)  the rate applied during the fiscal year for the calculation of interest on the contributions and on the sums referred to in paragraphs 10 to 13, or the method used to calculate that interest;

(15)  in the case of any plan other than a defined contribution plan:

(a)  the service, including that referred to in paragraph 13, credited to the member for the calculation of the normal pension and appearing in the records of the plan at the end of the fiscal year;

(b)  the annual amount of the normal pension that would be payable to the member for his recognised credited service at the end of the fiscal year;

(c)  the amount of the reduction of that pension resulting from the payment, if any, of an early benefit or the execution of a seizure, a transfer or a partition of benefits;

(d)  where the normal pension is determined on the basis of the member’s annual remuneration or average remuneration, the remuneration or, where necessary, the average remuneration that the committee took into account to determine the amount provided for in subparagraph b;

(15.1)  in the case of a target-benefit plan, the amount of any adjustment to the benefits resulting from the application of recovery measures, the restoration of benefits or the appropriation of surplus assets which, as the case may be, is provided for in an actuarial valuation report as at the date of the end of the fiscal year covered by the statement;

(16)  (subparagraph revoked);

(17)  (subparagraph revoked).

At least once every 3 years, the first part of the statement sent to a person who, as an active member of a pension plan other than a defined contribution plan would have been entitled to transfer the value of his benefits at the end of the preceding fiscal year if he had then ceased to be an active member, shall also include the following information:

(1)  the value of the member’s benefits at the end of that fiscal year, accompanied with a mention explaining that the value is provided for information purposes and that the value of the benefits is subject to large variations by reason in particular of fluctuations in the interest rates used to determine the value as well as the payment conditions of the pension benefits;

(1.1)  the value referred to in subparagraph 1, adjusted in proportion to the plan’s degree of solvency or as provided for in the plan text, that the member would have been able to transfer, accompanied with the mention provided for in subparagraph 1;

(1.2)  a mention of the rules provided for under section 143 of the Act regarding the degree of solvency of the plan that is to be used for the purpose of paying the member’s benefits, except for a target-benefit plan, the rules concerning the cap on the degree of solvency;

(1.3)  if they apply to the member, the rules provided for in sections 144 to 145.1 of the Act;

(1.4)  except for a target-benefit plan, the rules provided for in section 146 of the Act with regard to the payment of the balance of the value of the member’s benefits or, where applicable, a mention of the rules set out in the plan;

(2)  the latest date on which the member will be able to cease to be an active member and still have a transfer right;

(2.1)  with regard to the time limits applicable for exercising a right to transfer, a mention of the rules established under the second paragraph of section 99 of the Act or, where applicable, the rules set out in the plan text;

(3)  the personal information relative to the member and his spouse which were taken into account in determining the value referred to in paragraph 1, with a mention that it may be in the interest of the member and his spouse to have that information correct if it is erroneous.

O.C. 1158-90, s. 57; Erratum, 1991 G.O. 2, 41; O.C. 568-91, s. 7; O.C. 173-2002, s. 49; O.C. 1183-2017, s. 33; O.C. 1107-2019, s. 13; O.C. 308-2022, s. 40.

2019-12-05

57. The first part of the annual statement referred to in section 112 of the Act and transmitted to an active member must contain the following information:

(1)  the member’s name;

(2)  the name of the pension plan and the number that Retraite Québec assigned to it;

(3)  the fiscal year in question;

(4)  the name and address of the person to contact for any information concerning the plan;

(5)  the address of the office of the pension committee;

(6)  the name of any person entered in the records of the plan as the spouse or beneficiary of the member or, where necessary, a mention of the absence of an entry related to either of those capacities;

(7)  the date on which the member became a member of the plan;

(8)  (subparagraph revoked);

(9)  the date on which the normal pension becomes payable to the member;

(10)  the member’s current service contributions and amortization payments and the additional voluntary contributions entered in the member’s account during the fiscal year as well as the total of such contributions, distributed by type, with the interest accrued since the member joined the plan up to the end of the said fiscal year, less, in the case of contributions paid under a defined contribution pension plan or under provisions similar to those of such a plan contained in a defined benefit plan, any sums applied to payment of an early benefit or the execution of a seizure, transfer or partition of benefits;

(11)  (subparagraph revoked);

(12)  the employer contributions entered in the member’s account during the fiscal year under a defined contribution plan or under provisions identical to the provisions of such a plan contained in a defined benefit plan, as well as the total of the employer contributions entered in that member’s account at the end of the fiscal year, including accrued interest, less any sums applied to payment of an early benefit or to the execution of a seizure, transfer or partition of benefits;

(13)  the benefits and sums transferred to the member’s account and the sums paid into the account during the fiscal year to purchase past service, the total of such benefits and sums thus transferred or paid to the member’s account since the date on which he became a member of the plan, with accrued interest, and distributed according as the benefits or amounts must or must not be used to constitute a pension as well as any credited service added or the amount of the normal pension constituted with such benefits and sums;

(14)  the rate applied during the fiscal year for the calculation of interest on the contributions and on the sums referred to in paragraphs 10 to 13, or the method used to calculate that interest;

(15)  in the case of any plan other than a defined contribution plan:

(a)  the service, including that referred to in paragraph 13, credited to the member for the calculation of the normal pension and appearing in the records of the plan at the end of the fiscal year;

(b)  the annual amount of the normal pension that would be payable to the member for his recognised credited service at the end of the fiscal year;

(c)  the amount of the reduction of that pension resulting from the payment, if any, of an early benefit or the execution of a seizure, a transfer or a partition of benefits;

(d)  where the normal pension is determined on the basis of the member’s annual remuneration or average remuneration, the remuneration or, where necessary, the average remuneration that the committee took into account to determine the amount provided for in subparagraph b;

(16)  (subparagraph revoked);

(17)  (subparagraph revoked).

At least once every 3 years, the first part of the statement sent to a person who, as an active member of a pension plan other than a defined contribution plan would have been entitled to transfer the value of his benefits at the end of the preceding fiscal year if he had then ceased to be an active member, shall also include the following information:

(1)  the value of the member’s benefits at the end of that fiscal year, accompanied with a mention explaining that the value is provided for information purposes and that the value of the benefits is subject to large variations by reason in particular of fluctuations in the interest rates used to determine the value as well as the payment conditions of the pension benefits;

(1.1)  the value referred to in subparagraph 1, adjusted in proportion to the plan’s degree of solvency or as provided for in the plan text, that the member would have been able to transfer, accompanied with the mention provided for in subparagraph 1;

(1.2)  a mention of the rules provided for under section 143 of the Act regarding the degree of solvency of the plan that is to be used for the purpose of paying the member’s benefits;

(1.3)  with regard to the payment of the balance of the value of the member’s benefits, a mention of the rules provided for under sections 143 to 146 of the Act;

(2)  the latest date on which the member will be able to cease to be an active member and still have a transfer right;

(2.1)  with regard to the time limits applicable for exercising a right to transfer, a mention of the rules established under the second paragraph of section 99 of the Act or, where applicable, the rules set out in the plan text;

(3)  the personal information relative to the member and his spouse which were taken into account in determining the value referred to in paragraph 1, with a mention that it may be in the interest of the member and his spouse to have that information correct if it is erroneous.

O.C. 1158-90, s. 57; Erratum, 1991 G.O. 2, 41; O.C. 568-91, s. 7; O.C. 173-2002, s. 49; O.C. 1183-2017, s. 33; O.C. 1107-2019, s. 13.

2018-01-04

57. The first part of the annual statement referred to in section 112 of the Act and transmitted to an active member must contain the following information:

(1)  the member’s name;

(2)  the name of the pension plan and the number that Retraite Québec assigned to it;

(3)  the fiscal year in question;

(4)  the name and address of the person to contact for any information concerning the plan;

(5)  the address of the office of the pension committee;

(6)  the name of any person entered in the records of the plan as the spouse or beneficiary of the member or, where necessary, a mention of the absence of an entry related to either of those capacities;

(7)  the date on which the member became a member of the plan;

(8)  (subparagraph revoked);

(9)  the date on which the normal pension becomes payable to the member;

(10)  the member’s current service contributions and amortization payments and the additional voluntary contributions entered in the member’s account during the fiscal year as well as the total of such contributions, distributed by type, with the interest accrued since the member joined the plan up to the end of the said fiscal year, less, in the case of contributions paid under a defined contribution pension plan or under provisions similar to those of such a plan contained in a defined benefit plan, any sums applied to payment of an early pension benefit or the execution of a seizure, transfer or partition of benefits;

(11)  (subparagraph revoked);

(12)  the employer contributions entered in the member’s account during the fiscal year under a defined contribution plan or under provisions identical to the provisions of such a plan contained in a defined benefit plan, as well as the total of the employer contributions entered in that member’s account at the end of the fiscal year, including accrued interest, less any sums applied to payment of an early pension benefit or to the execution of a seizure, transfer or partition of benefits;

(13)  the benefits and sums transferred to the member’s account and the sums paid into the account during the fiscal year to purchase past service, the total of such benefits and sums thus transferred or paid to the member’s account since the date on which he became a member of the plan, with accrued interest, and distributed according as the benefits or amounts must or must not be used to constitute a pension as well as any credited service added or the amount of the normal pension constituted with such benefits and sums;

(14)  the rate applied during the fiscal year for the calculation of interest on the contributions and on the sums referred to in paragraphs 10 to 13, or the method used to calculate that interest;

(15)  in the case of any plan other than a defined contribution plan:

(a)  the service, including that referred to in paragraph 13, credited to the member for the calculation of the normal pension and appearing in the records of the plan at the end of the fiscal year;

(b)  the annual amount of the normal pension that would be payable to the member for his recognised credited service at the end of the fiscal year;

(c)  the amount of the reduction of that pension resulting from the payment, if any, of an early pension benefit or the execution of a seizure, a transfer or a partition of benefits;

(d)  where the normal pension is determined on the basis of the member’s annual remuneration or average remuneration, the remuneration or, where necessary, the average remuneration that the committee took into account to determine the amount provided for in subparagraph b;

(16)  (subparagraph revoked);

(17)  (subparagraph revoked).

At least once every 3 years, the first part of the statement sent to a person who, as an active member of a pension plan other than a defined contribution plan would have been entitled to transfer the value of his benefits at the end of the preceding fiscal year if he had then ceased to be an active member, shall also include the following information:

(1)  the value of the member’s benefits at the end of that fiscal year, accompanied with a mention explaining that the value is provided for information purposes and that the value of the benefits is subject to large variations by reason in particular of fluctuations in the interest rates used to determine the value as well as the payment conditions of the pension benefits;

(1.1)  the value referred to in subparagraph 1, adjusted in proportion to the plan’s degree of solvency or as provided for in the plan text, that the member would have been able to transfer, accompanied with the mention provided for in subparagraph 1;

(1.2)  a mention of the rules provided for under section 143 of the Act regarding the degree of solvency of the plan that is to be used for the purpose of paying the member’s benefits;

(1.3)  with regard to the payment of the balance of the value of the member’s benefits, a mention of the rules provided for under sections 143 to 146 of the Act;

(2)  the latest date on which the member will be able to cease to be an active member and still have a transfer right;

(2.1)  with regard to the time limits applicable for exercising a right to transfer, a mention of the rules established under the second paragraph of section 99 of the Act or, where applicable, the rules set out in the plan text;

(3)  the personal information relative to the member and his spouse which were taken into account in determining the value referred to in paragraph 1, with a mention that it may be in the interest of the member and his spouse to have that information correct if it is erroneous.

O.C. 1158-90, s. 57; Erratum, 1991 G.O. 2, 41; O.C. 568-91, s. 7; O.C. 173-2002, s. 49; O.C. 1183-2017, s. 33.

2016-01-01

57. The first part of the annual statement referred to in section 112 of the Act and transmitted to an active member must contain the following information:

(1)  the member’s name;

(2)  the name of the pension plan and the number that Retraite Québec assigned to it;

(3)  the fiscal year in question;

(4)  the name and address of the person to contact for any information concerning the plan;

(5)  the address of the office of the pension committee;

(6)  the name of any person entered in the records of the plan as the spouse or beneficiary of the member or, where necessary, a mention of the absence of an entry related to either of those capacities;

(7)  the date on which the member became a member of the plan;

(8)  (subparagraph revoked);

(9)  the date on which the normal pension becomes payable to the member;

(10)  the member contributions and the additional voluntary contributions entered in the member’s account during the fiscal year as well as the total of such contributions, distributed by type, with the interest accrued since the member joined the plan up to the end of the said fiscal year, less, in the case of contributions paid under a defined contribution pension plan or under provisions similar to those of such a plan contained in a defined benefit plan, any sums applied to payment of an early pension benefit or the execution of a seizure, transfer or partition of benefits;

(11)  (subparagraph revoked);

(12)  the employer contributions entered in the member’s account during the fiscal year under a defined contribution plan or under provisions identical to the provisions of such a plan contained in a defined benefit plan, as well as the total of the employer contributions entered in that member’s account at the end of the fiscal year, including accrued interest, less any sums applied to payment of an early pension benefit or to the execution of a seizure, transfer or partition of benefits;

(13)  the benefits and sums transferred to the member’s account and the sums paid into the account during the fiscal year to purchase past service, the total of such benefits and sums thus transferred or paid to the member’s account since the date on which he became a member of the plan, with accrued interest, and distributed according as the benefits or amounts must or must not be used to constitute a pension as well as any credited service added or the amount of the normal pension constituted with such benefits and sums;

(14)  the rate applied during the fiscal year for the calculation of interest on the contributions and on the sums referred to in paragraphs 10 to 13, or the method used to calculate that interest;

(15)  in the case of any plan other than a defined contribution plan:

(a)  the service, including that referred to in paragraph 13, credited to the member for the calculation of the normal pension and appearing in the records of the plan at the end of the fiscal year;

(b)  the annual amount of the normal pension that would be payable to the member for his recognised credited service at the end of the fiscal year;

(c)  the amount of the reduction of that pension resulting from the payment, if any, of an early pension benefit or the execution of a seizure, a transfer or a partition of benefits;

(d)  where the normal pension is determined on the basis of the member’s annual remuneration or average remuneration, the remuneration or, where necessary, the average remuneration that the committee took into account to determine the amount provided for in subparagraph b;

(16)  (subparagraph revoked);

(17)  (subparagraph revoked).

At least once every 3 years, the first part of the statement sent to a person who, as an active member of a pension plan other than a defined contribution plan would have been entitled to transfer the value of his benefits at the end of the preceding fiscal year if he had then ceased to be an active member, shall also include the following information:

(1)  the value of the benefits that the member would have been able to transfer at the end of that fiscal year, accompanied with a mention explaining that the value is provided for information purposes and that the value of the benefits is subject to large variations by reason in particular of fluctuations in the interest rates used to determine the value as well as the payment conditions of the pension benefits;

(2)  the latest date on which the member will be able to cease to be an active member and still have a transfer right;

(3)  the personal information relative to the member and his spouse which were taken into account in determining the value referred to in paragraph 1, with a mention that it may be in the interest of the member and his spouse to have that information correct if it is erroneous.

O.C. 1158-90, s. 57; Erratum, 1991 G.O. 2, 41; O.C. 568-91, s. 7; O.C. 173-2002, s. 49.

2012-09-01

57. The first part of the annual statement referred to in section 112 of the Act and transmitted to an active member must contain the following information:

(1)  the member’s name;

(2)  the name of the pension plan and the number that the Régie assigned to it;

(3)  the fiscal year in question;

(4)  the name and address of the person to contact for any information concerning the plan;

(5)  the address of the office of the pension committee;

(6)  the name of any person entered in the records of the plan as the spouse or beneficiary of the member or, where necessary, a mention of the absence of an entry related to either of those capacities;

(7)  the date on which the member became a member of the plan;

(8)  (subparagraph revoked);

(9)  the date on which the normal pension becomes payable to the member;

(10)  the member contributions and the additional voluntary contributions entered in the member’s account during the fiscal year as well as the total of such contributions, distributed by type, with the interest accrued since the member joined the plan up to the end of the said fiscal year, less, in the case of contributions paid under a defined contribution pension plan or under provisions similar to those of such a plan contained in a defined benefit plan, any sums applied to payment of an early pension benefit or the execution of a seizure, transfer or partition of benefits;

(11)  (subparagraph revoked);

(12)  the employer contributions entered in the member’s account during the fiscal year under a defined contribution plan or under provisions identical to the provisions of such a plan contained in a defined benefit plan, as well as the total of the employer contributions entered in that member’s account at the end of the fiscal year, including accrued interest, less any sums applied to payment of an early pension benefit or to the execution of a seizure, transfer or partition of benefits;

(13)  the benefits and sums transferred to the member’s account and the sums paid into the account during the fiscal year to purchase past service, the total of such benefits and sums thus transferred or paid to the member’s account since the date on which he became a member of the plan, with accrued interest, and distributed according as the benefits or amounts must or must not be used to constitute a pension as well as any credited service added or the amount of the normal pension constituted with such benefits and sums;

(14)  the rate applied during the fiscal year for the calculation of interest on the contributions and on the sums referred to in paragraphs 10 to 13, or the method used to calculate that interest;

(15)  in the case of any plan other than a defined contribution plan:

(a)  the service, including that referred to in paragraph 13, credited to the member for the calculation of the normal pension and appearing in the records of the plan at the end of the fiscal year;

(b)  the annual amount of the normal pension that would be payable to the member for his recognised credited service at the end of the fiscal year;

(c)  the amount of the reduction of that pension resulting from the payment, if any, of an early pension benefit or the execution of a seizure, a transfer or a partition of benefits;

(d)  where the normal pension is determined on the basis of the member’s annual remuneration or average remuneration, the remuneration or, where necessary, the average remuneration that the committee took into account to determine the amount provided for in subparagraph b;

(16)  (subparagraph revoked);

(17)  (subparagraph revoked).

At least once every 3 years, the first part of the statement sent to a person who, as an active member of a pension plan other than a defined contribution plan would have been entitled to transfer the value of his benefits at the end of the preceding fiscal year if he had then ceased to be an active member, shall also include the following information:

(1)  the value of the benefits that the member would have been able to transfer at the end of that fiscal year, accompanied with a mention explaining that the value is provided for information purposes and that the value of the benefits is subject to large variations by reason in particular of fluctuations in the interest rates used to determine the value as well as the payment conditions of the pension benefits;

(2)  the latest date on which the member will be able to cease to be an active member and still have a transfer right;

(3)  the personal information relative to the member and his spouse which were taken into account in determining the value referred to in paragraph 1, with a mention that it may be in the interest of the member and his spouse to have that information correct if it is erroneous.

O.C. 1158-90, s. 57; Erratum, 1991 G.O. 2, 41; O.C. 568-91, s. 7; O.C. 173-2002, s. 49.