R-15.1, r. 8 - Regulation respecting the exemption of certain pension plans from the application of provisions of the Supplemental Pension Plans Act

Section 1.2 Disposition versions

2019-10-10

1.2. Despite the third paragraph of section 318.5 of the Act, the following provisions of the Act in force on 1 January 2016 apply to the plan, with the following modifications:

(1)  section 60, with the modifications provided for in section 6.1 of the Regulation respecting the funding of pension plans of the municipal and university sectors (chapter R-15.1, r. 2);

(2)  section 119.1, where no actuarial valuation is required at the date of the end of a fiscal year of the pension plan by paragraph 2 of section 118 of the Act referred to in section 7 of the Regulation;

(3)  section 143, with respect to the value of benefits accrued in the new component of the pension plan by a member or beneficiary and with respect to the value of part of the benefits of a member who was the subject of an amendment of conversion referred to in section 22 of the Act, except that the value of the benefits of members and beneficiaries who do not have the option of maintaining their benefits in the plan must be paid at 100%.

O.C. 955-2019, s. 4.