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 4 Disposition versions

2012-09-01

4. Any excess amount determined by the application of the first paragraph of section 134 of the Supplemental Pension Plans Act (chapter R-15.1) shall, if need be, and sections 133 and 134 of the Act notwithstanding, be allocated to the redemption of the bond credited to the pension fund of the plan concerned as a result of the execution of the agreement referred to in section 3 until the value as at 1 July 2003 of the excess amounts thus allocated is equal to the amount related to the plan among the following amounts:

(1)  in the case of the plan referred to in paragraph 1 of section 2: $16,974,000;

(2)  in the case of the plan referred to in paragraph 2 of section 2: $27,195,000;

(3)  in the case of the plan referred to in paragraph 3 of the said section: $37,191,000;

(4)  in the case of the plan referred to in paragraph 4 of the said section 2: nil.

O.C. 415-2004, s. 4.