R-15.1, r. 6.1 - Regulation respecting supplemental pension plans affected by the arrangement regarding AbitibiBowater Inc. under the Companies’ Creditors Arrangement Act

Section 46.5 Disposition versions

2016-01-01

46.5. For the purpose of exercising the right to the option, the pension committee shall transmit to each member and beneficiary referred to in section 46.1 a statement of benefits determined as at 31 August of the year for which the payment option is chosen as well as the information required for exercising that option.

The statement of benefits, which is to be provided within the same time period as the statement of benefits referred to in section 112 of the Act, shall indicate:

(1)  the estimated degree of solvency of the affected component of the pension plan as at 31 December of the year in question;

(2)  the amount of the pension related to benefits resulting from service prior to 1 January 2011 paid to the member or beneficiary under the plan;

(3)  the amount of the pension reduced according to the estimated degree of solvency of the plan that could be paid by Retraite Québec;

(4)  the effect any difference between the estimated degree of solvency and the degree of solvency, determined in accordance with section 46.8 will have on the option as referred to in sections 46.9 and 46.10;

(5)  that the pension paid by Retraite Québec has the same features as the pension to which the member or beneficiary is entitled under the pension plan;

(6)  that choosing to have one’s pension paid by Retraite Québec constitutes the settlement of the benefits of the member or beneficiary.

The statement shall also indicate the expiry date of the time, set out in section 46.3, for informing the pension committee of the option chosen and that, should no choice be received by the pension committee before the expiry of the time set out, the benefits of the member or beneficiary shall remain in the plan.

The information provided by Retraite Québec pertaining to the administration of the pensions it pays shall, among other things, accompany the statement.

O.C. 1090-2012, s. 3.

2012-12-05

46.5. For the purpose of exercising the right to the option, the pension committee shall transmit to each member and beneficiary referred to in section 46.1 a statement of benefits determined as at 31 August of the year for which the payment option is chosen as well as the information required for exercising that option.

The statement of benefits, which is to be provided within the same time period as the statement of benefits referred to in section 112 of the Act, shall indicate:

(1)  the estimated degree of solvency of the affected component of the pension plan as at 31 December of the year in question;

(2)  the amount of the pension related to benefits resulting from service prior to 1 January 2011 paid to the member or beneficiary under the plan;

(3)  the amount of the pension reduced according to the estimated degree of solvency of the plan that could be paid by the Régie;

(4)  the effect any difference between the estimated degree of solvency and the degree of solvency, determined in accordance with section 46.8 will have on the option as referred to in sections 46.9 and 46.10;

(5)  that the pension paid by the Régie has the same features as the pension to which the member or beneficiary is entitled under the pension plan;

(6)  that choosing to have one’s pension paid by the Régie constitutes the settlement of the benefits of the member or beneficiary.

The statement shall also indicate the expiry date of the time, set out in section 46.3, for informing the pension committee of the option chosen and that, should no choice be received by the pension committee before the expiry of the time set out, the benefits of the member or beneficiary shall remain in the plan.

The information provided by the Régie pertaining to the administration of the pensions it pays shall, among other things, accompany the statement.

O.C. 1090-2012, s. 3.