R-15.1, r. 6.2 - General Regulation respecting supplemental pension plans

Section 8 Disposition versions

2012-09-01

8. (1)  Within 60 days after the administrator of a plan has been notified that a member of such plan has died, become disabled or terminated his employment or his membership in the plan, the administrator shall provide the member, or his assigns as the case may be, with a statement indicating:

(a)  the total of the contributions that the member was required to pay together with the amount of interest accrued thereon;

(b)  the total of the voluntary additional contributions paid by the member together with the amount of interest accrued thereon;

(c)  the total of the contributions paid by the employer on behalf of the member, where individually allocated to such member, together with the amount of interest accrued thereon;

(d)  the percentage of the contributions paid by the employer to which the member would become entitled assuming that he had terminated, on the date of the statement, his employment or his membership in the plan;

(e)  the annual amount of the pension accrued to the date of the statement and payable to the member at normal retirement age under:

i.  a unit benefit plan and a flat benefit plan;

ii.  a money purchase plan under which the retirement pension is purchased annually;

(f)  the percentage of funding of the plan as a whole as determined by the last returns required under section 15, in the case of a plan contemplated in paragraph e;

(g)  the yearly amount of any pension and the amount of any other benefit that would become payable to the member of the plan, to his assigns or to the designated beneficiary, assuming that the member had, on the date of the statement, become disabled, died or terminated his employment or his membership in the plan;

(h)  the beneficiary of any pension or benefit payable on the death of the member.

(2)  The above statement shall indicate:

(a)  that the pensions and other benefits payable under the plan shall be reduced by any amount payable under a public pension plan contemplated in section 9, where the plan provides for such reduction;

(b)  the name of such public pension plan that so reduces pensions or other benefits payable under the plan.

(3)  Furthermore, the administrator of the plan shall provide every member of that plan with a statement containing the information contemplated in this section within 180 days of the date on which the returns contemplated in section 15 must be prepared.

(4)  Where a member of a plan has terminated his employment, the administrator of such plan shall comply with the provisions of subsection 3 only upon written application made by the member or his mandatary. The administrator shall so comply within 30 days after receiving such application or within the time mentioned in subsection 3.

R.R.Q., 1981, c. R-17, r. 1, s. 8.