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

Section 41 Disposition versions

2012-09-01

41. Where all or part of the capital benefits or of the pension benefits, as the case may be, consists of benefits or assets transferred from another pension plan and where the sums or benefits transferred, as well as the period of membership related thereto, are known, the value of the capital benefits or of the pension benefits accumulated during the marriage or civil union is, notwithstanding section 39 or section 40, equal to amount “V” in the following formula:

 
                       _         _ 
                      |           |
                      |   P - A   |
                      |  _______  |
 [G - T] x a/p + T x  |           | = V
                      |     P     |
                      |_         _|
                      

“G” represents the total value of the capital benefits or of the pension benefits, as the case may be, accumulated at the valuation date;

“T” represents, in the case of capital benefits, the amounts transferred plus interest calculated at the rates provided for in the second paragraph of section 39, for the period between the date of transfer and the valuation date and, in the case of pension benefits, the value of those transferred benefits, discounted at the valuation date;

“p” represents the number of months in the period of membership, excluding the months relative to all benefits or assets transferred;

“a” represents the number of months in the period of membership represented by “p” between the date of marriage or civil union and the valuation date;

“A” represents the number of months previous to the marriage or civil union in the period of membership in the plan from which the amounts or benefits were transferred;

“P” represents the number of months in the period of membership in the plan from which the sums or benefits were transferred.

O.C. 1158-90, s. 41; O.C. 173-2002, s. 35; O.C. 1073-2009, s. 24.