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

Section 58 Disposition versions

2022-04-14

58. The statement referred to in the first paragraph of section 113 of the Act shall, in addition to what is stated in that paragraph with respect to a refund, the pension benefit or other benefits provided for under the pension plan, contain the following information:

(1)  the date on which the member ceased to be an active member;

(2)  in the event that the member is entitled to a refund, the conditions related to that entitlement and the amount of the refund or the method used to determine it;

(3)  for the period elapsed since the end of the fiscal year covered by the last annual statement sent to the member affected until the date on which he ceased to be an active member, the information provided for in the first paragraph of section 57;

(4)  in the event that the member is entitled to payment of a retirement pension in respect of which he exercised an option provided for in the plan, the following information:

(a)  the date on which payment of the retirement pension began;

(b)  the amount of that pension, excluding the amounts referred to in subparagraphs c to h;

(c)  the amount by which that pension is reduced by reason of payment of an early benefit or execution of a seizure, a transfer or partition of benefits, as well as the amount of any adjustments related to joint and survivor rights, an early payment, a postponement or the exercise of an option provided for in section 91.1, 92.1 or 93 of the Act;

(c.1)  if the member is entitled to a bridging benefit, the amount of that benefit and the date on which it will cease to be paid;

(c.2)  in the case of a joint and last survivor annuity, the amount of the annuity that will be paid when the member dies or the method used to calculate it;

(c.3)  in the case of an indexed pension, the method used to calculate the indexation and the time when it will be applied;

(c.4)  in the case of a guaranteed pension, the period of the guarantee;

(d)  in the case of a temporary pension, the amount thereof and the date on which it will cease to be paid;

(e)  the member contributions which exceed the maximum set in section 60 of the Act and the amount of the additional pension constituted with that excess;

(f)  (subparagraph revoked);

(g)  the amount of the additional pension constituted with the member’s additional voluntary contributions or contributions paid during the period of postponement of the pension and the interest accrued thereon;

(h)  the amount of the pension constituted following a transfer of benefits or assets or a purchase of past service for the member;

(5)  where the member is entitled to payment of a retirement pension but did not exercise the choices provided for under the plan, the following information:

(a)  the date on which payment of the retirement pension may begin;

(b)  the amount of that pension, excluding pension amounts referred to in subparagraphs c to g, with a mention of the adjustments made following payment of an early benefit or execution of a seizure, transfer or partition of benefits and the adjustments related to integration, early payment or postponement of the normal pension;

(c)  a description of the choices that can be exercised and the adjustments that would result therefrom;

(d)  the member contributions that exceed the maximum set in article 60 of the Act, and the amount of the additional pension constituted with that excess;

(e)  (subparagraph revoked);

(f)  the amount of the additional pension constituted with the member’s additional voluntary contributions and the interest accrued thereon;

(g)  the amount of any pension constituted following a transfer of benefits or assets or the purchase of past service to the advantage of the member;

(6)  where the member is entitled to payment of a disability pension, the information referred to in subparagraphs e to h of paragraph 4, as well as the following information:

(a)  the date on which payment of the disability pension begins;

(b)  the amount of the disability pension or the amount of the payment or series of payments resulting from the option provided for in paragraph 4 of the first paragraph of section 93 of the Act, with, the latter case, the due date of each payment;

(c)  the amount of the reduction of the disability pension resulting from payment of an early benefit or execution of a seizure, transfer or partition of benefits;

(d)  in the case of a temporary pension, the amount thereof and the date on which it will cease to be paid;

(e)  if the plan provides that the disability pension is increased when the member reaches 65 years of age by reason of the termination of a disability pension under the Act respecting the Québec Pension Plan (chapter R‐9), the amount of that increase;

(7)  in the event of the member’s death, the nature and amount of the death benefit;

(8)  in all other cases, the following information:

(a)  the value of the deferred pension vested to the member;

(b)  the member contributions that exceed the maximum set in section 60 of the Act;

(c)  (subparagraph revoked);

(d)  the value and amount, if any, of the pension constituted following a transfer of benefits or assets or the purchase of past service to the advantage of the member;

(e)  the amount of the reduction of the deferred pension resulting from payment of an early benefit or execution of a seizure, transfer or partition of benefits;

(9)  if the member can exercise the right to a transfer provided for in section 98 of the Act,

(a)  the rules applicable to the transfer of benefits to another pension plan;

(b)  the most recent degree of solvency of the plan on the date on which the value of benefits is determined;

(c)  the rules provided for in section 143 of the Act regarding the degree of solvency of the plan that is to be used for the purpose of paying the member’s benefits, except, for a target-benefit plan, for the rules regarding the cap on the degree of solvency;

(d)  if they apply to the member, the rules provided for in sections 144 to 145.1 of the Act;

(e)  except for a target-benefit plan, the rules provided for in section 146 of the Act with regard to the payment of the balance of the value of the member’s benefits or, where applicable, a mention of the rules determined by the plan;

(9.1)  in the case of a target-benefit plan, a mention that if the member’s benefits are maintained in the plan, those benefits and their value are subject to variations based on the financial position of the plan;

(9.2)  (paragraph replaced);

(9.3)  (paragraph replaced);

(10)  the personal information related to the member and the member’s spouse, which was taken into account in determining the amounts shown on the statement, with a mention that it may be in their interest to have any erroneous information corrected;

(11)  where applicable, the mention that the plan has an annuity purchasing policy.

O.C. 1158-90, s. 58; O.C. 568-91, s. 8; O.C. 1681-97, s. 22; O.C. 173-2002, s. 51; O.C. 1183-2017, s. 34; O.C. 1107-2019, s. 15; O.C. 308-2022, s. 41.

2019-12-05

58. The statement referred to in the first paragraph of section 113 of the Act shall, in addition to what is stated in that paragraph with respect to a refund, the pension benefit or other benefits provided for under the pension plan, contain the following information:

(1)  the date on which the member ceased to be an active member;

(2)  the amount that may be refunded to him;

(3)  for the period elapsed since the end of the fiscal year covered by the last annual statement sent to the member affected until the date on which he ceased to be an active member, the information provided for in paragraphs 1 to 15 of the first paragraph of section 57;

(4)  in the event that the member is entitled to payment of a retirement pension in respect of which he exercised an option provided for in the plan, the following information:

(a)  the date on which payment of the retirement pension began;

(b)  the amount of that pension, excluding the amounts referred to in subparagraphs c to h;

(c)  the amount by which that pension is reduced by reason of payment of an early benefit or execution of a seizure, a transfer or partition of benefits, as well as the amount of any adjustments related to joint and survivor rights, an early payment, a postponement or the exercise of an option provided for in section 93 of the Act;

(d)  in the case of a temporary pension or pension fraction, the amount thereof and the date on which it will cease to be paid;

(e)  the member contributions which exceed the maximum set in section 60 of the Act and the amount of the additional pension constituted with that excess;

(f)  (subparagraph revoked);

(g)  the amount of the additional pension constituted with the member’s additional voluntary contributions or contributions paid during the period of postponement of the pension and the interest accrued thereon;

(h)  the amount of the pension constituted following a transfer of benefits or assets or a purchase of past service for the member;

(5)  where the member is entitled to payment of a retirement pension without exercising the choices provided for under the plan, the following information:

(a)  the date on which payment of the retirement pension may begin;

(b)  the amount of that pension, excluding pension amounts referred to in subparagraphs c to g, with a mention of the adjustments made following payment of an early benefit or execution of a seizure, transfer or partition of benefits and the adjustments related to integration, early payment or postponement of the normal pension;

(c)  a description of the choices provided for under the plan;

(d)  the member contributions that exceed the maximum set in article 60 of the Act, and the amount of the additional pension constituted with that excess;

(e)  (subparagraph revoked);

(f)  the amount of the additional pension constituted with the member’s additional voluntary contributions and the interest accrued thereon;

(g)  the amount of any pension constituted following a transfer of benefits or assets or the purchase of past service to the advantage of the member;

(6)  where the member is entitled to payment of a disability pension, the information referred to in subparagraphs e to h of paragraph 4, as well as the following information:

(a)  the date on which payment of the disability pension begins;

(b)  the amount of the disability pension or the amount of the payment or series of payments resulting from the option provided for in paragraph 4 of the first paragraph of section 93 of the Act, with, the latter case, the due date of each payment;

(c)  the amount of the reduction of the disability pension resulting from payment of an early benefit or execution of a seizure, transfer or partition of benefits;

(d)  in the case of a temporary pension or pension fraction, the amount thereof and the date on which it will cease to be paid;

(7)  in the event of the member’s death, the nature and amount of the death benefit;

(8)  in all other cases, the following information:

(a)  the value of the deferred pension vested to the member;

(b)  the member contributions that exceed the maximum set in section 60 of the Act;

(c)  (subparagraph revoked);

(d)  the value and amount, if any, of the pension constituted following a transfer of benefits or assets or the purchase of past service to the advantage of the member;

(e)  the amount of the reduction of the deferred pension resulting from payment of an early benefit or execution of a seizure, transfer or partition of benefits;

(9)  the most recent degree of solvency of the plan determined at the date of the statement;

(9.1)  a mention of the rules provided for under section 143 of the Act regarding the terms and conditions for the payment of the member’s benefits;

(9.2)  with regard to the payment of the balance of the member’s benefits, a mention of the rules provided for under sections 143 to 146 of the Act or, where applicable, the rules set out in the plan text;

(9.3)  with regard to the time limits applicable for exercising a right to transfer, a mention of the rules established under the second paragraph of section 99 of the Act or, where applicable, the rules set out in the plan text;

(10)  the personal information related to the member and the member’s spouse, which was taken into account in determining the amounts shown on the statement, with a mention that it may be in their interest to have any erroneous information corrected;

(11)  the mention that the plan has an annuity purchasing policy.

O.C. 1158-90, s. 58; O.C. 568-91, s. 8; O.C. 1681-97, s. 22; O.C. 173-2002, s. 51; O.C. 1183-2017, s. 34; O.C. 1107-2019, s. 15.

2018-01-04

58. The statement referred to in the first paragraph of section 113 of the Act shall, in addition to what is stated in that paragraph with respect to a refund, the pension benefit or other benefits provided for under the pension plan, contain the following information:

(1)  the date on which the member ceased to be an active member;

(2)  the amount that may be refunded to him;

(3)  for the period elapsed since the end of the fiscal year covered by the last annual statement sent to the member affected until the date on which he ceased to be an active member, the information provided for in paragraphs 1 to 15 of the first paragraph of section 57;

(4)  in the event that the member is entitled to payment of a retirement pension in respect of which he exercised an option provided for in the plan, the following information:

(a)  the date on which payment of the retirement pension began;

(b)  the amount of that pension, excluding the amounts referred to in subparagraphs c to h;

(c)  the amount by which that pension is reduced by reason of payment of an early pension benefit or execution of a seizure, a transfer or partition of benefits, as well as the amount of any adjustments related to joint and survivor rights, an early pension, a postponement or the exercise of an option provided for in section 93 of the Act;

(d)  in the case of a temporary pension or pension fraction, the amount thereof and the date on which it will cease to be paid;

(e)  the member contributions which exceed the maximum set in section 60 of the Act and the amount of the additional pension constituted with that excess;

(f)  (subparagraph revoked);

(g)  the amount of the additional pension constituted with the member’s additional voluntary contributions or contributions paid during the period of postponement of the pension and the interest accrued thereon;

(h)  the amount of the pension constituted following a transfer of benefits or assets or a purchase of past service for the member;

(5)  where the member is entitled to payment of a retirement pension without exercising the choices provided for under the plan, the following information:

(a)  the date on which payment of the retirement pension may begin;

(b)  the amount of that pension, excluding pension amounts referred to in subparagraphs c to g, with a mention of the adjustments made following payment of an early pension benefit or execution of a seizure, transfer or partition of benefits and the adjustments related to integration, early payment or postponement of the normal pension;

(c)  a description of the choices provided for under the plan;

(d)  the member contributions that exceed the maximum set in article 60 of the Act, and the amount of the additional pension constituted with that excess;

(e)  (subparagraph revoked);

(f)  the amount of the additional pension constituted with the member’s additional voluntary contributions and the interest accrued thereon;

(g)  the amount of any pension constituted following a transfer of benefits or assets or the purchase of past service to the advantage of the member;

(6)  where the member is entitled to payment of a disability pension, the information referred to in subparagraphs e to h of paragraph 4, as well as the following information:

(a)  the date on which payment of the disability pension begins;

(b)  the amount of the disability pension or the amount of the payment or series of payments resulting from the option provided for in paragraph 4 of the first paragraph of section 93 of the Act, with, the latter case, the due date of each payment;

(c)  the amount of the reduction of the disability pension resulting from payment of an early pension benefit or execution of a seizure, transfer or partition of benefits;

(d)  in the case of a temporary pension or pension fraction, the amount thereof and the date on which it will cease to be paid;

(7)  in the event of the member’s death, the nature and amount of the death benefit;

(8)  in all other cases, the following information:

(a)  the value of the deferred pension vested to the member;

(b)  the member contributions that exceed the maximum set in section 60 of the Act;

(c)  (subparagraph revoked);

(d)  the value and amount, if any, of the pension constituted following a transfer of benefits or assets or the purchase of past service to the advantage of the member;

(e)  the amount of the reduction of the deferred pension resulting from payment of an early pension benefit or execution of a seizure, transfer or partition of benefits;

(9)  the most recent degree of solvency of the plan determined at the date of the statement;

(9.1)  a mention of the rules provided for under section 143 of the Act regarding the terms and conditions for the payment of the member’s benefits;

(9.2)  with regard to the payment of the balance of the member’s benefits, a mention of the rules provided for under sections 143 to 146 of the Act or, where applicable, the rules set out in the plan text;

(9.3)  with regard to the time limits applicable for exercising a right to transfer, a mention of the rules established under the second paragraph of section 99 of the Act or, where applicable, the rules set out in the plan text;

(10)  the personal information related to the member and his spouse, which was taken into account in determining the amounts shown on the statement, with a mention that it may be in the member’s interest to have any erroneous information corrected;

(11)  the mention that the plan has an annuity purchasing policy.

O.C. 1158-90, s. 58; O.C. 568-91, s. 8; O.C. 1681-97, s. 22; O.C. 173-2002, s. 51; O.C. 1183-2017, s. 34.

2012-09-01

58. The statement referred to in the first paragraph of section 113 of the Act shall, in addition to what is stated in that paragraph with respect to a refund, the pension benefit or other benefits provided for under the pension plan, contain the following information:

(1)  the date on which the member ceased to be an active member;

(2)  the amount that may be refunded to him;

(3)  for the period elapsed since the end of the fiscal year covered by the last annual statement sent to the member affected until the date on which he ceased to be an active member, the information provided for in paragraphs 1 to 15 of the first paragraph of section 57;

(4)  in the event that the member is entitled to payment of a retirement pension in respect of which he exercised an option provided for in the plan, the following information:

(a)  the date on which payment of the retirement pension began;

(b)  the amount of that pension, excluding the amounts referred to in subparagraphs c to h;

(c)  the amount by which that pension is reduced by reason of payment of an early pension benefit or execution of a seizure, a transfer or partition of benefits, as well as the amount of any adjustments related to joint and survivor rights, an early pension, a postponement or the exercise of an option provided for in section 93 of the Act;

(d)  in the case of a temporary pension or pension fraction, the amount thereof and the date on which it will cease to be paid;

(e)  the member contributions which exceed the maximum set in section 60 of the Act and the amount of the additional pension constituted with that excess;

(f)  the value of the additional pension benefit to which the member is entitled pursuant to section 60.1 of the Act, the amount of the pension constituted with that benefit and the portion, if any, of the value of the additional pension benefit that must be paid to him in a lump sum;

(g)  the amount of the additional pension constituted with the member’s additional voluntary contributions or contributions paid during the period of postponement of the pension and the interest accrued thereon;

(h)  the amount of the pension constituted following a transfer of benefits or assets or a purchase of past service for the member;

(5)  where the member is entitled to payment of a retirement pension without exercising the choices provided for under the plan, the following information:

(a)  the date on which payment of the retirement pension may begin;

(b)  the amount of that pension, excluding pension amounts referred to in subparagraphs c to g, with a mention of the adjustments made following payment of an early pension benefit or execution of a seizure, transfer or partition of benefits and the adjustments related to integration, early payment or postponement of the normal pension;

(c)  a description of the choices provided for under the plan;

(d)  the member contributions that exceed the maximum set in article 60 of the Act, and the amount of the additional pension constituted with that excess;

(e)  the value of the additional pension benefit to which the member is entitled in accordance with section 60.1 of the Act, the amount of the pension constituted with that benefit and the portion, if any, of the value of the additional pension benefit that must be paid to him in a lump sum;

(f)  the amount of the additional pension constituted with the member’s additional voluntary contributions and the interest accrued thereon;

(g)  the amount of any pension constituted following a transfer of benefits or assets or the purchase of past service to the advantage of the member;

(6)  where the member is entitled to payment of a disability pension, the information referred to in subparagraphs e to h of paragraph 4, as well as the following information:

(a)  the date on which payment of the disability pension begins;

(b)  the amount of the disability pension or the amount of the payment or series of payments resulting from the option provided for in paragraph 4 of the first paragraph of section 93 of the Act, with, the latter case, the due date of each payment;

(c)  the amount of the reduction of the disability pension resulting from payment of an early pension benefit or execution of a seizure, transfer or partition of benefits;

(d)  in the case of a temporary pension or pension fraction, the amount thereof and the date on which it will cease to be paid;

(7)  in the event of the member’s death, the nature and amount of the death benefit;

(8)  in all other cases, the following information:

(a)  the value of the deferred pension vested to the member;

(b)  the member contributions that exceed the maximum set in section 60 of the Act;

(c)  the value of the additional pension benefit to which the member is entitled pursuant to section 60.1 of the Act, the amount of the pension constituted with that benefit and the portion, if any, of the value of the additional pension benefit that must be paid to the member in a lump sum;

(d)  the value and amount, if any, of the pension constituted following a transfer of benefits or assets or the purchase of past service to the advantage of the member;

(e)  the amount of the reduction of the deferred pension resulting from payment of an early pension benefit or execution of a seizure, transfer or partition of benefits;

(9)  the pension plan’s degree of solvency determined at the date of the last actuarial valuation of the entire plan;

(10)  the personal information related to the member and his spouse, which was taken into account in determining the amounts shown on the statement, with a mention that it may be in the member’s interest to have any erroneous information corrected.

O.C. 1158-90, s. 58; O.C. 568-91, s. 8; O.C. 1681-97, s. 22; O.C. 173-2002, s. 51.