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

Section 59 Disposition versions

2022-04-14

59. The first part of the annual statement referred to in section 112 of the Act and sent to a non-active member must contain the following information:

(1)  that provided for in paragraphs 1 to 6 and 15.1 of the first paragraph of section 57;

(2)  where a member has begun receiving a retirement pension:

(a)  the amount of the pension;

(b)  if a bridging benefit is paid to the non-active member, the amount and the date on which it will cease to be paid;

(c)  if the pension was replaced in whole or in part by a temporary pension, the amount of the pension and the date on which it will cease to be paid;

(d)  the nature of the death benefit payable by supposing that the member had died on the date of the statement.

(3)  where a member has begun receiving a disability benefit:

(a)  in the case of a pension, the information referred to in subparagraphs a and c of subparagraph 2;

(b)  in the case of a series of payments referred to in subparagraph 4 of the first paragraph of section 93 of the Act, the amount and the date of each expected payment;

(c)  in the case of a benefit increased by reason of the termination of a disability pension payable under the Act respecting the Québec Pension Plan (chapter R-9) when the member reaches 65 years of age, the date on which the increase begins and its amount;

(4)  where a member is entitled to a deferred pension:

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

(b)  the anticipated amount of the pension, where the plan is not a defined contribution plan;

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

(d)  the information referred to in subparagraphs 10 and 12 of the first paragraph of section 57, but only regarding the amounts accrued since the member joined the plan;

(e)  the amount of the member contributions that exceed the ceiling set in section 60 of the Act, with accrued interest;

(f)  (subparagraph revoked);

(g)  the benefits and sums transferred to the member’s account and the sums paid to his account for the purchase of past service during the fiscal year, the total of the benefits and sums thus transferred or paid to the member’s account since the date on which he became a member of the plan, with accrued interest, distributed according as they must or must not be used to constitute a pension and any credited service added or the amount of the normal pension constituted with such benefits and sums;

(h)  the rate applied or the method used during the fiscal year to calculate the interest referred to in subparagraphs d to g;

(i)  the rules applicable to the transfer of the member’s benefits to another pension plan;

(4.1)  in the case of an indexed pension, the index or rate used for the indexation;

(5)  where the value of the member’s benefits has been paid only in part, a mention of the rules provided for in section 146 of the Act or in the plan with regard to the payment of the balance of the benefits, the amount of that balance and a mention of each year in which a payment will be made, where applicable;

(6)  where final payment of a portion of the member’s benefits has been made in accordance with the plan’s annuity purchasing policy,

(a)  the name and contact information of the insurer from which the portion of the annuity was purchased during the fiscal year in question, along with the number of the insurance contract and the date on which the agreement was made with the insurer;

(b)  the amount of the portion of the annuity purchased from the insurer during the fiscal year in question and, where in accordance with the second paragraph of section 61.0.7 the characteristics of the pension differ from those of the pension payable under the plan, its characteristics;

(c)  the aggregate of all portions of annuities purchased from an insurer in accordance with the plan’s annuity purchasing policy;

(d)  the amount of the portion of the pension paid under the plan;

(e)  a mention of the rules set out under section 182.2 of the Act for each portion of annuity purchased from an insurer and to which the rules apply.

At least once every 3 years, the first part of the statement sent to a non-active member who is entitled to a deferred pension under a plan other than a defined contribution plan and who, on a date subsequent to the sending of the statement, will be able to transfer the value of his benefits to another pension plan, shall also contain the following information:

(1)  the information indicated in subparagraphs 1 to 1.4, 2.1 and 3 of the second paragraph of section 57;

(1.1)  (subparagraph replaced);

(1.2)  (subparagraph replaced);

(1.3)  (subparagraph replaced);

(1.4)  (subparagraph replaced);

(1.5)  (subparagraph replaced);

(2)  the latest date on which the member will be able to exercise his or her right of transfer;

(3)  the most recent degree of solvency determined at the date on which the statement is prepared.

O.C. 1158-90, s. 59; O.C. 568-91, s. 9; O.C. 1681-97, s. 23; O.C. 173-2002, s. 51; O.C. 1183-2017, s. 35; O.C. 1107-2019, s. 16; O.C. 308-2022, s. 42.

2019-12-05

59. The first part of the annual statement referred to in section 112 of the Act and sent to a non-active member must contain the following information:

(1)  that provided for in paragraphs 1 to 6 of the first paragraph of section 57;

(2)  where a member has begun receiving a retirement pension:

(a)  the amount of the pension;

(b)  where a pension must be reduced to take into account, in whole or in part, benefits payable under a public plan, the beginning date of the reduction and its amount;

(c)  in the case of a pension or a fraction of a temporary pension, the date on which payment will cease;

(d)  the nature of the death benefit payable by supposing that the member had died on the date of the statement.

(3)  where a member has begun receiving a disability pension, the information referred to in subparagraphs a and c of paragraph 2, with the necessary modifications, where the pension is not a life pension, as well as, in the latter case, the anticipated date of the final payment;

(4)  where a member is entitled to a deferred pension:

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

(b)  the anticipated amount of the pension, where the plan is not a defined contribution plan;

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

(d)  the amount of the member contributions and employer contributions paid under the plan where the plan is a defined contribution plan, or under provisions similar to those of a defined contribution plan where the plan is a defined benefit plan, with accrued interest;

(e)  the amount of the member contributions that exceed the ceiling set in section 60 of the Act and the amount of the additional voluntary contributions, with, in each case, accrued interest;

(f)  (subparagraph revoked);

(g)  the benefits and sums transferred to the member’s account and the sums paid to his account for the purchase of past service during the fiscal year, the total of the benefits and sums thus transferred or paid to the member’s account since the date on which he became a member of the plan, with accrued interest, distributed according as they must or must not be used to constitute a pension and any credited service added or the amount of the normal pension constituted with such benefits and sums;

(h)  the rate applied or the method used during the fiscal year to calculate the interest referred to in subparagraphs d to g;

(5)  where the value of the member’s benefits has been paid only in part, a mention of the rules provided for under sections 143 to 146 of the Act or set out in the plan text with regard to the payment of the balance of the benefits and a mention of each year in which a payment will be made, where applicable;

(6)  where final payment of a portion of the member’s benefits has been made in accordance with the plan’s annuity purchasing policy,

(a)  the name and contact information of the insurer from which the portion of the annuity was purchased during the fiscal year in question, along with the number of the insurance contract and the date on which the agreement was made with the insurer;

(b)  the amount of the portion of the annuity purchased from the insurer during the fiscal year in question and, where in accordance with the second paragraph of section 61.0.7 the characteristics of the pension differ from those of the pension payable under the plan, its characteristics;

(c)  the aggregate of all portions of annuities purchased from an insurer in accordance with the plan’s annuity purchasing policy;

(d)  the amount of the portion of the pension paid under the plan;

(e)  a mention of the rules set out under section 182.2 of the Act for each portion of annuity purchased from an insurer and to which the rules apply.

At least once every 3 years, the first part of the statement sent to a non-active member who is entitled to a deferred pension under a plan other than a defined contribution plan and who, on a date subsequent to the sending of the statement, will be able to transfer the value of his benefits to another pension plan, shall also contain the following information:

(1)  the value, at the end of the fiscal year, of the member’s benefits, accompanied with a mention explaining that the value is provided for information purposes and that the value of the benefits is subject to large variations by reason in particular of fluctuations in the interest rates used to determine the value as well as the payment conditions of the deferred pension;

(1.1)  the value referred to in subparagraph 1, adjusted in proportion to the plan’s degree of solvency or in accordance with the provisions of the plan, that may be transferred, accompanied with the mention provided for in subparagraph 1;

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

(1.3)  a mention of the rules provided for under sections 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;

(1.4)  with regard to the payment of the balance of the 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;

(1.5)  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;

(2)  the latest date on which the member will be able to exercise his transfer right;

(3)  the personal information related to the member and the member’s spouse, which was taken into account in determining the value referred to in paragraph 1, with a mention that it may be in their interest to have any erroneous information corrected.

O.C. 1158-90, s. 59; O.C. 568-91, s. 9; O.C. 1681-97, s. 23; O.C. 173-2002, s. 51; O.C. 1183-2017, s. 35; O.C. 1107-2019, s. 16.

2018-01-04

59. The first part of the annual statement referred to in section 112 of the Act and sent to a non-active member must contain the following information:

(1)  that provided for in paragraphs 1 to 6 of the first paragraph of section 57;

(2)  where a member has begun receiving a retirement pension:

(a)  the amount of the pension;

(b)  where a pension must be reduced to take into account, in whole or in part, benefits payable under a public plan, the beginning date of the reduction and its amount;

(c)  in the case of a pension or a fraction of a temporary pension, the date on which payment will cease;

(d)  the nature of the death benefit payable by supposing that the member had died on the date of the statement.

(3)  where a member has begun receiving a disability pension, the information referred to in subparagraphs a and c of paragraph 2, with the necessary modifications, where the pension is not a life pension, as well as, in the latter case, the anticipated date of the final payment;

(4)  where a member is entitled to a deferred pension:

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

(b)  the anticipated amount of the pension, where the plan is not a defined contribution plan;

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

(d)  the amount of the member contributions and employer contributions paid under the plan where the plan is a defined contribution plan, or under provisions similar to those of a defined contribution plan where the plan is a defined benefit plan, with accrued interest;

(e)  the amount of the member contributions that exceed the ceiling set in section 60 of the Act and the amount of the additional voluntary contributions, with, in each case, accrued interest;

(f)  (subparagraph revoked);

(g)  the benefits and sums transferred to the member’s account and the sums paid to his account for the purchase of past service during the fiscal year, the total of the benefits and sums thus transferred or paid to the member’s account since the date on which he became a member of the plan, with accrued interest, distributed according as they must or must not be used to constitute a pension and any credited service added or the amount of the normal pension constituted with such benefits and sums;

(h)  the rate applied or the method used during the fiscal year to calculate the interest referred to in subparagraphs d to g;

(5)  where the value of the member’s benefits has been paid only in part, a mention of the rules provided for under sections 143 to 146 of the Act or set out in the plan text with regard to the payment of the balance of the benefits and a mention of each year in which a payment will be made, where applicable;

(6)  where final payment of a portion of the member’s benefits has been made in accordance with the plan’s annuity purchasing policy,

(a)  the name and contact information of the insurer from which the portion of the annuity was purchased during the fiscal year in question, along with the number of the insurance contract and the date on which the agreement was made with the insurer;

(b)  the amount of the portion of the annuity purchased from the insurer during the fiscal year in question and, where in accordance with the second paragraph of section 61.0.7 the characteristics of the pension differ from those of the pension payable under the plan, its characteristics;

(c)  the aggregate of all portions of annuities purchased from an insurer in accordance with the plan’s annuity purchasing policy;

(d)  the amount of the portion of the pension paid under the plan;

(e)  a mention of the rules set out under section 182.2 of the Act for each portion of annuity purchased from an insurer and to which the rules apply.

At least once every 3 years, the first part of the statement sent to a non-active member who is entitled to a deferred pension under a plan other than a defined contribution plan and who, on a date subsequent to the sending of the statement, will be able to transfer the value of his benefits to another pension plan, shall also contain the following information:

(1)  the value, at the end of the fiscal year, of the member’s benefits, accompanied with a mention explaining that the value is provided for information purposes and that the value of the benefits is subject to large variations by reason in particular of fluctuations in the interest rates used to determine the value as well as the payment conditions of the deferred pension;

(1.1)  the value referred to in subparagraph 1, adjusted in proportion to the plan’s degree of solvency or in accordance with the provisions of the plan, that may be transferred, accompanied with the mention provided for in subparagraph 1;

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

(1.3)  a mention of the rules provided for under sections 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;

(1.4)  with regard to the payment of the balance of the 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;

(1.5)  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;

(2)  the latest date on which the member will be able to exercise his transfer right;

(3)  the personnel information relative to a member and his spouse and taken into account in determining the value referred to in paragraph 1 with a mention that it may be in the their interest to have the information corrected if it is erroneous.

O.C. 1158-90, s. 59; O.C. 568-91, s. 9; O.C. 1681-97, s. 23; O.C. 173-2002, s. 51; O.C. 1183-2017, s. 35.

2012-09-01

59. The first part of the annual statement referred to in section 112 of the Act and sent to a non-active member must contain the following information:

(1)  that provided for in paragraphs 1 to 6 of the first paragraph of section 57;

(2)  where a member has begun receiving a retirement pension:

(a)  the amount of the pension;

(b)  where a pension must be reduced to take into account, in whole or in part, benefits payable under a public plan, the beginning date of the reduction and its amount;

(c)  in the case of a pension or a fraction of a temporary pension, the date on which payment will cease;

(d)  the nature of the death benefit payable by supposing that the member had died on the date of the statement.

(3)  where a member has begun receiving a disability pension, the information referred to in subparagraphs a and c of paragraph 2, with the necessary modifications, where the pension is not a life pension, as well as, in the latter case, the anticipated date of the final payment;

(4)  where a member is entitled to a deferred pension:

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

(b)  the anticipated amount of the pension, where the plan is not a defined contribution plan;

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

(d)  the amount of the member contributions and employer contributions paid under the plan where the plan is a defined contribution plan, or under provisions similar to those of a defined contribution plan where the plan is a defined benefit plan, with accrued interest;

(e)  the amount of the member contributions that exceed the ceiling set in section 60 of the Act and the amount of the additional voluntary contributions, with, in each case, accrued interest;

(f)  the amount of the pension constituted with the additional pension benefit to which the member is entitled under section 60.1 of the Act;

(g)  the benefits and sums transferred to the member’s account and the sums paid to his account for the purchase of past service during the fiscal year, the total of the benefits and sums thus transferred or paid to the member’s account since the date on which he became a member of the plan, with accrued interest, distributed according as they must or must not be used to constitute a pension and any credited service added or the amount of the normal pension constituted with such benefits and sums;

(h)  the rate applied or the method used during the fiscal year to calculate the interest referred to in subparagraphs d to g;

(5)  where the value of the member’s benefits has been paid only in part by the application of section 142 or 143 of the Act, the balance owing and an indication of each year in which a payment will be made.

At least once every 3 years, the first part of the statement sent to a non-active member who is entitled to a deferred pension under a plan other than a defined contribution plan and who, on a date subsequent to the sending of the statement, will be able to transfer the value of his benefits to another pension plan, shall also contain the following information:

(1)  the value, at the end of the fiscal year, of the benefits that may be transferred, accompanied with a mention explaining that the value is provided for information purposes and that the value of the benefits is subject to large variations by reason in particular of fluctuations in the interest rates used to determine the value as well as the payment conditions of the deferred pension;

(2)  the latest date on which the member will be able to exercise his transfer right;

(3)  the personnel information relative to a member and his spouse and taken into account in determining the value referred to in paragraph 1 with a mention that it may be in the their interest to have the information corrected if it is erroneous.

O.C. 1158-90, s. 59; O.C. 568-91, s. 9; O.C. 1681-97, s. 23; O.C. 173-2002, s. 51.