R-15.1, r. 8 - Regulation respecting the exemption of certain pension plans from the application of provisions of the Supplemental Pension Plans Act

Section 1.0.2 Disposition versions

2024-02-22

1.0.2. For the purposes of section 20 of the Regulation respecting the funding of defined-benefit pension plans of the municipal and university sectors (chapter R-15.1, r. 1.3), the following modifications apply:

(1)  the maximum amount of surplus assets that may be appropriated for the special improvement payment is the amount determined according to the provisions provided for in the second paragraph of that section;

(2)  for the purposes of subparagraph 2 of the second paragraph of that section, the amount of surplus assets that may be used on a solvency basis is the amount by which the plan’s assets exceeds its liabilities.

O.C. 955-2019, s. 2; O.C. 47-2024, s. 3.

2019-10-10

1.0.2. The following provisions of the Regulation respecting the funding of pension plans of the municipal and university sectors (chapter R-15.1, r. 2) apply to the plan, with the following modifications:

(1)  for the purposes of subparagraph 2 of the first and third paragraphs of section 146.3.4 of the Act referred to in section 24 of the Regulation, and paragraph 1 of section 146.3.6 of the Act referred to in section 25 of the Regulation, the general account must be replaced by plan assets and the liabilities increased by the provision for adverse deviation referred to in the second paragraph of section 13 of the Regulation;

(2)  in addition to the information that must be indicated in the text of the plan under the third paragraph of section 38.1, the text of the plan must indicate that the termination of the deferred pension indexation before retirement does not give entitlement to an additional benefit;

(3)  in addition to the contributions referred to in the first paragraph of section 38.7, the actuarial gains of the new component of the plan are used to provision the stabilization fund;

(4)  the balance of the stabilization fund at the end of a fiscal year of the plan is determined without applying subparagraph 5 of the first paragraph of section 38.15 and the second paragraph of that section.

O.C. 955-2019, s. 2.