In force: 2024-02-22
30. One component of a plan cannot be terminated unless the other component is also terminated.
Despite the foregoing, if the plan so provides, the prior component of a plan can be terminated provided that the pensions of all the members and beneficiaries with benefits for that component are in payment on the termination date, that the plan is not subject to any amendment or suspension of the pension indexation pursuant to the first paragraph of section 21 of the Act respecting the restructuring of university-sector defined-benefit pension plans (chapter R-26.2.1) or of the first paragraph of section 16 of the Act to foster the financial health and sustainability of municipal defined-benefit pension plans (chapter S-2.1.1) and that any other condition that may be provided by the pension plan to terminate the component is met.
46-2024O.C. 46-2024, s. 30.