R-15.1, r. 1.3 - Regulation respecting the funding of defined-benefit pension plans of the municipal and university sectors

Section 75 Disposition versions

2024-02-22

75. Despite section 18, the balance of the value of the benefits referred to in section 146 of the Act that cannot be paid can, under the terms of a restructuring agreement referred to in the Act respecting the restructuring of university-sector defined-benefit pension plans (chapter R-26.2.1) or the Act to foster the financial health and sustainability of municipal defined-benefit pension plans (chapter S-2.1.1) entered into before 22 February 2024, be funded and paid according to the conditions provided for in that section.

In addition, the rules related to the sharing of contributions do not apply with respect to the sums required to fund the value of the benefits referred to in section 146 of the Act that, under the terms of an agreement referred to in the first paragraph, are paid by the members or the employer after 21 February 2024.

O.C. 46-2024, s. 75.

Not in force

In force: 2024-02-22

75. Despite section 18, the balance of the value of the benefits referred to in section 146 of the Act that cannot be paid can, under the terms of a restructuring agreement referred to in the Act respecting the restructuring of university-sector defined-benefit pension plans (chapter R-26.2.1) or the Act to foster the financial health and sustainability of municipal defined-benefit pension plans (chapter S-2.1.1) entered into before 22 February 2024, be funded and paid according to the conditions provided for in that section.

In addition, the rules related to the sharing of contributions do not apply with respect to the sums required to fund the value of the benefits referred to in section 146 of the Act that, under the terms of an agreement referred to in the first paragraph, are paid by the members or the employer after 21 February 2024.

O.C. 46-2024, s. 75.