R-15.1, r. 1 - Regulation respecting arbitration relating to the surplus assets of supplemental pension plans

Section 1.1 Disposition versions

2012-12-13

1.1. Unless it concerns a plan referred to in section 1.3, the pension committee shall, within 30 days following the selection of the arbitration body in accordance with section 243.7 of the Supplemental Pension Plans Act (chapter R-15.1), send it a notice giving

(1)  the object of the application for arbitration;

(2)  the names and addresses of the designated arbitrator or arbitrators or, where applicable, the absence of agreement on the selection of the arbitrator or arbitrators;

(3)  the surplus assets determined on termination of the plan as well as, in the case of a plan referred to in section 230.0.1 of the Act, the surplus assets determined in respect of each employer; and

(4)  the amount in dispute.

The pension committee shall attach to that notice

(1)  a true copy of the pension plan;

(2)  a true copy of any document ancillary to the plan;

(3)  a true copy of the report on the latest valuation of the plan;

(4)  a true copy of the termination report referred to in section 207.2 of the Act;

(5)  if the application is asking for a ruling on a problem arising from the interpretation or application of an agreement or declaration referred to in section 230.1 of the Act, a copy of the agreement or declaration involved; and

(6)  a provision for costs, established in accordance with Schedule I.

As soon as it has been informed of the selection of the arbitrator or arbitrators or as soon as it has designated them, the arbitration body shall publish in a daily newspaper circulated in the region of Québec in which the greatest number of members who were active on the date of termination of the pension plan reside, a notice containing the names of the arbitrator or arbitrators selected to rule on the arbitration application for the allocation of the surplus assets of the terminated plan.

The arbitration body is relieved from that publication requirement if it personally notified each member, beneficiary and employer likely to claim rights under the plan or the Act after having obtained their names and addresses from the pension committee and the certification from the committee that the list is complete.

O.C. 944-2002, s. 1; O.C. 1054-2012, s. 1.

2012-09-01

1.1. Unless it concerns a plan referred to in section 1.3, the pension committee shall, within 30 days following the selection of the arbitration body in accordance with section 243.7 of the Supplemental Pension Plans Act (chapter R-15.1), send it a notice giving

(1)  the object of the application for arbitration;

(2)  the names and addresses of the designated arbitrator or arbitrators or, where applicable, the absence of agreement on the selection of the arbitrator or arbitrators;

(3)  the surplus assets determined on termination of the plan as well as, in the case of a plan referred to in section 230.0.1 of the Act, the surplus assets determined in respect of each employer; and

(4)  the amount in dispute.

The pension committee shall attach to that notice

(1)  a true copy of the pension plan;

(2)  a true copy of any document ancillary to the plan;

(3)  a true copy of the report on the latest valuation of the plan and, if any, more recent reports made under section 130 of the Act;

(4)  a true copy of the termination report referred to in section 207.2 of the Act;

(5)  if the application is asking for a ruling on a problem arising from the interpretation or application of an agreement or declaration referred to in section 230.1 of the Act, a copy of the agreement or declaration involved; and

(6)  a provision for costs, established in accordance with Schedule I.

As soon as it has been informed of the selection of the arbitrator or arbitrators or as soon as it has designated them, the arbitration body shall publish in a daily newspaper circulated in the region of Québec in which the greatest number of members who were active on the date of termination of the pension plan reside, a notice containing the names of the arbitrator or arbitrators selected to rule on the arbitration application for the allocation of the surplus assets of the terminated plan.

The arbitration body is relieved from that publication requirement if it personally notified each member, beneficiary and employer likely to claim rights under the plan or the Act after having obtained their names and addresses from the pension committee and the certification from the committee that the list is complete.

O.C. 944-2002, s. 1.