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

Section 2 Disposition versions

2012-09-01

2. The convening of a meeting of members and beneficiaries to select a representative, provided for in the first paragraph of section 243.6 of the Act, as it read before 1 January 2001, shall be carried out by sending a notice indicating the date, time and place of the meeting. The notice shall state the existence of an application for arbitration relating to the apportionment of the surplus assets determined at the time of the total termination of the plan. The notice shall also state that the purpose of the meeting is to select a natural person to represent the members and beneficiaries in the organization of the arbitration process provided for in section 243.7 of the Act, as it read before 1 January 2001. The notice shall be sent, between the fifty-first and the thirtieth day preceding the meeting, to every person known to have rights under the plan or the Act.

The convening of a meeting of employers to select the employer representative, provided for in the second paragraph of section 243.6 of the Act, as it read before 1 January 2001, shall be carried out in the same manner.

No later than the dates on which the notices provided for in the first paragraph are sent, a notice containing the same text as those notices shall be published in a newspaper distributed 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. The notice shall invite every person who has not personally received the notice of meeting and who believes that he has rights under the plan or the Act to state his claim before the pension committee prior to the twentieth day preceding the meeting. The pension committee shall, prior to the tenth day preceding the meeting, inform any person who claims to have such rights whether he may validly appear at the meeting.

O.C. 1894-93, s. 2; O.C. 944-2002, s. 2.