R-15.1, r. 4.01 - Regulation respecting measures related to supplemental pension plans to reduce the consequences of the public health emergency declared on 13 March 2020 due to the COVID-19 pandemic

Section 2 Disposition versions

2020-12-10

2. Despite section 36 of the Act, the temporary cessation of accrued benefits does not terminate active membership under the following conditions:

(1)  it only applies to the service that is subsequent to 14 July 2020;

(2)  it must begin in 2020 and end, subject to tax requirements, not later than within 12 months after the date on which benefits cease to be accrued.

For the purposes of subparagraph 2 of the first paragraph, where a plan is subject to more than one period of temporary cessation of accrued benefits, the 12-month period applies as of the date on which the first period begins where benefits cease to be accrued.

O.C. 1186-2020, s. 2.

Not in force

In force: 2020-12-10

2. Despite section 36 of the Act, the temporary cessation of accrued benefits does not terminate active membership under the following conditions:

(1)  it only applies to the service that is subsequent to 14 July 2020;

(2)  it must begin in 2020 and end, subject to tax requirements, not later than within 12 months after the date on which benefits cease to be accrued.

For the purposes of subparagraph 2 of the first paragraph, where a plan is subject to more than one period of temporary cessation of accrued benefits, the 12-month period applies as of the date on which the first period begins where benefits cease to be accrued.

O.C. 1186-2020, s. 2.