R-15.1, r. 6.1.01 - Regulation respecting target-benefit pension plans in certain pulp and paper sector enterprises

Section 36 Disposition versions

2013-11-21

36. To determine the residual benefits of the member receiving a pension as at the date of execution of the partition or transfer of benefits, the amount referred to in subparagraph 2 of the first paragraph of section 55 of the Regulation respecting supplemental pension plans (chapter R-15.1, r. 6) is equal to the amount calculated according to the following formula:

A - (A × B/C)

“A” represents the benefit payable to the member as at the date of execution of the partition or transfer;

“B” represents the sum remitted to the spouse further to partition or a transfer, including interest;

“C” represents the value the member’s pension would have had at the date of execution of the partition or transfer of benefits had it been determined based on the amount and type of pension on the date of the valuation and taking into account the assumptions on that date.

O.C. 1052-2013, s. 36.