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R-15.1, r. 6.1.01 - Regulation respecting target-benefit pension plans in certain pulp and paper sector enterprises
Section 51
Disposition versions
51. The salary increase of a member after his period of active membership in the target-benefit pension plan has ended that can be taken into consideration for the purpose of determining his normal pension under the plan may not exceed the increase in the average weekly salaries and wages for the Industrial Composite in Canada, as published by Statistics Canada pursuant to the Statistics Act (R.S.C. 1985, c. S-19).
Notwithstanding the rule provided for in the first paragraph and the provisions of section 39 of the Regulation respecting the exemption of certain categories of pension plans from the application of provisions of the Supplemental Pension Plans Act (chapter R-15.1, r. 7), a target-benefit pension plan may be connected to a pension plan to which the same employer is party.
Notwithstanding the second paragraph of section 5 of the Act, a target-benefit pension plan may not contain provisions that are more advantageous than those contained in this section.
