14. In the event of failure to produce a document referred to in section 13.0.1 or 13.0.3, additional fees equal to 10% of the fees initially due pursuant to the relevant provision must be paid for each complete month of delay, to a maximum of the fees initially due.
In the event of failure to pay the fees that must accompany a document referred to in the first paragraph, additional fees equal to 10% of the unpaid balance at the expiry of the time allotted for submitting the document to Retraite Québec must be paid for each complete month of delay, to a maximum of the said balance.
No additional fee is due pursuant to the second paragraph with respect to a month for which additional fees must be paid in application of the first paragraph. Moreover, in the event of failure to submit a termination report or failure to pay the fees that must accompany it, no additional fee is due with respect to a period prior to the latest of the following dates:(1) the date of expiry of the time allotted in section 207.2 of the Act;
(2) the date that falls 90 days after the date of the plan’s termination.
In the event of failure to produce the notice required under section 119.1 of the Act, the report referred to in section 120 of the Act, barring the report on the actuarial valuation referred to in subparagraph 1 of the first paragraph of section 118 of the Act, or a document that must accompany the report, additional fees equal to 20% of the fees calculated in the manner prescribed by section 13.0.1 taking into account the number of members and beneficiaries indicated in the annual statement of information related to the last fiscal year of the plan, must be paid to Retraite Québec for each complete month of delay, up to the amount of the latter fees. No additional fee is due with regard to the notice required by section 119.1 of the Act where the report on an actuarial valuation that meets the requirements provided for in that section is produced. In addition, no additional fee is due regarding the report on an actuarial valuation required under subparagraph 2 of the first paragraph of section 118 of the Act if it ceases to be required by reason of the production of the report on a complete actuarial valuation of the plan at an earlier date that has the effect of requiring the production of the notice referred to in section 119.1 of the Act.
O.C. 1158-90, s. 14; O.C. 1681-97, s. 1; O.C. 173-2002, s. 11; O.C. 1073-2009, s. 4; 1183-2017O.C. 1183-2017, s. 511; 1107-2019O.C. 1107-2019, s. 91.