R-15.1, r. 6 - Regulation respecting supplemental pension plans

Section 24.1 Disposition versions

2018-01-04

24.1. Where sums that do not originate, during the same year, directly or indirectly from a life income fund of the purchaser from a supplemental pension plan that offers the variable benefits referred to in Division II.3, or from the locked-in account of his voluntary retirement savings plan governed by the Voluntary Retirement Savings Plans Act (chapter R-17.0.1) and offering variable payments are deposited in a fund that it manages or the purchaser informs it of the maximum temporary income that he determines, the financial institution shall, within the following 30 days, supply the purchaser with a statement that indicates the following:

(1)  the balance of the fund at the beginning of the fiscal year and the sums that have been deposited therein, identifying any amounts coming directly or not during that year from a life income fund of the purchaser from a supplemental pension plan that offers the variable benefits referred to in Division II.3, or from the locked-in account of his voluntary retirement savings plan governed by the Voluntary Retirement Savings Plans Act and offering variable payments, as well as the balance of the fund for the purpose of calculating the maximum amount that may be paid to the purchaser as income during the fiscal year;

(2)  the maximum amount that may be paid to the purchaser as income during the fiscal year;

(3)  the minimum amount that must be paid to the purchaser as income during the fiscal year;

(4)  where the contract establishing the fund provides for payment of a temporary income and the purchaser is at least 54 years of age but less than 65 years of age at the end of the preceding year:

(a)  the reference temporary income for the current fiscal year;

(b)  the maximum temporary income, if any, determined by the purchaser.

O.C. 1681-97, s. 15; O.C. 1073-2009, s. 8; O.C. 500-2014, s. 11; O.C. 1183-2017, s. 20.

2014-07-01

24.1. Where sums that do not originate, during the same year, directly or indirectly from a life income fund of the purchaser, or from the locked-in account of his voluntary retirement savings plan governed by the Voluntary Retirement Savings Plans Act (chapter R-17.0.1) and offering variable payments are deposited in a fund that it manages or the purchaser informs it of the maximum temporary income that he determines, the financial institution shall, within the following 30 days, supply the purchaser with a statement that indicates the following:

(1)  the balance of the fund at the beginning of the fiscal year and the sums that have been deposited therein, identifying any amounts coming directly or not during that year from a life income fund of the purchaser, or from the locked-in account of his voluntary retirement savings plan governed by the Voluntary Retirement Savings Plans Act and offering variable payments, as well as the balance of the fund for the purpose of calculating the maximum amount that may be paid to the purchaser as income during the fiscal year;

(2)  the maximum amount that may be paid to the purchaser as income during the fiscal year;

(3)  the minimum amount that must be paid to the purchaser as income during the fiscal year;

(4)  where the contract establishing the fund provides for payment of a temporary income and the purchaser is at least 54 years of age but less than 65 years of age at the end of the preceding year:

(a)  the reference temporary income for the current fiscal year;

(b)  the maximum temporary income, if any, determined by the purchaser.

O.C. 1681-97, s. 15; O.C. 1073-2009, s. 8; O.C. 500-2014, s. 11.

2012-09-01

24.1. Where sums that do not originate, during the same year, directly or indirectly from a life income fund of the purchaser are deposited in a fund that it manages or the purchaser informs it of the maximum temporary income that he determines, the financial institution shall, within the following 30 days, supply the purchaser with a statement that indicates the following:

(1)  the balance of the fund at the beginning of the fiscal year and the sums that have been deposited therein, identifying any amounts coming directly or not during that year from a life income fund of the purchaser, as well as the balance of the fund for the purpose of calculating the maximum amount that may be paid to the purchaser as income during the fiscal year;

(2)  the maximum amount that may be paid to the purchaser as income during the fiscal year;

(3)  the minimum amount that must be paid to the purchaser as income during the fiscal year;

(4)  where the contract establishing the fund provides for payment of a temporary income and the purchaser is at least 54 years of age but less than 65 years of age at the end of the preceding year:

(a)  the reference temporary income for the current fiscal year;

(b)  the maximum temporary income, if any, determined by the purchaser.

O.C. 1681-97, s. 15; O.C. 1073-2009, s. 8.