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R-15.1, r. 7 - Regulation respecting the exemption of certain categories of pension plans from the application of provisions of the Supplemental Pension Plans Act
Section 118
Disposition versions
118. Despite sections 198, 207 and 240.2 of the Act, only the members and beneficiaries whose benefits have not been paid before the date of withdrawal of an employer party to a member-funded plan or the date of termination of such a plan are affected by the withdrawal or termination.
Despite subparagraph 1 of the third paragraph of section 198 of the Act, active members who are in the employ of another employer party to the plan on the date of the employer’s withdrawal are not affected by such withdrawal.
