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 130 Disposition versions

2024-11-21

130. If the members’ and beneficiaries’ benefits can be maintained in the plan, the statement must also indicate,

(1)  if it concerns a member or beneficiary referred to in the second paragraph of section 126

(a)  the payment methods provided for in subparagraph a of paragraph 3 of section 127;

(b)  that the benefits will be maintained in the plan if the member or beneficiary does not indicate another choice within the period referred to in subparagraph 3 of the second paragraph of section 128;

(c)  an indication that the benefits maintained in the plan may, if the criteria provided for in the funding policy are later met, be wound up according to the rules provided for in paragraph 1 of section 129 and that the purchased annuity or transferred amount could be less than the pension to which the member or beneficiary would have been entitled on the date of the withdrawal;

(2)  if it concerns any other member, the payment methods provided for in subparagraph b of paragraph 2 of section 127.

O.C. 1535-2024, s. 27.