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 136 Disposition versions

2024-11-21

136. The settlement is carried out as though it was a withdrawal of an employer party to a plan that does not allow the benefits of members and beneficiaries affected by the withdrawal to be maintained in the plan.

Sections 119 to 122, 128, 129 and 131 to 133 apply, with the necessary modifications, including the following:

(1)  the date of the actuarial valuation is substituted for the date of the withdrawal;

(2)  the date of the valuation of the benefits of members and beneficiaries affected is the date of the actuarial valuation;

(3)  for the purposes of section 128, the time limit for sending statements of benefits is established based on the date on which the notice referred to in section 135 was sent;

(4)  the statement of benefits referred to in that section must also mention that the benefits of members and beneficiaries affected will be paid based on the plan’s degree of solvency and in accordance with the rules provided for in paragraph 2 of section 127.

O.C. 1535-2024, s. 27.