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 33 Disposition versions

2024-11-21

33. The provisions of section 67.4 of the Regulation respecting supplemental pension plans (chapter R-15.1, r. 6) apply to the calculation of the value of optional ancillary benefits.

The plan may provide that the value referred to in the first paragraph is calculated using, for the purposes of standards of practice referred to in that section, the average of the rates for the 24 calendar months preceding the calculation date rather than the rate applicable to the calendar month preceding that date.

O.C. 1290-99, s. 1; O.C. 1151-2002, s. 22; O.C. 159-2007, s. 3; O.C. 1013-2011, s. 6; O.C. 1535-2024, s. 15.

2012-09-01

33. The value of the optional ancillary benefits shall be calculated by using the assumptions referred to in section 67.4 of the Regulation respecting supplemental pension plans (chapter R-15.1, r. 6), applied taking into account the same rules and using the same type of mortality table.

The plan may however provide, in a case where the conversion is made otherwise than in applying subparagraph 3 of section 28, that the value referred to in the first paragraph is calculated by using the same assumptions but replacing, in the standard of practice, the reference to the second calendar month preceding the calculation date by a reference to any average of the rates for the period extending from the second to the twenty-fifth month preceding that date.

O.C. 1290-99, s. 1; O.C. 1151-2002, s. 22; O.C. 159-2007, s. 3; O.C. 1013-2011, s. 6.