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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 66
Disposition versions
66. A member-funded pension plan cannot be
(1) a pension plan in which the remuneration used for the purpose of calculating a member’s pension corresponds to the average of his last remunerations;
(2) a pension plan in which the remuneration used for the purpose of calculating a member’s pension corresponds to his highest remunerations during a specified number of years;
(3) a pension plan under which the pension is automatically increased by using for its determination an index or rate provided for in the plan;
(4) an insured pension plan.
66. The following plans are outside the scope of this division:
(1) a pension plan in which the remuneration used for the purpose of calculating a member’s pension corresponds to the average of his last remunerations;
(2) a pension plan in which the remuneration used for the purpose of calculating a member’s pension corresponds to his highest remunerations during a specified number of years;
(3) a pension plan under which the pension is automatically increased by using for its determination an index or rate provided for in the plan;
(4) an insured pension plan.
