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 72 Disposition versions

2024-11-21

72. Registration of a member-funded pension plan requires that the report referred to in subparagraph 1 of the first paragraph of section 118 of the Act shows that the pension plan is fully funded and solvent on the date it comes into force.

Registration of an amendment to such a plan, except for an amendment referred to in subparagraph 1 of the second paragraph of section 68, requires that the report referred to in subparagraph 4 of the first paragraph of section 118 of the Act shows that at the date of the actuarial valution, the plan, once the additional obligations arising from the amendment are taken into account, remains fully funded or, if those obligations are related to service prior to that date, remains fully funded and solvent.

O.C. 159-2007, s. 5; O.C. 1535-2024, s. 27.

2012-09-01

72. For the purposes of partition, transfer and seizure of the member’s benefits, the value that must be considered to be the value of the member’s total benefits or the value of the benefits accumulated during marriage is equal to the product of the value determined in accordance with the pertinent provisions of sections 35.2, 37, 39 and 41 to 45 of the Regulation respecting supplemental pension plans (chapter R-15.1, r. 6) multiplied by the plan’s degree of solvency at the date at which the member’s benefits are determined. Only the value resulting from the operation prescribed in this section must be indicated in the first part of the statement provided for in section 35 of the Regulation.

O.C. 159-2007, s. 5.