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 79 Disposition versions

2024-11-21

79. Sections 60 and 61 of the Act do not apply to benefits acquired under a member-funded pension plan.

The value of benefits accrued under a member-funded pension plan must be determined at the date of vesting of the benefits, on the basis of the actuarial assumptions determined under Division VIII.1 of the Regulation respecting supplemental pension plans (chapter R-15.1, r. 6).

Such value is, for the purposes of the Act, in particular for the transfer of benefits, substituted for the value of the member’s benefits that would otherwise be determined pursuant to section 61 of the Act.

O.C. 159-2007, s. 5; O.C. 833-2017, s. 9; O.C. 1535-2024, s. 27.

2017-09-21

79. An active member shall, in each fiscal year of the pension plan, pay the member contribution which, added to the employer contribution and the contributions of the other active members, is equal to the sum of the current service contribution determined in accordance with sections 124 and 125 of the Act and any amortization amounts established in application of section 90.

O.C. 159-2007, s. 5; O.C. 833-2017, s. 9.

2012-09-01

79. An active member shall, in each fiscal year of the plan, pay the member contribution that, when added to the employer contribution and to the contributions of the other active members, is equal to the current service contribution determined in accordance with sections 124 and 125 of the Act.

A member’s member contribution shall likewise include his share of any amortization amount determined in application of section 90 and of the sum payable to cover any amount determined pursuant to subparagraph 4 of the second paragraph of section 137 of the Act.

However, if the person or body who has the power to amend the plan so decides, the change in the member contribution related to an amortization amount determined in accordance with section 90 or in application of subparagraph 4 of the second paragraph of section 137 of the Act may be postponed, at the latest, to the date that is 12 months after the date of the actuarial valuation pertaining thereto. Where an increase is postponed, the sum of the contribution that would otherwise have been paid in the meanwhile, increased by the interest referred to in section 48 of the Act, may be divided uniformly over the remainder of the first 5 years which follow the valuation date.

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