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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 85
Disposition versions
85. Despite section 101 of the Act, the conditions set out in section 107 for the payment of the benefits of members and beneficiaries apply to the payment of transferred amounts.
85. Except where it has been made mandatory by the application of a new legislative or regulatory provision giving no latitude, a plan amendment that increases the plan’s commitments may not come into force unless the plan remains fully funded in the case of an amendment referred to under section 86 or, in the case of any other amendment, where the plan remains fully funded and solvent, once the commitments resulting from the amendment are taken into account.
85. Except where an amendment has been made mandatory by the application of a new legislative or regulatory provision giving no latitude, a plan amendment that increases the plan’s commitments may not come into force unless the plan remains fully funded and solvent once the commitments resulting from the amendment are taken into account.
