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 90 Disposition versions

2024-11-21

90. In all statements of benefits, member contributions are mentioned without stating whether they are service contributions or amortization payments.

In addition, the information to be included must be established by taking into account the following characteristics of member-funded pension plans:

(1)  the provisions of section 60 of the Act do not apply;

(2)  the plan’s degree of solvency referred to in section 143 of the Act cannot be capped;

(3)  the rules provided for in section 146 of the Act do not apply;

(4)  the indexation of pensions can only be included in an amendment resulting from the appropriation of surplus assets.

O.C. 159-2007, s. 5; O.C. 833-2017, s. 16; O.C. 1535-2024, s. 27.

2017-09-21

90. The amortization amounts to be paid in connection with an unfunded actuarial liability shall, for each fiscal year or part of a fiscal year of the pension plan included in the amortization period, be allocated subject to the terms and conditions prescribed by the plan text.

For the application of the first paragraph, the provisions related to the total payroll and the number of active members are the same as those used to verify the plan’s funding for the purposes of the last actuarial valuation of the plan.

O.C. 159-2007, s. 5; O.C. 833-2017, s. 16.

2012-09-01

90. The amortization amounts to be paid in connection with an unfunded actuarial liability shall, for each fiscal year or part of a fiscal year of the pension plan included in the amortization period, be expressed either in the form of a uniform percentage of each active members remuneration as determined on the basis of the total anticipated payroll for the active members or in the form of a uniform sum for each active member determined on the basis of the anticipated number of active members.

For the application of the first paragraph, the provisions related to the total payroll and the number of active members are the same as those used to verify the plan’s funding for the purposes of the last actuarial valuation of the plan.

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