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 91 Disposition versions

2024-11-21

91. To establish the second part of the annual statement referred to in section 112 of the Act and sent to a member or beneficiary, the provisions of the first paragraph of section 59.0.2 of the Regulation respecting supplemental pension plans (chapter R-15.1, r. 6) apply, in accordance with the following rules:

(1)  the degree of funding referred to in subparagraph 1 must be given with and without the indexation referred to in section 99;

(2)  the maximum amount of surplus assets that can be used under subparagraph 2 is the amount established in accordance with the second paragraph of section 111;

(3)  the share of the surplus assets used under subparagraph 5 is the amount established in accordance with the second paragraph of section 111.

O.C. 159-2007, s. 5; O.C. 833-2017, s. 17; O.C. 1535-2024, s. 27.

2017-09-21

91. Where the member contribution provided for under the plan is greater than that required pursuant to section 79, the excess thereof may serve to reduce, in the following order, the amounts remaining to be paid in connection with:

(1)  (subparagraph revoked);

(2)  any technical actuarial deficiency.

(3)  any improvement unfunded actuarial liability.

The reduction must, where applicable, be made at the time of the first actuarial valuation of the whole pension plan that follows the payment of excess contributions.

If the excess is insufficient to eliminate an unfunded liability or an amount referred to in the first paragraph, the reduction shall be applied proportionately to each amount remaining to be paid. In addition, if there is more than one liability or amount, the reduction shall be applied from the earliest to the most recent.

O.C. 159-2007, s. 5; O.C. 833-2017, s. 17.

2012-09-01

91. Where the member contribution provided for under the plan is greater than that required pursuant to section 79, the excess thereof may serve to reduce, in the following order, the amounts remaining to be paid in connection with:

(1)  any amount determined pursuant to subparagraph 4 of the second paragraph of section 137 of the Act;

(2)  any technical actuarial deficiency.

(3)  any improvement unfunded actuarial liability.

The reduction must, where applicable, be made at the time of the first actuarial valuation of the whole pension plan that follows the payment of excess contributions.

If the excess is insufficient to eliminate an unfunded liability or an amount referred to in the first paragraph, the reduction shall be applied proportionately to each amount remaining to be paid. In addition, if there is more than one liability or amount, the reduction shall be applied from the earliest to the most recent.

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