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 94 Disposition versions

2024-11-21

94. The report related to an actuarial valuation of the plan must include, in addition to the requirements of Subdivision 3 of Division I of the Regulation respecting supplemental pension plans (chapter R-15.1, r. 6), the funding level referred to in paragraph 5 of section 5 of that Regulation with and without the assumption for indexation of the pensions referred to in section 99.

It must also include, instead of the information referred to in subparagraphs 6 and 7 of the first paragraph of section 6 of the Regulation, the member contribution provided for in the plan, if it is higher than the contribution provided for in section 73, and the description of the variation in the contribution resulting from the application of the second paragraph of section 74.

In addition, member contributions must be mentioned therein without stating whether they are service contributions or amortization payments.

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

2012-09-01

94. Where, by reason of a decision concerning the certification of an employees’ association or a decision of a given group of employees provided for under the pension plan, certain active members of a plan cease to meet the eligibility requirements fixed by the plan, the provisions of the Act and the regulations thereunder concerning the withdrawal of an employer that is party to a multi-employer pension plan apply, with the necessary modifications. In such case, the following are considered to be affected by the withdrawal:

(1)  active members who cease to be employees eligible for membership in the plan by reason of the decision;

(2)  non-active members who would have ceased to be employees eligible for membership in the plan if they had been active members on the date of the decision;

(3)  beneficiaries whose benefits are derived from those of members who would have ceased to be eligible employees if they had been active members on the date of the decision.

However, where, by reason of the decision referred to in the first paragraph, the members referred to in this paragraph become eligible for another pension plan in the same category, the plan in which they cease to be active members must be the object of an amendment concerning the division of its assets and liabilities. If the person authorized under the plan to make such an amendment fails to do so within 30 days after the pension committee is informed of the decision, the committee must make it. The members and beneficiaries referred to in subparagraphs 1, 2 and 3 of the first paragraph must be included in the division.

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