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 95 Disposition versions

2024-11-21

95. If the plan allows the benefits to be maintained in the plan in the case of the withdrawal of an employer or has benefits maintained in the plan, all reports related to an actuarial valuation of the plan must indicate the criteria established by the funding policy, in accordance with section 105 and determine, at the date of the actuarial valuation, whether such maintenance of benefits may be offered in the case of withdrawal of an employer and if wound-up benefits, in accordance with Subdivision 13 of this Division, must be maintained in the plan, where applicable.

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

2016-01-01

95. Retraite Québec may not authorize:

(1)  the division of the assets and liabilities of a member-funded pension plan among several plans where one or more of those plans do not belong to that category;

(2)  the merger of the assets and liabilities of a member-funded pension plan with those of a plan that does not belong to that category.

Where the assets and liabilities of a pension plan are divided and the plan was partially funded at the date of the division and where one or the other of the plans whose assets and liabilities are merged was partially funded at the date of the merger, the unfunded actuarial liability affecting any plan arising from such operation is considered to be a continuation of the unfunded liability previously determined and must be amortized within the period that remained for the amortization of such unfunded liability.

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

2012-09-01

95. The Régie may not authorize:

(1)  the division of the assets and liabilities of a member-funded pension plan among several plans where one or more of those plans do not belong to that category;

(2)  the merger of the assets and liabilities of a member-funded pension plan with those of a plan that does not belong to that category.

Where the assets and liabilities of a pension plan are divided and the plan was partially funded at the date of the division and where one or the other of the plans whose assets and liabilities are merged was partially funded at the date of the merger, the unfunded actuarial liability affecting any plan arising from such operation is considered to be a continuation of the unfunded liability previously determined and must be amortized within the period that remained for the amortization of such unfunded liability.

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