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 97 Disposition versions

2024-11-21

97. No more than 30 days after the date of the report on the actuarial valuation, the pension committee must inform the active members of any ensuing change to the member contribution. To do so, a notice is sent to each accredited association representing members, as well as to each member not represented by such an association, informing them that the change will take effect without further consultation according to the conditions provided for in the second paragraph of section 74.

Despite the foregoing, a pension plan may provide that the active members can elect to have the pension credit adjusted in lieu of a change to the member contribution. In such a case, the notice provided for in the first paragraph must indicate that the members must express their opinion on the proposed change to the member contribution and that the pension credit is to be adjusted accordingly for each accredited association or each group of unrepresented members that does not accept the proposal. The rules provided for in sections 146.4 and 146.5 of the Act apply to the consultation, with the necessary modifications.

The amendments to be made to the plan further to the decision of the active members are made without further consultation.

O.C. 1535-2024, s. 27.