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 25.5.3 Disposition versions

2015-05-14

25.5.3. Where instructions were given under section 25.5.1 in respect of a pension plan, the provisions of section 143, the second paragraph of section 144 and sections 145 and 145.1 of the Act apply, notwithstanding section 21, for the purposes of the payment in full of the benefits of a member or a beneficiary. A payment made in accordance with this section constitutes a full discharge of the benefits of a member or beneficiary.

However, the payment conditions provided for in the first paragraph do no apply to the payment in full of the benefits of a member who requested the transfer of his benefits before 14 May 2015 nor to the payment in full of the benefits of a member who, on that date, meets the conditions provided for in the second paragraph of section 99 of the Act in order to exercise the right to transfer.

O.C. 345-2015, s. 2.