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 78 Disposition versions

2017-09-21

78. No more than 30 days after the date on which the report on the actuarial valuation is produced, the pension committee shall 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 80.

However, a plan may provide that the active members can elect to have the pension credit adjusted in lieu of a change to the contribution rate. 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 concerning consultations provided for in section 74 or 75 apply, 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. 159-2007, s. 5; O.C. 833-2017, s. 8.

2012-09-01

78. The pension committee shall inform the active members of any change in the amount of the member contribution by providing to each member a written notice indicating the effective date of the change as well as the new contribution or the method for its calculation. The notice shall be provided no later than 30 days following the date on which collection of the new contribution begins.

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