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R-17.0.1, r. 3 - Regulation respecting voluntary retirement savings plans

Section 21
Disposition versions

Full text
21. For the purposes of section 50 of the Act, where the employer changes voluntary retirement savings plans, the plan member may elect to leave the amounts he has accrued in the plan or transfer the amounts to the new plan.
Further to such a change in plans, the member’s new contributions are paid into the new plan.
Where the employer has not paid the costs mentioned in the first paragraph of section 50 of the Act, the plan administrator is not required to carry out the transfer.
O.C. 499-2014, s. 21.
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