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R-15.1, r. 6.1 - Regulation respecting supplemental pension plans affected by the arrangement regarding AbitibiBowater Inc. under the Companies’ Creditors Arrangement Act
Section 46.1
Disposition versions
46.1. The option of having a pension paid out of the assets administered by Retraite Québec under section 230.0.0.4 of the Act shall be offered to each member and beneficiary to whom, on 31 August of a given year, a pension is being paid under the plan since at least 1 January of that year.
The pension paid by Retraite Québec is the pension, in relation with service prior to 1 January 2011, reduced according to the degree of solvency of the affected component of the pension plan as at 31 December of the year for which the payment option is chosen.
The assets over which Retraite Québec exercises its powers under the provisions of subdivision 4.0.1 of Division II of Chapter XIII of the Act are the assets of the plan that correspond to the part of the benefits of the members and beneficiaries who have opted to have a pension paid by Retraite Québec that represents the value of the pension referred to in the second paragraph.
46.1. The option of having a pension paid out of the assets administered by the Régie under section 230.0.0.4 of the Act shall be offered to each member and beneficiary to whom, on 31 August of a given year, a pension is being paid under the plan since at least 1 January of that year.
The pension paid by the Régie is the pension, in relation with service prior to 1 January 2011, reduced according to the degree of solvency of the affected component of the pension plan as at 31 December of the year for which the payment option is chosen.
The assets over which the Régie exercises its powers under the provisions of subdivision 4.0.1 of Division II of Chapter XIII of the Act are the assets of the plan that correspond to the part of the benefits of the members and beneficiaries who have opted to have a pension paid by the Régie that represents the value of the pension referred to in the second paragraph.
