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H-5 - Hydro-Québec Act

Section 51
Disposition versions

Full text
51. The retirement fund shall be constituted and maintained by the following contributions and amounts:
(a)  a contribution by each member and a contribution by his employer;
(b)  the assets accumulated under amended by-law number 12 of Hydro-Québec in virtue of the Act to assure pensions to the employees of Hydro-Québec and under this Act;
(c)  the retirement fund handed over to the Company by Montreal Trust Company, under paragraph 10 of section 4 of the Act to establish the Québec Hydro-Electric Commission (1944, chapter 22);
(d)  any retirement fund which may be handed over to the retirement fund of Hydro-Québec pursuant to an agreement.
Should the fund so constituted be or become insufficient to meet the pensions and benefits provided for, the Company shall make good the deficit by one or more special contributions the terms of which it determines.
1965 (1st sess.), c. 33, s. 3; 1978, c. 41, s. 1; 1999, c. 40, s. 145.
51. The retirement fund shall be constituted and maintained by the following contributions and amounts:
(a)  a contribution by each member and a contribution by his employer;
(b)  the assets accumulated under amended by-law number 12 of Hydro-Québec in virtue of the Act to assure pensions to the employees of Hydro-Québec and under this act;
(c)  the retirement fund handed over to the Corporation by Montreal Trust Company, under paragraph 10 of section 4 of the Act to establish the Québec Hydro-Electric Commission (1944, chapter 22);
(d)  any retirement fund which may be handed over to the retirement fund of Hydro-Québec pursuant to an agreement.
Should the fund so constituted be or become insufficient to meet the pensions and benefits provided for, the Corporation shall make good the deficit by one or more special contributions the terms of which it determines.
1965 (1st sess.), c. 33, s. 3; 1978, c. 41, s. 1.
51. The retirement fund shall be constituted and maintained by the following contributions and amounts:
(a)  a contribution by each member and a contribution by his employer;
(b)  the assets accumulated under amended by-law number 12 of Hydro-Québec in virtue of the Act to assure pensions to the employees of Hydro-Québec and under this act;
(c)  the retirement fund handed over to the Commission by Montreal Trust Company, under paragraph 10 of section 4 of the Act to establish the Québec Hydro-Electric Commission (1944, chapter 22);
(d)  any retirement fund which may be handed over to the retirement fund of Hydro-Québec pursuant to an agreement.
Should the fund so constituted be or become insufficient to meet the pensions and benefits provided for, the Commission shall make good the deficit by one or more special contributions the terms of which it determines.
1965 (1st sess.), c. 33, s. 3.
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