R-15.1 - Supplemental Pension Plans Act

Section 113 Disposition versions

2001-01-01

113. Within 60 days after the date on which the pension committee is informed that a member has ceased to be an active member, it shall provide to the member, or to any other person entitled to a refund or pension benefit, a statement setting out the information prescribed by regulation and specifying, as of the date of the event giving entitlement thereto, the amount of the refund or the nature and value of the benefit, and the nature of and the requirements for entitlement to other benefits provided under the plan.

In addition, within 60 days of a written request therefor, the pension committee shall, without charge, provide the member with the aforementioned statement, updated on the basis of the most recent data available; the updating shall include a new determination of the value of the member’s benefits only where the member may exercise the right of transfer provided for in section 98.

Moreover, within 30 days of a written request therefor, the pension committee shall, without charge, provide the member with the data used to prepare the statement or to update it, in particular the data used to calculate the benefits to which he is entitled.

1989, c. 38, s. 113; 2000, c. 41, s. 74.

1999-04-01

113. Within 60 days after the date on which the pension committee is informed that a member has ceased to be an active member, it shall provide to the member, or to any other person entitled to a refund or pension benefit, a statement setting out the information prescribed by regulation and specifying, as of the date of the event giving entitlement thereto, the amount of the refund or the nature and value of the benefit, and the nature of and the requirements for entitlement to other benefits provided under the plan. If the pension committee has determined the value of the member’s pension benefits on the basis of an insurance proposal as permitted by the second paragraph of section 61, it shall accompany the statement with a notice informing the member that the insurance proposal may be examined at the office of the pension committee within 180 days after the date he ceases to be an active member.

In addition, within 60 days of a written request therefor, the pension committee shall, without charge, provide the member with the aforementioned statement, updated on the basis of the most recent data available; the updating shall include a new determination of the value of the member’s benefits only where the member may exercise the right of transfer provided for in section 98.

Moreover, within 30 days of a written request therefor, the pension committee shall, without charge, provide the member with the data used to prepare the statement or to update it, in particular the data used to calculate the benefits to which he is entitled.

1989, c. 38, s. 113.