R-15.1 - Supplemental Pension Plans Act

Section 147 Disposition versions

2001-01-01

147. Every pension plan shall, from its registration, be administered by a pension committee composed of at least one member, designated as and when provided in the pension plan, who is neither a party to the plan nor a third person to whom, under section 176, a loan may not be granted, and the following members:

(1)  one member designated by the active members at the meeting held pursuant to section 166 or, in the absence of such a designation, one plan member designated as and when provided in the plan; and

(2)  one member designated by the non-active members and beneficiaries at that meeting or, in the absence of such a designation, one plan member or beneficiary designated as and when provided in the plan.

1989, c. 38, s. 147; 2000, c. 41, s. 85.

1999-04-01

147. Every pension plan shall, from its registration, be administered by a pension committee composed of at least

(1)  two plan members designated on the conditions and within the time limits set out in the plan or, if so decided by the plan members at the meeting held pursuant to section 166,

 — one member designated by the active members and one member designated by the non-active members; or

 — one member designated by either group of plan members and one member designated on the conditions and within the time limits set out in the plan;

(2)  one member designated on the conditions and within the time limits set out in the plan who is neither a party to the plan or a third person to whom a prohibition as to the granting of loans under section 176 applies.

1989, c. 38, s. 147.