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R-15.1 - Supplemental Pension Plans Act
Section 162.1
Disposition versions
162.1. The pension committee compensates members who sustain a loss in the performance of their duties and who have committed no fault.
If a member has committed a fault other than a deliberate or gross fault and is covered by liability insurance, the committee may compensate up to the amount of the deductible. Before making a decision, the committee must take the adverse effect of the compensation on the financial interests of the pension assets and other circumstances into consideration.
162.1. The pension committee compensates members who sustain a loss in the performance of their duties and who have committed no fault.
If a member has committed a fault other than a deliberate or gross fault and is covered by liability insurance, the committee may compensate up to the amount of the deductible. Before making a decision, the committee must take the adverse effect of the fault on the financial interests of the pension assets and other circumstances into consideration.
