R-15.1 - Supplemental Pension Plans Act

Section 182.2 Disposition versions

2020-12-11

182.2. The members and beneficiaries whose benefits have been paid in accordance with section 182.1 retain, for three years, their status as a member or beneficiary under the plan for the purposes of the provisions relating to the allocation of surplus assets in the event of termination of the plan. They also retain their status, for the same period, in the event of the employer’s bankruptcy or insolvency which, following the employer’s withdrawal from the plan or the termination of the plan, results in a reduction of the members’ or beneficiaries’ benefits.

Whenever the first paragraph must be applied, the notice required under section 207.4 must also state the rules set out in this section.

This section does not apply to target benefit pension plans.

2015, c. 29, s. 41; 2020, c. 30, s. 64.

2016-01-01

182.2. The members and beneficiaries whose benefits have been paid in accordance with section 182.1 retain, for three years, their status as a member or beneficiary under the plan for the purposes of the provisions relating to the allocation of surplus assets in the event of termination of the plan. They also retain their status, for the same period, in the event of the employer’s bankruptcy or insolvency which, following the employer’s withdrawal from the plan or the termination of the plan, results in a reduction of the members’ or beneficiaries’ benefits.

Whenever the first paragraph must be applied, the notice required under section 207.4 must also state the rules set out in this section.

2015, c. 29, s. 41.