R-15.1 - Supplemental Pension Plans Act

Section 288.1 Disposition versions

2018-02-22

288.1. The provisions of any defined benefit pension plan that are in force on 31 December 2015 and that pertain to the allocation of surplus assets apply, as of 1 January 2016, to the balance of surplus assets referred to in subparagraph 16 of the second paragraph of section 14.

1992, c. 60, s. 48; 2000, c. 41, s. 203; 2015, c. 29, s. 72; 2018, c. 2, s. 126.

2016-01-01

288.1. The provisions of any defined contribution pension plan that are in force on 31 December 2015 and that pertain to the allocation or appropriation of surplus assets apply, as of 1 January 2016, to the balance of surplus assets referred to in subparagraphs 16 and 17 of the second paragraph of section 14.

1992, c. 60, s. 48; 2000, c. 41, s. 203; 2015, c. 29, s. 72.

2001-01-01

288.1. The provisions of subparagraph 16 of the second paragraph of section 14 are not applicable to pension plans in force on 1 January 1993.

However, subject to any contrary provision of an agreement or arbitration award referred to in section 230.1, where such a plan does not specify to whom the surplus assets determined at the time of termination are to be allocated, only the members and beneficiaries shall be entitled thereto.

1992, c. 60, s. 48; 2000, c. 41, s. 203.

1999-04-01

288.1. The provisions of subparagraph 16 of the second paragraph of section 14 are not applicable to pension plans in force on 1 January 1993.

However, subject to any contrary provision of an agreement or arbitration award referred to in section 230.1, where such a plan does not specify to whom the surplus assets determined at the time of total termination are to be allocated, only the members and beneficiaries shall be entitled thereto.

1992, c. 60, s. 48.