R-15.1 - Supplemental Pension Plans Act

Section 318.18 Disposition versions

2020-12-11

318.18. A pension plan referred to in Division X of the Regulation respecting the exemption of certain categories of pension plans from the application of provisions of the Supplemental Pension Plans Act (chapter R-15.1, r. 7) may be established in respect of members whose employer is referred to in section 146.101, on the conditions set out in that section and sections 146.102 and 318.15.

Such a pension plan in force on 7 October 2020 is subject to the conditions referred to in the first paragraph. However, if the contribution of an employer that is a party to the plan is, at that date, greater than 55% of the sum of the employer and member contributions prescribed by the plan, including those referred to in section 146.102, for a class of members, the plan is not subject to the requirement set out in section 146.101 with regard to that class of members. The proportion of the contributions that is paid by the employer may not, however, be increased as of that date.

The second paragraph does not apply to a plan referred to in section 318.19.

2020, c. 30, s. 86.