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R-17.0.1 - Voluntary Retirement Savings Plans Act

Section 56
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56. A member may, at any time, change his or her contribution to the plan. However, an employee who is a member of a plan provided by his or her employer may not change the contribution more than twice per 12-month period, unless the employer agrees that the member do so more often. A member may also, on the conditions determined by regulation, set his or her rate of contribution at 0%.
An employer has 30 days in which to give effect to a member’s request.
An employer must remit to the administrator the contributions collected and those the employer agreed to pay before receiving a member’s request.
2013, c. 26, s. 56.
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