R-17 - Act respecting supplemental pension plans

Section 38 Disposition versions

1977-12-31

38. A plan may allow an employee to elect, before the commencement of payment of the deferred annuity prescribed in section 31, to receive wholly or partly in lieu of such annuity

(a)  a deferred annuity reduced or increased by reason of early or deferred retirement, by provision of payment of benefits after his death or by reason of variations of such provision;

(b)  a payment or series of payments by reason of a mental or physical disability.

1965 (1st sess.), c. 25, s. 38.