R-26.2.1 - Act respecting the restructuring of university-sector defined benefit pension plans

Section 20 Disposition versions

2016-06-08

20. The restructuring of a pension plan may be carried out with respect to active members by amending, suspending or abolishing, from 1 January 2016, any benefits other than the normal pension payable under the pension plan in addition to the minimum benefits provided for by the Supplemental Pension Plans Act (chapter R-15.1).

Amendments to the definition of the salary or wages on which the normal pension is based may pertain to service prior to 1 January 2016 and service subsequent to 31 December 2015. However, the accrual rate for the normal pension may only be amended for service subsequent to 31 December 2015.

Despite the first paragraph, amendments pertaining to the automatic indexation of the retirement pension for service prior to 1 January 2016 may only apply to the retirement pensions’s automatic indexation formula. The indexation may be established at zero.

2016, c. 13, s. 20.