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

Section 79 Disposition versions

2016-06-08

79. For the purposes of this Act, members and beneficiaries who began receiving a pension during the period beginning after 31 December 2014 and ending before 11 November 2015 and members who entered into a retirement agreement with their employer before the latter date providing for the payment of their pension within 12 months after that date are considered members who are retired on 31 December 2014.

Active members who entered into a phased departure agreement with their employer before 11 November 2015 that has a maximum term of five years after that date and provides for the reduction of their work time by at least 20% for the duration of the agreement and their retirement at the end of the agreement are also considered members who are retired on 31 December 2014.

However, members referred to in subparagraph 2 of the first paragraph of section 67.3 of the Supplemental Pension Plans Act (chapter R-15.1) who, on 31 December 2014, are receiving phased retirement benefits under subdivision 0.1 of Division III of Chapter VI of that Act are not considered members who are retired on that date unless the agreement to that effect entered into with the employer before 11 November 2015 includes the conditions set out in the second paragraph.

2016, c. 13, s. 79.