R-9.3 - Act respecting the Pension Plan of Elected Municipal Officers

Section 70.2 Disposition versions

2016-01-01

70.2. The committee is responsible for

(1)  receiving for examination the reports on the actuarial valuation of the plan;

(2)  approving the financial statements of the plan within 30 days after receiving the recommendation of the audit committee of Retraite Québec’s board of directors;

(2.1)  receiving for examination Retraite Québec’s plan of action for the plan, and reporting on it to Retraite Québec;

(3)  establishing, jointly with the Caisse de dépôt et placement du Québec, an investment policy in respect of the funds derived from the contributions of the members and the municipalities paid under the plan ;

(4)  appointing an independent actuary who will be responsible for reporting to the Minister on the validity of the assumptions on which the actuarial valuation of the plan is based ;

(5)  proposing to the Minister terms and conditions in respect of transfers between the plan and other plans ;

(6)  (paragraph repealed);

(7)  advising the Minister and Retraite Québec, and submitting recommendations concerning the implementation of the plan ;

(8)  designating the members of the review committee established under section 72.

For the purposes of subparagraph 2 of the first paragraph, the financial statements of the plan must be signed by two members of the pension committee, one of whom represents the participants and beneficiaries and the other, the Government. If the financial statements are not approved by the committee within the time prescribed in that subparagraph, Retraite Québec’s board of directors must approve them.

2001, c. 25, s. 168; 2006, c. 49, s. 82; 2008, c. 18, s. 99; 2015, c. 20, s. 61.

2008-06-12

70.2. The committee is responsible for

(1)  receiving for examination the reports on the actuarial valuation of the plan;

(2)  approving the financial statements of the plan within 30 days after receiving the recommendation of the audit committee of the Commission’s board of directors;

(2.1)  receiving for examination the Commission’s plan of action for the plan, and reporting on it to the Commission;

(3)  establishing, jointly with the Caisse de dépôt et placement du Québec, an investment policy in respect of the funds derived from the contributions of the members and the municipalities paid under the plan ;

(4)  appointing an independent actuary who will be responsible for reporting to the Minister on the validity of the assumptions on which the actuarial valuation of the plan is based ;

(5)  proposing to the Minister terms and conditions in respect of transfers between the plan and other plans ;

(6)  (paragraph repealed);

(7)  advising the Minister and the Commission, and submitting recommendations concerning the implementation of the plan ;

(8)  designating the members of the review committee established under section 72.

For the purposes of subparagraph 2 of the first paragraph, the financial statements of the plan must be signed by two members of the pension committee, one of whom represents the participants and beneficiaries and the other, the Government. If the financial statements are not approved by the committee within the time prescribed in that subparagraph, the Commission’s board of directors must approve them.

2001, c. 25, s. 168; 2006, c. 49, s. 82; 2008, c. 18, s. 99.

2007-06-01

70.2. The committee is responsible for

(1)  receiving the reports on the actuarial valuation of the plan;

(2)  receiving the draft financial statements of the plan for review and reporting on them to the Commission, and receiving the Auditor General’s report on the plan, for review;

(3)  establishing, jointly with the Caisse de dépôt et placement du Québec, an investment policy in respect of the funds derived from the contributions of the members and the municipalities paid under the plan ;

(4)  appointing an independent actuary who will be responsible for reporting to the Minister on the validity of the assumptions on which the actuarial valuation of the plan is based ;

(5)  proposing to the Minister terms and conditions in respect of transfers between the plan and other plans ;

(6)  requiring from the Commission studies concerning the administration of the plan to the extent that the administrative expenses of the plan are not affected ;

(7)  advising the Minister and the Commission, and submitting recommendations concerning the implementation of the plan ;

(8)  designating the members of the review committee established under section 72.

2001, c. 25, s. 168; 2006, c. 49, s. 82.

2001-06-21

70.2. The committee is responsible for

(1)  receiving the budget of the Commission pertaining to the administration of the plan and reports on the actuarial valuation of the plan ;

(2)  receiving, for review and report to the Commission, the draft financial statements of the plan ;

(3)  establishing, jointly with the Caisse de dépôt et placement du Québec, an investment policy in respect of the funds derived from the contributions of the members and the municipalities paid under the plan ;

(4)  appointing an independent actuary who will be responsible for reporting to the Minister on the validity of the assumptions on which the actuarial valuation of the plan is based ;

(5)  proposing to the Minister terms and conditions in respect of transfers between the plan and other plans ;

(6)  requiring from the Commission studies concerning the administration of the plan to the extent that the administrative expenses of the plan are not affected ;

(7)  advising the Minister and the Commission, and submitting recommendations concerning the implementation of the plan ;

(8)  designating the members of the review committee established under section 72.

2001, c. 25, s. 168.