S-2.1.1 - Act to foster the financial health and sustainability of municipal defined benefit pension plans

Section 62 Disposition versions

2015-04-02

62. For the purposes of this Act, members who have begun receiving a retirement pension or those who filed an application with the plan administrator for that purpose between 1 January 2014 and 12 June 2014 are considered members who are retired on 31 December 2013.

Any person who ceases to be a member of a pension plan during the same period is entitled to the transfer or reimbursement, as applicable, of the benefits accumulated by the member under the plan, established without reference to the amendments to be made to any pension plan under Chapter II of this Act.

Furthermore, the death benefits provided for in section 86 of the Supplemental Pension Plans Act (chapter R-15.1) to which the spouse or successors of a person who dies during the same period are entitled are established without reference to those amendments.

2014, c. 15, s. 62; 2015, c. 7, s. 4.

2014-12-05

62. For the purposes of this Act, members who have begun receiving a retirement pension or those who filed an application with the plan administrator for that purpose between 1 January 2014 and 12 June 2014 are considered members who are retired on 31 December 2013.

2014, c. 15, s. 62.