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S-30.01 - Act respecting public transit authorities

Section 71
Disposition versions

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71. A transit authority may establish, participate in and contribute to employment benefit programs on behalf of its employees, their spouses and children. The transit authority may pay premiums for them accordingly.
Those programs may consist of relief or retirement funds, pension plans or group insurance plans and may vary according to whether they apply to senior staff members or employees. The Supplemental Pension Plans Act (chapter R-15.1) applies to retirement funds and pension plans. Relief funds must be approved by the Autorité des marchés financiers.
The renewal of any contract referred to in this section including a group insurance plan is subject to no awarding formality under this Act.
2001, c. 23, s. 71; 2002, c. 45, s. 702; 2004, c. 37, s. 90.
71. A transit authority may establish, participate in and contribute to employment benefit programs on behalf of its employees, their spouses and children. The transit authority may pay premiums for them accordingly.
Those programs may consist of relief or retirement funds, pension plans or group insurance plans and may vary according to whether they apply to senior staff members or employees. The Supplemental Pension Plans Act (chapter R-15.1) applies to retirement funds and pension plans. Relief funds must be approved by the Agence nationale d’encadrement du secteur financier.
The renewal of any contract referred to in this section including a group insurance plan is subject to no awarding formality under this Act.
2001, c. 23, s. 71; 2002, c. 45, s. 702.
71. A transit authority may establish, participate in and contribute to employment benefit programs on behalf of its employees, their spouses and children. The transit authority may pay premiums for them accordingly.
Those programs may consist of relief or retirement funds, pension plans or group insurance plans and may vary according to whether they apply to senior staff members or employees. The Supplemental Pension Plans Act (chapter R-15.1) applies to retirement funds and pension plans. Relief funds must be approved by the Inspector General of Financial Institutions.
The renewal of any contract referred to in this section including a group insurance plan is subject to no awarding formality under this Act.
2001, c. 23, s. 71.
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