R-15.1 - Supplemental Pension Plans Act

Section 146.41 Disposition versions

2016-01-01

146.41. The benefits accrued under a pension plan to a member or beneficiary affected by the withdrawal of an employer from a negotiated contribution plan shall be paid in accordance with sections 236 and 237, which apply with the necessary modifications.

The notice referred to in section 200 must not include the information required under paragraph 2 of that section. However, it must mention, if applicable, the cap referred to in the third paragraph.

Despite sections 20 and 21, the pension plan may provide for a cap on the degree of solvency applicable to the payment of the value of the benefits, such as the cap permitted by section 146.20, in the circumstances described in that section, which applies with the necessary modifications.

2015, c. 7, s. 1; 2015, c. 29, s. 35.

2015-04-02

146.41. The benefits accrued under a pension plan to a member or beneficiary affected by the withdrawal of an employer from a negotiated contribution plan shall be paid in accordance with sections 236 and 237, which apply with the necessary modifications.

The notice referred to in section 200 must, instead of containing the information required under paragraphs 2 to 4 of that section, inform the members and beneficiaries of the terms and conditions for payment of their benefits.

Despite sections 20 and 21, the pension plan may provide for a cap on the degree of solvency applicable to the payment of the value of the benefits, such as the cap permitted by section 146.20, in the circumstances described in that section, which applies with the necessary modifications.

2015, c. 7, s. 1.