R-15.1 - Supplemental Pension Plans Act

Section 154 Disposition versions

2006-12-13

154. The pension committee is accountable for the person to whom it has delegated powers if, among other things, it was not authorized to do so; if it was so authorized, it is accountable only for the care with which it selected the delegatee and gave him instructions.

Service providers and representatives who exercise a discretionary power belonging to the pension committee are considered to be delegatees.

1989, c. 38, s. 154; 1994, c. 24, s. 11; 2006, c. 42, s. 22.

1994-06-17

154. The pension committee is accountable for the person to whom it has delegated powers if, among other things, it was not authorized to do so; if it was so authorized, it is accountable only for the care with which it selected the delegatee and gave him instructions.

1989, c. 38, s. 154; 1994, c. 24, s. 11.

1990-01-01

154. The pension committee shall not be liable for any act or omission of the person or body to whom or which it has delegated powers unless

(1)  it knew or should have known that he or it did not possess the required skill;

(2)  it was not empowered to make a valid delegation of such powers;

(3)  it consented to, or ratified, such acts or omissions.

1989, c. 38, s. 154.