R-15.1 - Supplemental Pension Plans Act

Section 318.19 Disposition versions

2020-12-11

318.19. A pension plan referred to in the first paragraph of section 318.18 the establishment of which was the subject of an agreement before 7 October 2020 may come into force, as regards the classes of members covered by the agreement, on a date prior to 11 December 2020, but not prior to 1 January 2016. For the purposes of sections 318.20 and 318.21, such a plan is said to be the “new plan” and the defined benefit plan in force before the date of coming into force of the new plan is said to be the “former plan”.

A plan referred to in the first paragraph must be brought into conformity with the rule set out in section 146.101 not later than 31 December 2023.

2020, c. 30, s. 86.