R-15.1 - Supplemental Pension Plans Act

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146.9.1.5. The surplus assets appropriated for the benefit of non-active members and beneficiaries, in proportion to the plan’s liabilities, determined on a funding basis, that relate to their benefits, may not exceed the surplus assets appropriated for the benefit of active members, in proportion to the plan’s liabilities, determined on a funding basis, that relate to their benefits.
In addition, such an appropriation may not result in any disparities between members or beneficiaries of the same group.
2020, c. 302020, c. 30, s. 51.