188. The Régie, where it assumes the provisional administration of all or part of the pension plan, or the provisional administrator designated by it may amend the plan to bring it into conformity with the law or to protect the rights of members or beneficiaries.
Before amending the plan, the Régie shall give the employer and the members or, in the case of a plan established under a collective agreement or an arbitration award in lieu thereof, every employees’ association representing members an opportunity to present observations. The Régie shall register every amendment made under this section.
Where the designated provisional administrator proposes to amend the pension plan, he shall, before amending the plan, transmit the notice provided for in section 26 to the pension committee, to the employer and to the members and, in the case of a plan established under a collective agreement or an arbitration award in lieu thereof, to every employees’ association representing members. In that case, the Régie may, in addition to the grounds set out in section 28, refuse to register the amendment applied for if it is of the opinion that the amendment is not in the interest of the members or beneficiaries.
1989, c. 38, s. 188; 1997, c. 43, s. 653.