202. Within 60 days after the application for registration is filed with Retraite Québec, the pension committee shall require the withdrawing employer to pay any contribution the employer has failed to pay into the pension fund or, as the case may be, to the insurer.
Within the same time or within such additional time as Retraite Québec may grant, the pension committee shall file with Retraite Québec a report establishing the benefits accrued to each member and beneficiary affected and the value thereof, and containing the information prescribed by regulation. The report must be prepared by an actuary; in the case of a plan referred to in paragraph 2 of section 116, it can be prepared by the pension committee. The value of the benefits accrued to the members and beneficiaries must be determined at the effective date of the amendment allowing for the withdrawal of the employer or, with the authorization of and subject to the conditions determined by Retraite Québec, at the date of the next full actuarial valuation of the plan.
If, within the time prescribed in the second paragraph, the pension committee sends a notice to Retraite Québec certifying that the employer has paid all unpaid contributions in full and, where Chapter X applies to the pension plan, a declaration of an actuary attesting that the plan is solvent at the effective date of the amendment, the pension committee is dispensed from filing the report provided for in the second paragraph.
1989, c. 38, s. 202; 1992, c. 60, s. 18; 2000, c. 41, s. 114; 2015, c. 20, s. 61.