39.1. Notwithstanding section 39, Retraite Québec may authorize an employer that is a party to a plan other than a target benefit plan, to the extent and for the period determined by Retraite Québec, to pay a lesser contribution into the pension fund than would otherwise be required if
(1) the pension plan is a designated plan within the meaning of section 8515 of the Income Tax Regulations (C.R.C., c. 945) on the date on which the amount of contribution to be paid is determined;
(2) the said Regulations exclude the payment as an eligible contribution of all or part of the contribution that should be paid by the employer pursuant to section 39; and
(3) all members and beneficiaries agree thereto.
The agreement referred to in subparagraph 3 of the first paragraph is not required if the contribution reduction is less than or equal to the sum of the current service stabilization contribution and the stabilization amortization payment.
2000, c. 41, s. 22; 2006, c. 42, s. 6; 2015, c. 20, s. 61; 2015, c. 29, s. 10; 2020, c. 30, s. 101.