R-15.1, r. 3 - Regulation to provide a framework for settlement of the benefits of members and beneficiaries of plans covered by subdivision 4.0.1 of Division II of Chapter XIII of the Supplemental Pension Plans Act and for administration by Retraite Québec of certain pensions paid out of the assets of the plans

Section 17 Disposition versions

2020-12-11

17. In the case of a plan termination, the statement of benefits is the statement referred to in section 207.3 of the Act, with the following modifications:

(1)  the payment methods that must be indicated in accordance with subparagraph 1 of the first paragraph of this section must include, for each member or beneficiary to whom a pension is being paid on the date of termination, the payment methods provided for under section 230.0.0.3 of the Act;

(2)  the time allotted under the second paragraph of section 15 must be indicated instead of the date mentioned in subparagraph 4 of section 207.3 of the Act;

(3)  the mention that, where the member or beneficiary to whom a pension is being paid on the date of the termination fails to request to have his or her benefits transferred to a pension plan referred to in section 98 of the Act, or to have his or her pension paid out of the assets administered by Retraite Québec within the time allotted under the second paragraph of section 15, his or her benefits will be paid by an insurer according to the conditions prescribed by regulation and chosen by the pension committee.

O.C. 863-2010, s. 17; O.C. 426-2019, s. 7; S.Q. 2020, c. 30, s. 92.

2019-05-16

17. In the case of a plan termination, the statement of benefits is the statement referred to in section 207.3 of the Act, with the following modifications:

(1)  the payment methods that must be indicated in accordance with subparagraph 1 of the first paragraph of this section must include, for each member or beneficiary to whom a pension is being paid on the date of termination, the payment methods provided for under section 230.0.0.3 of the Act;

(2)  the time allotted under the second paragraph of section 15 must be indicated instead of the date mentioned in subparagraph 4 of section 207.3 of the Act;

(3)  the mention that, where the member or beneficiary to whom a pension is being paid on the date of the termination fails to request that his or her pension be paid out of the assets administered by Retraite Québec within the time allotted under the second paragraph of section 15, his or her benefits will be paid by an insurer according to the conditions prescribed by regulation and chosen by the pension committee.

O.C. 863-2010, s. 17; O.C. 426-2019, s. 7.

2016-01-01

17. For a plan termination, the statement of benefits is the statement referred to in section 207.3 of the Act, with the following modifications:

(1)  in subparagraph 1 of the first paragraph of that section, for each member or beneficiary to whom section 230.0.0.2 or 230.0.0.3 of the Act applies, the method of payment provided for in the section applicable to the member or beneficiary must be added; and

(2)  the time that is set out in the second paragraph of section 15 must be indicated instead of the time mentioned in subparagraph 4 of that paragraph.

The statement must also state that if no choice is received by the pension committee before the expiry of the time set out in the second paragraph of section 15, the method of payment of the member’s or beneficiary’s benefits will be:

(1)  for a member or beneficiary to whom a pension is being paid at the date of termination, a pension paid out of the assets administered by Retraite Québec under section 230.0.0.4 of the Act; or

(2)  for any other member or beneficiary, a transfer referred to in section 236 of the Act to an instrument designated in the statement.

O.C. 863-2010, s. 17.

2012-09-01

17. For a plan termination, the statement of benefits is the statement referred to in section 207.3 of the Act, with the following modifications:

(1)  in subparagraph 1 of the first paragraph of that section, for each member or beneficiary to whom section 230.0.0.2 or 230.0.0.3 of the Act applies, the method of payment provided for in the section applicable to the member or beneficiary must be added; and

(2)  the time that is set out in the second paragraph of section 15 must be indicated instead of the time mentioned in subparagraph 4 of that paragraph.

The statement must also state that if no choice is received by the pension committee before the expiry of the time set out in the second paragraph of section 15, the method of payment of the member’s or beneficiary’s benefits will be:

(1)  for a member or beneficiary to whom a pension is being paid at the date of termination, a pension paid out of the assets administered by the Régie under section 230.0.0.4 of the Act; or

(2)  for any other member or beneficiary, a transfer referred to in section 236 of the Act to an instrument designated in the statement.

O.C. 863-2010, s. 17.