38.2. The components of the plan are governed by the Act and this Regulation with regard to funding, asset investment, appropriation of any surplus assets, division and merger, and payment of members’ and beneficiaries’ benefits, as though they were 2 separate pension plans.
However, for the purposes of section 60 of the Act, the plan must be considered as a single pension plan.
Member contributions above the limit set by section 60 of the Act must be apportioned in proportion to the value of the benefits accrued in each component of the pension plan.
O.C. 1203-2013, s. 1; S.Q. 2016, c. 13, s. 71.