R-15.1 - Supplemental Pension Plans Act

Section 230.3 Disposition versions

2016-01-01

230.3. (Replaced).

1992, c. 60, s. 34; 2000, c. 41, s. 140; 2015, c. 29, s. 62.

2001-01-01

230.3. If the employer fails to send a draft agreement to the pension committee and to the Régie in accordance with section 230.2, the employer is deemed to have waived entitlement to surplus assets. The surplus assets hence accrue to the members and beneficiaries and shall be distributed among them proportionately to the value of their accrued benefits.

This section does not apply if the members and beneficiaries agreed to arbitration before the date referred to in the first paragraph of section 230.2 or if the pension plan was established pursuant to a collective agreement, an arbitration award in lieu thereof or an order or decree which rendered such an agreement compulsory.

1992, c. 60, s. 34; 2000, c. 41, s. 140.

1993-01-01

230.3. If the employer fails to send a draft agreement to the pension committee within the time and containing the indications prescribed in the first paragraph of section 230.2 and in the regulations, the employer shall be bound, to the extent to be determined by the arbitrator or arbitrators in view of the circumstances of such a failure, to pay the expenses and fees payable by the members and beneficiaries with respect to any arbitration which may follow and which relates to the surplus. This section shall not apply, however, where the members and beneficiaries have agreed to have recourse to arbitration before the end of the six-month period.

1992, c. 60, s. 34.