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R-15.1, r. 7 - Regulation respecting the exemption of certain categories of pension plans from the application of provisions of the Supplemental Pension Plans Act
Section 29
Disposition versions
29. In addition to the requirements prescribed in section 14 of the Act, the text of a flexible pension plan shall provide as follows:
(1) the right of members to pay optional ancillary contributions to the plan as well as the conditions and time periods applicable to such right;
(2) the nature of the optional ancillary benefits that the member may choose, the methods and time periods applicable to such choice as well as the method for calculating such benefits and the conditions applicable to their formation;
(3) the rights of the member arising from the optional ancillary contributions that he has paid are limited to the value of the optional ancillary benefits which, under the provisions of the plan, are recognized for him.
The plan text shall also contain, on its title page or cover or within the introductory provisions of the plan, the following mention: “Flexible pension plan exempted from the application of certain provisions of the Supplemental Pension Plans Act”.
