11.1. A simplified pension plan may contain standard provisions and variations thereof that an employer may stipulate with respect to the regular intervals for the collection or the payment of contributions or to one or the other of the matters referred to in section 11.
The employer’s stipulations with respect to the matters referred to in the first paragraph, where such stipulations are compatible with the plan’s standard provisions or variations thereof that have been registered with Retraite Québec, are exempted from the application of sections 19 and 24 of the Act as well as from the provisions of sections 1.1 and 2.1 of the Regulation respecting supplemental pension plans (chapter R-15.1, r. 6) that relate to the registration of an amendment to a plan.
Stipulations that, pursuant to the second paragraph, are exempted from the application of the provisions of the Act or Regulation referred to in this paragraph take effect on the date indicated in a notice that the financial institution shall send to the members and whose contents and method of sending shall be in conformity with the rules provided for in section 26 of the Act. Except in the case provided for in subparagraph 1 of the second paragraph of section 20 of the Act and where the affected members have given consent, such stipulation, where it has the effect of an amendment referred to in subparagraph 29 of the first paragraph of section 10 of the Regulation, applies only to service rendered after the effective date indicated in the notice in respect thereof, and such date may not be prior to the 30th day following:
(1) in the case of a stipulation established by a collective agreement or arbitration award in lieu thereof or rendered compulsory by an order or decree, the effective date of the agreement, award, order or decree;
(2) in all other cases, the date of sending of the notice.