R-17.0.1, r. 3 - Regulation respecting voluntary retirement savings plans

Section 4 Disposition versions

2014-07-01

4. For the purposes of section 4 of the Act, the plan text must contain the following information:

(1)  the rights and obligations of the employer and the plan members provided for under the Act as well as the rights and obligations of the administrator in respect of them;

(2)  the name of each investment option offered as well as the respective targets for the distribution of assets, where applicable;

(3)  for each investment option, the percentage of the fees determined in accordance with section 17;

(4)  each of the fees referred to in the second paragraph of section 18, with the exception of the fees referred to in subparagraphs 3 and 5 of that paragraph;

(5)  the transfer costs imposed on the employer in accordance with the first paragraph of section 50 of the Act;

(6)  the frequency at which the investment options chosen by a plan member can be changed;

(7)  where the administrator provides a statement showing changes in the account more often than the frequency provided for in paragraph 1 of section 95 of the Act, the frequency at which the statement is issued;

(8)  the requirements a member must meet to be entitled to a transfer or refund of his account, and the frequency at which he may make such a request;

(9)  where applicable, the conditions whereby and time limits within which the member or his spouse can receive variable payments.

O.C. 499-2014, s. 4.