R-15.1 - Supplemental Pension Plans Act

Section 144 Disposition versions

2010-01-01

144. The actuary responsible for preparing the actuarial valuation report of the pension plan must determine whether the payment of the benefits that are transferable under an agreement referred to in section 106 could reduce the degree of solvency of the plan or, where that degree exceeds 100%, reduce it to a percentage lower than 100%.

If so, the payment of benefits is permitted only in the proportion fixed by the actuary to avoid such a consequence.

1989, c. 38, s. 144; 2006, c. 42, s. 11.

1990-01-01

144. The value of the benefits which, pursuant to section 142 or 143, cannot be paid may be paid up to 5% of the Maximum Pensionable Earnings established under the Act respecting the Québec Pension Plan (chapter R-9) for the year during which the payment is to be made; the total amounts so paid since the last actuarial valuation to ascertain the solvency of the pension plan shall not, however, exceed 5% of the assets determined at the time of the actuarial valuation.

1989, c. 38, s. 144.