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R-15.1 - Supplemental Pension Plans Act

Section 209
Disposition versions

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209. Sections 216 and 218 do not apply to the payment in full of the benefits of members or beneficiaries affected by the withdrawal of an employer from a multi-employer pension plan or by the termination of a pension plan where the value of the plan assets is equal to or greater than the value of its liabilities, both values being established in accordance with this chapter at the date of termination. If the plan assets nevertheless do not permit payment in full of the benefits of the members and beneficiaries affected, the payment shall be proportional to the value of their accrued benefits.
1989, c. 38, s. 209; 2000, c. 41, s. 116.
209. Sections 215, 216 and 218 do not apply to the payment of the benefits of members or beneficiaries affected by the total or partial termination of a pension plan if, on the date of termination, the degree of solvency of the plan is equal to or greater than 100 %.
1989, c. 38, s. 209.
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