R-15.1, r. 6 - Regulation respecting supplemental pension plans

Article 15.5 Versions de la disposition

2025-01-01

15.5. Where a pension plan provides for the payment, as a life income, of the variable benefits referred to in section 90.1 of the Act, the following rules apply:

1°  the member or spouse sets for each year the amount of the life income to be received as variable benefits or, if the member or spouse is 55 years of age or over and applies therefor, the amount of the payment in one or more instalments to be received as such;

2°  the maximum income amount paid as life income to a member or spouse under 55 years of age is set in in accordance with sections 20 and 20.1, which apply with the necessary modifications;

3°  the amount of the life income that may be provided with the sums held by a member or spouse 55 years of age or over is estimated in accordance with section 20.0.1, which applies with the necessary modifications;

4°  despite the amount of the life income referred to in paragraph 3, all or part of the funds held by a member or spouse 55 years of age or over may, on request to the pension committee made any time during a year, be paid in one or more instalments.

Payment referred to in subparagraph 4 of the first paragraph must be made, as applicable, regardless of the amount of variable benefits determined or received by the member or spouse for the current year as life income or of the payment in one or more instalments.

D. 1183-2017, s. 13; D. 942-2024, s. 1.

2018-01-04

15.5. Where a pension plan provides for the payment, as a life income, of the variable benefits referred to in section 90.1 of the Act, the following rules apply:

1°  for each fiscal year, the member or his spouse sets the income to be received as variable benefits;

2°  the maximum income paid is set in accordance with sections 20 and 20.1, which apply with the necessary modifications, and with schedules 0.6 and 0.7.

D. 1183-2017, s. 13.