Pension Benefits Standards Act, 1985
Marginal note:Filing of amendments
10.1 (1) The administrator of a pension plan shall file with the Superintendent, within sixty days after making an amendment to any document referred to in subsection 10(1), a copy of the amendment and a declaration (in the form, if any, specified by the Superintendent) signed by the administrator that the plan as amended complies with this Act and the regulations.
Marginal note:Void amendments
(2) Unless the Superintendent authorizes the amendment, an amendment is void or, in Quebec, null if
(a) it would have the effect of reducing
(i) pension benefits accrued before the date of the amendment or pension benefit credits relating to pension benefits accrued before the date of the amendment, or
(ii) an immediate or deferred pension benefit to which a member, former member or any other person was entitled before the date of the amendment;
(b) the solvency ratio of the pension plan would fall below the prescribed solvency ratio level;
(c) the amendment would reduce the solvency ratio of the pension plan and the solvency ratio would be below the prescribed solvency ratio level once the amendment is made; or
(d) the solvency ratio of the pension plan is below the prescribed solvency ratio level and the amendment would increase pension benefits or pension benefit credits.
- 1998, c. 12, s. 10
- 2010, c. 12, s. 1797
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