Draft agreement

As the employer, you must present you proposal on the allocation of surplus assets in a draft agreement whose contents are prescribed in section 230.2 of the Supplemental Pension Plans Act and section 67.1 of the Regulation respecting supplemental pension plans.

You must submit the draft agreement to the plan administrator before expiry of the 150 day period that follows the administrator's receipt of the plan termination notice or the decision of Retraite Québec to terminate the plan.

If the draft agreement is accepted

The plan's surplus assets will be allocated in accordance with the agreement.

If the draft agreement is rejected

The right to arbitration can be exercised, which will make it possible to determine how the surplus will be allocated.

If you are the plan administrator

Consult the procedures for terminating the plan.

To find out more...

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