100.62(1)On the wind-up of a shared risk plan in whole or in part, section 36, other than paragraph 36(1)(b) and subsection 36(3), applies with the necessary modifications to the members, former members and persons receiving a pension.

100.62(2)Subject to subsection (4), on termination of employment or on termination of membership, the termination value of the base benefits of a member or former member shall remain in the shared risk plan until the retirement, death or breakdown of the marriage or common-law partnership of the member or former member.

100.62(3)A member or former member referred to in subsection (2) is entitled to all future improvements to base benefits or ancillary benefits in accordance with the funding policy if the improvements are made while he or she is a member or former member.

100.62(4)Subsection (2) does not apply if the member or former member elects within the time prescribed by regulation to require the administrator to transfer the termination value of his or her base benefits to another pension plan with the consent of the administrator of that plan or to a retirement savings arrangement prescribed by regulation.

100.62(5)Section 36 applies with the necessary modifications to the transfer referred to in subsection (4).

100.62(6)On the termination of employment, termination of membership, retirement, death or breakdown of the marriage or common-law partnership of the member or former member, as the case may be, the termination value of his or her base benefits shall be calculated in accordance with the regulations.

100.62(7)The termination value referred to in subsection (6) shall not exceed the amount calculated in accordance with the regulations.

100.62(1)On the wind-up of a shared risk plan in whole or in part, section 36, other than paragraph 36(1)(b) and subsection 36(3), applies with the necessary modifications to the members, former members and persons receiving a pension.

100.62(2)Subject to subsection (4), on termination of employment or on termination of membership, the termination value of the base benefits of a member or former member shall remain in the shared risk plan until the retirement, death or breakdown of the marriage or common-law partnership of the member or former member.

100.62(3)A member or former member referred to in subsection (2) is entitled to all future improvements to base benefits or ancillary benefits in accordance with the funding policy if the improvements are made while he or she is a member or former member.

100.62(4)Subsection (2) does not apply if the member or former member elects within the time prescribed by regulation to require the administrator to transfer the termination value of his or her base benefits to another pension plan with the consent of the administrator of that plan or to a retirement savings arrangement prescribed by regulation.

100.62(5)Section 36 applies with the necessary modifications to the transfer referred to in subsection (4).

100.62(6)On the termination of employment, termination of membership, retirement, death or breakdown of the marriage or common-law partnership of the member or former member, as the case may be, the termination value of his or her base benefits shall be calculated in accordance with the regulations.

100.62(7)The termination value referred to in subsection (6) shall not exceed the amount calculated in accordance with the regulations.