Canons of the Diocese of Montreal

Canon 24 - Main Page

• Section 1
• Section 2
• Section 3
• Section 4
• Section 5
• Section 6
• Section 7
• Section 8
• Section 9
• Section 10
• Section 11
• Section 12
• Section 13
• Section 14
• Schedule A
• Schedule B

9.1 The Committee shall make an annual assessment upon the Salary of each Member of the Plan and upon all Salary-paying sources in accordance with the following provisions and principles:

1. Such assessments shall be levied in respect of new entrants by ordination from the first day of the month following or coincident with the date of ordination to the diaconate, or if by transfer from some institution or church, from the date of transfer.

2. Every Member shall pay an annual assessment as set out in Column (5) of Schedule A, known herein as the personal assessment. Such personal assessment shall be paid until retirement, disability, or Normal Pension Age, whichever comes first. The personal assessment in a Plan Year shall not exceed the maximum permitted by the Income Tax Act for that Plan Year.

3. The salary-paying source or sources shall pay until the earliest of the Member's Early Retirement Date, Normal Pension Date and Disability Pension Date an annual assessment in accordance with the recommendations of the Actuary, known herein as the Salary Source Assessment. No salary source assessment shall be paid to the fund unless it is an eligible contribution as defined by the Income Tax Act and is permitted by the Income Tax Act.

4. In the event of a vacancy, the salary paying source shall continue to pay an assessment no more than the assessment payable prior to the occurrence of the vacancy.

5. During any period of temporary loan to another Diocese, leave of absence or the unemployment of any Member recognized as Pensionable Service under Section 1.22(v) or 1.22(vi), the personal assessments shall be due and payable to the Treasurer of the Diocese by the last day of the month in which they are due by such Member unless waived by the Committee on the recommendation of the Bishop.

6. A Member who engages in non-parochial work or who receives remuneration from other than Diocesan sources and still continues to be licensed by the Bishop or is on temporary loan to another Diocese in accordance with Section 1.7(ii) may, subject to the approval of the Committee, be deemed to be a Member provided the Member makes an appropriate arrangement for the payment of the Personal and Salary Source Assessments payable under this Plan based on the current Diocesan minimum stipend and housing allowance applicable to such Member, unless the Bishop and Committee have agreed upon an alternative level of remuneration. The Member may cease to be a Member if the Committee exempts the Member and the Salary-paying source from the payment of assessments during such employment if under the terms of the employment adequate provision for pension or other benefits is made available on retirement. The provisions of Section 7 shall apply on the Member ceasing to be a Member.

7. The Salary-paying source or sources shall deduct the Personal Assessment from the Member's stipend and remit the amount to the Treasurer of the Diocese.

8. The personal and Salary paying source assessment shall be paid to the Fund on the last day of the month following the month in which they are received or due. If the assessments are not paid within such period, interest shall be levied on the arrears at a rate of interest to be determined by the Committee; however, the Committee shall have power to waive the application of this sub-section in special cases.

9. Where any benefit becomes payable out of the Pension Fund, arrears of personal assessments must be paid to the satisfaction of the Committee or arrangements must be made to pay any such arrears.

10. The Diocesan Council shall ultimately be responsible for the payment to the Fund of all salary source assessments payable under this Section 9.

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Note: this text is provided for information purposes only. While every effort has been made to ensure that this text is accurate, in the event of any discrepancy between this version and the official printed version, the latter shall prevail.