10.1. Where an application for redemption of years or parts of a year is made to the Commission under this plan, the Commission shall send to the teacher a redemption proposal valid for a period of 60 days from the date it is made.
The application for redemption is deemed never to have been made if the Commission does not receive from the teacher before the 60-day period expires a notice to the effect that he accepts the proposal.
In addition, the application is deemed never to have been made if the lump sum payment of the cost of redemption is not made before the 60-day period expires, where such a payment is exigible owing to the choice made by the teacher or by operation of law. Where payment is exigible by instalments and the teacher fails to make a payment, the application for redemption is deemed never to have been made in respect of service for which the payments have not been made if the teacher does not make the payment which has become overdue within 30 days after the date of a notice from the Commission to that effect. In that case, the most recent service is credited first. However, in the case of sections 21, 76 and 76.1, the application for redemption is deemed never to have been made in respect of all the service, and the amounts paid by the teacher shall be refunded without interest.
No interest is computed for the period during which the redemption proposal provided for in the first paragraph is valid. Where the Commission refuses the redemption of years or parts of years and a contrary decision is made following a review or arbitration based on the data contained in the record at the time of the refusal, no interest is computed in respect of such years or parts of years between the date of the refusal and the date on which the redemption proposal expires.
1990, c. 87, s. 81; 1991, c. 77, s. 66; 1992, c. 67, s. 57; 1993, c. 74, s. 16; 1994, c. 20, s. 24; 1997, c. 43, s. 633.