61. The value of a pension benefit to which section 60 applies shall be determined at the date of vesting on the basis of the actuarial assumptions determined by regulation.
However, with the authorization of Retraite Québec and on the conditions it fixes, the value may be determined on the basis of the actuarial assumptions determined by the plan, provided the resulting value is always equal to or greater than the value that would result from the application of the first paragraph.
The value of the benefits accrued under a target benefit pension plan shall be determined at the date of vesting of the benefits, on the basis of the assumptions determined by regulation.
1989, c. 38, s. 61; 1999, c. 40, s. 254; 2000, c. 41, s. 33; 2015, c. 20, s. 61; 2015, c. 29, s. 16; 2020, c. 30, s. 181.