R-9.2 - Act respecting the Pension Plan of Peace Officers in Correctional Services

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26. An employee may be credited with all or part of the years and parts of a year of service not credited under this plan by reason of section 23 and the first paragraph of section 25 by paying to Retraite Québec the difference between the actuarial values of the benefits resulting from those years and parts of a year of service.
An employee referred to in the second paragraph of section 25 may be credited with all or part of the years and parts of a year of service not credited under this plan by paying to Retraite Québec an amount equal to the refund referred to in the second paragraph of that section.
The years and parts of a year of service referred to in the first and second paragraphs are credited beginning with the most recent service.
The amount to be paid by the employee bears interest, compounded annually, at the rates given for each period in Schedule III, from the first day of the month that follows the date on which the actuarial values are established to the date the application is received at Retraite Québec and at the rate determined in Schedule III to that Act from the day following that date to the date of the redemption proposal made by Retraite Québec. For the purposes of the second paragraph, however, interest runs from the first day of the month during which Retraite Québec paid the refund instead of the first day of the month following the date on which the actuarial values are established.
Section 30 applies to service redeemed under this section.
1987, c. 107, s. 26; 1990, c. 87, s. 20; 2002, c. 30, s. 28; 2004, c. 39, s. 6; 2013, c. 9, s. 2; 2015, c. 20, s. 61.
26. An employee may be credited with all or part of the years and parts of a year of service not credited under this plan by reason of section 23 and the first paragraph of section 25 by paying to the Commission the difference between the actuarial values of the benefits resulting from those years and parts of a year of service.
An employee referred to in the second paragraph of section 25 may be credited with all or part of the years and parts of a year of service not credited under this plan by paying to the Commission an amount equal to the refund referred to in the second paragraph of that section.
The years and parts of a year of service referred to in the first and second paragraphs are credited beginning with the most recent service.
The amount to be paid by the employee bears interest, compounded annually, at the rates given for each period in Schedule III, from the first day of the month that follows the date on which the actuarial values are established to the date the application is received at the Commission and at the rate determined in Schedule III to that Act from the day following that date to the date of the redemption proposal made by the Commission. For the purposes of the second paragraph, however, interest runs from the first day of the month during which the Commission paid the refund instead of the first day of the month following the date on which the actuarial values are established.
Section 30 applies to service redeemed under this section.
1987, c. 107, s. 26; 1990, c. 87, s. 20; 2002, c. 30, s. 28; 2004, c. 39, s. 6; 2013, c. 9, s. 2.
26. An employee may be credited with all or part of the years and parts of a year of service not credited under this plan by reason of section 23 and the first paragraph of section 25 by paying to the Commission the difference between the actuarial values of the benefits resulting from those years and parts of a year of service.
An employee referred to in the second paragraph of section 25 may be credited with all or part of the years and parts of a year of service not credited under this plan by paying to the Commission an amount equal to the refund referred to in the second paragraph of that section.
The years and parts of a year of service referred to in the first and second paragraphs are credited beginning with the most recent service.
The amount to be paid by the employee bears interest, compounded annually, at the rates determined for each period in Schedule VII to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), from the first day of the month that follows the date on which the actuarial values are established to the date the application is received at the Commission and at the rate determined in Schedule VII to that Act from the day following that date to the date of the redemption proposal made by the Commission. For the purposes of the second paragraph, however, interest runs from the first day of the month during which the Commission paid the refund instead of the first day of the month following the date on which the actuarial values are established.
Section 30 applies to service redeemed under this section.
1987, c. 107, s. 26; 1990, c. 87, s. 20; 2002, c. 30, s. 28; 2004, c. 39, s. 6.
26. The amount established pursuant to section 25 is payable in a lump sum or by instalments spread over the period and payable at the times determined by the Commission. If it is paid by instalments, it bears interest, compounded annually, at the rate provided for in Schedule VI to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) on the date on which the application is received, computed from the date on which the redemption proposal made by the Commission expires.
1987, c. 107, s. 26; 1990, c. 87, s. 20; 2002, c. 30, s. 28.
26. The amount established pursuant to section 25 is payable in a lump sum or by instalments spread over the period and payable at the times determined by the Commission. If it is paid by instalments, it bears interest, compounded annually, at the rate in force under the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) on the date on which the application is received, computed from the date on which the redemption proposal made by the Commission expires.
1987, c. 107, s. 26; 1990, c. 87, s. 20.
26. The employee may, to pay redemption costs under section 25, spread payment thereof with interest, compounded annually, at the rate in force under the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) on the date of receipt of the application, over such period and at such intervals as may be determined by the Commission.
1987, c. 107, s. 26.