R-10, r. 2 - Regulation under the Act respecting the Government and Public Employees Retirement Plan

Section 30.1 Disposition versions

2022-10-01

30.1. For the purposes of this Division, “CIA Standard” means the Standard of Practice for Determining Pension Commuted Values confirmed by the board of directors of the Canadian Institute of Actuaries on 15 June 2004.

The actuarial values of the benefits referred to in sections 109.2 and 109.8 of the Act are determined using the following actuarial method and assumptions:

Actuarial method

The actuarial method is the “projected benefit method” pro rated on service.

In the case of section 109.2, the pensionable salary of the retirement plans involved in the transfer is the salary that is taken into account to determine the average pensionable salary used to calculate the pension.

Actuarial assumptions

(1)  Mortality rates:

The mortality rates are determined in accordance with the CIA Standard.

(2)  Interest rates:

For fully-indexed and non-indexed benefits:

The interest rates are those determined in accordance with the CIA Standard.

For partially indexed benefits:

The interest rates are determined according to the following formula:

((1 + interest rate for a non-indexed benefit) / (1 + indexing rate for a partially-indexed benefit)) - 1

The result must be rounded to the nearest multiple of 0.25%.

(3)  Indexing rate:

(a)  for a fully-indexed benefit according to the rate of increase in the pension index, the indexing rate is computed in the manner described in the CIA Standard;

(b)  for a benefit indexed according to the excess of the rate of increase in the pension index (PI) over 3% or to half of the rate of increase in the pension index, the indexing rate corresponds respectively to the excess of the indexing rate computed in the manner provided in subparagraph a over 3% or to half the indexing rate computed in the manner provided in that subparagraph.

In order to take into account the inflation rate variations, the following additions are made to the results of effective indexing formulas for actuarial value computation purposes.

Inflation level	Addition to the result of the PI-3% formula	Adjusted indexing rate	Addition to the result of the 50% PI, min. PI-3% formula	Adjusted indexing rate
0.5	0.1	0.1	0.05	0.3
1.0	0.1	0.1	0.10	0.6
1.5	0.3	0.3	0.15	0.9
2.0	0.5	0.5	0.20	1.2
2.5	0.7	0.7	0.15	1.4
3.0	1.0	1.0	0.20	1.7
3.5	0.8	1.3	0.25	2.0
4.0	0.6	1.6	0.30	2.3
4.5	0.5	2.0	0.45	2.7
5.0	0.4	2.4	0.50	3.0

(4)  Turnover rate: Nil

(5)  Disability rate: Nil

(6)  Proportion of employees with a spouse at retirement:

Males: 85%

Females: 60%

(7)  Age of spouse at retirement:

— the male spouse of the member is assumed to be 2 years older;

— the female spouse of the member is assumed to be 3 years younger;

(8)  Rate of increase of the MPE:

The annual increase in the maximum pensionable earnings within the meaning of the Québec Pension Plan corresponds to the annual rate of inflation plus 1%.

(9)  Rate of increase of salaries

The annual increase in salaries corresponds to the annual increase of the MPE, increased by the annual rate of salary increase.

For the Pension Plan of Peace Officers in Correctional Services

Years of service	Annual rate of increase
0 year	2.50%
1-6 years	4.30%
7 years	2.50%
8-10 years	0.80%
11-20 years	0.60%
21-30 years	0.30%
31 years and over	0%

For the Government and Public Employees Retirement Plan, the Teachers Pension Plan and the Civil Service Superannuation Plan

Years of service	Annual rate of increase
0-2 years	3.30%
3-5 years	3.20%
6-8 years	2.70%
9-11 years	2.40%
12-14 years	1.90%
15-17 years	1.30%
18-19 years	0.90%
20-24 years	0.55%
25-29 years	0.40%
30 years and over	0.35%

For the Pension Plan of the members of the Sûreté du Québec

Years of service	Annual rate of increase
0-1 year	11.80%
2 years	13.20%
3 years	11.50%
4 years	8.90%
5 years	8.60%
6 years	6.00%
7-9 years	0.75%
10 years	1.50%
11-13 years	0.75%
14 years	2.00%
15-20 years	0.50%
21 years	2.00%
22 years or more	0.50%

(10)  Rate of increase in the Tax Act defined benefit limit:

The annual increase of Tax Act defined benefit limits corresponds to that of the maximum pensionable earnings as of each year of the indexing of that limit, in accordance with the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)).

(11)  Retirement age

For the purposes of section 109.2 of the Act, the retirement age is the age on the date on which membership ceases as determined pursuant to section 8.7 or 8.8 of the Act respecting the Pension Plan of Peace Officers in Correctional Services (chapter R-9.2).

For the purposes of section 109.8 of the Act, retirement is determined according to the following retirement rates:

For the Government and Public Employees Retirement Plan

For an employee who would attain 35 years of service before attaining age 55	– 85% at 35 years of service
	– 100% (of the remaining 85%) at 40 years of service
For an employee who would attain 35 years of service at age 55 or older but before age 61	– 90% at 35 years of service
	– 100% (of the remaining 90%) at 40 years of service
For an employee who would attain age 61 and 30 years of service or age 60 and more than 29 years of service without exceeding 34 years of service	– 85% at age 61 and 30 years of service or age 60 and more than 29 years of service without exceeding 34 years of service
	– 100% (of the remaining 85%) at 35 years of service
For an employee who would attain age 61 and more than 15 years of service without exceeding 29 years of service	– 70% at age 61 and more than 15 years of service without exceeding 29 years of service
	– 100% (of the remaining 70%) at age 65
For an employee who would attain age 61 without having more than 15 years of service	– 60% at age 61 without having more than 15 years of service
	– 100% (of the remaining 60%) at age 65
For an employee who has at least 35 years of service at the time of transfer	– 80% 6 months after the transfer
	– 100% (of the remaining 80%) at 40 years of service or age 65 if the employee attains that age without attaining 40 years of service
For an employee who is at least 61 years old or at least 60 years old and who has 30 years of service without exceeding 34 years of service at the time of transfer	– 60% 6 months after the transfer
	– 100% (of the remaining 60%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service

For the Pension Plan of the members of the Sûreté du Québec

For an employee who would attain 25 years of service or more but before age 55 or whose age and years of service would add up to 75 (criteria 75) before age 50	– 15% at 25 years of service or criteria 75 if the employee is less than 50 years of age
	– 100% (of the remaining 15%) at 32 years of service
For an employee who would attain 25 years of service at age 55 or older but before age 60	– 30% at 25 years of service
	– 100% (of the remaining 30%) at 32 years of service or age 60 if the employee attains that age without attaining 32 years of service
For an employee who would attain age 60 without having more than 25 years of service	– 60% at age 60
	– 100% (of the remaining 60%) at age 65
For an employee who is at least 60 years of age at the time of transfer	– 60% 6 months after the transfer
	– 100% (of the remaining 60%) at 38 years of service or age 65 if the employee attains that age without attaining 38 years of service
For an employee who has at least 32 years of service without having reached age 60 at the time of transfer	– 60% 6 months after the transfer
	– 100% (of the remaining 60%) at 38 years of service or age 60 if the employee attains that age without attaining 38 years of service
For an employee whose age and years of service add up to 75 while the employee is less than 50 years of age and has less than 32 years of service at the time of transfer	– 30% 6 months after the transfer
	– 100% (of the remaining 30%) at 32 years of service
For an employee who has at least 25 years of service but less than 32 years of service and is 50 to 54 years of age at the time of transfer	– 30% 6 months after the transfer
	– 100% (of the remaining 30%) at 32 years of service
For an employee who has at least 25 years of service but less than 32 years of service and is 55 to 59 years of age at the time of transfer	– 50% 6 months after the transfer
	– 100% (of the remaining 50%) at 32 years of service or age 60 if the employee attains that age without attaining 32 years of service

(12)  Reduction for early retirement:

The pension under the Pension Plan of Peace Officers in Correctional Services used to determine the actuarial value of the benefits of that plan is reduced by 1/3 of 1% per month computed for each month comprised between the date on which the actuarial value is determined and the first date on which a pension could have been paid to the member without reduction under than plan.

T.B. 203094, s. 5; T.B. 206316, s. 1; T.B. 208555, s. 8; T.B. 221070, s. 1; T.B. 226429, s. 6.

2019-07-01

30.1. The actuarial values of the benefits referred to in sections 109.2 and 109.8 of the Act are determined using the following actuarial method and assumptions:

Actuarial method

The actuarial method is the “projected benefit method” pro rated on service.

In the case of section 109.2, the pensionable salary of the retirement plans involved in the transfer is the salary that is taken into account to determine the average pensionable salary used to calculate the pension.

Actuarial assumptions

(1)  Mortality rates:

The mortality rates are determined in accordance with the CIA Standard.

(2)  Interest rates:

For fully-indexed and non-indexed benefits:

The interest rates are those determined in accordance with the CIA Standard.

For partially indexed benefits:

The interest rates are determined according to the following formula:

((1 + interest rate for a non-indexed benefit) / (1 + indexing rate for a partially-indexed benefit)) - 1

The result must be rounded to the nearest multiple of 0.25%.

(3)  Indexing rate:

(a)  for a fully-indexed benefit according to the rate of increase in the pension index, the indexing rate is computed in the manner described in the CIA Standard;

(b)  for a benefit indexed according to the excess of the rate of increase in the pension index (PI) over 3% or to half of the rate of increase in the pension index, the indexing rate corresponds respectively to the excess of the indexing rate computed in the manner provided in subparagraph a over 3% or to half the indexing rate computed in the manner provided in that subparagraph.

In order to take into account the inflation rate variations, the following additions are made to the results of effective indexing formulas for actuarial value computation purposes.

 Inflation        Addition to        Adjusted       Addition to        Adjusted   
   level         the result of       indexing      the result of       indexing   
                   the PI-3%           rate          the 50% PI,         rate     
                    formula                          min. PI-3%                
                                                      formula                  

    0.5               0.1               0.1             0.05              0.3

    1.0               0.1               0.1             0.10              0.6

    1.5               0.3               0.3             0.15              0.9

    2.0               0.5               0.5             0.20              1.2

    2.5               0.7               0.7             0.15              1.4

    3.0               1.0               1.0             0.20              1.7

    3.5               0.8               1.3             0.25              2.0

    4.0               0.6               1.6             0.30              2.3

    4.5               0.5               2.0             0.45              2.7

    5.0               0.4               2.4             0.50              3.0
        

(4)  Turnover rate: Nil

(5)  Disability rate: Nil

(6)  Proportion of employees with a spouse at retirement:

Males: 85%

Females: 60%

(7)  Age of spouse at retirement:

— the male spouse of the member is assumed to be 2 years older;

— the female spouse of the member is assumed to be 3 years younger;

(8)  Rate of increase of the MPE:

The annual increase in the maximum pensionable earnings within the meaning of the Québec Pension Plan corresponds to the annual rate of inflation plus 1%.

(9)  Rate of increase of salaries

The annual increase in salaries corresponds to the annual increase of the MPE, increased by the annual rate of salary increase.

For the Pension Plan of Peace Officers in Correctional Services

Years of service	Annual rate of increase
0 year	2.50%
1-6 years	4.30%
7 years	2.50%
8-10 years	0.80%
11-20 years	0.60%
21-30 years	0.30%
31 years and over	0%

For the Government and Public Employees Retirement Plan, the Teachers Pension Plan and the Civil Service Superannuation Plan

Years of service	Annual rate of increase
0-2 years	3.30%
3-5 years	3.20%
6-8 years	2.70%
9-11 years	2.40%
12-14 years	1.90%
15-17 years	1.30%
18-19 years	0.90%
20-24 years	0.55%
25-29 years	0.40%
30 years and over	0.35%

For the Pension Plan of the members of the Sûreté du Québec

Years of service	Annual rate of increase
0-1 year	11.80%
2 years	13.20%
3 years	11.50%
4 years	8.90%
5 years	8.60%
6 years	6.00%
7-9 years	0.75%
10 years	1.50%
11-13 years	0.75%
14 years	2.00%
15-20 years	0.50%
21 years	2.00%
22 years or more	0.50%

(10)  Rate of increase in the Tax Act defined benefit limit:

The annual increase of Tax Act defined benefit limits corresponds to that of the maximum pensionable earnings as of each year of the indexing of that limit, in accordance with the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)).

(11)  Retirement age

For the purposes of section 109.2 of the Act, the retirement age is the age on the date on which membership ceases as determined pursuant to section 8.7 or 8.8 of the Act respecting the Pension Plan of Peace Officers in Correctional Services (chapter R-9.2).

For the purposes of section 109.8 of the Act, retirement is determined according to the following retirement rates:

For the Government and Public Employees Retirement Plan

For an employee who would attain 35 years of service before attaining age 55	– 85% at 35 years of service
	– 100% (of the remaining 85%) at 40 years of service
For an employee who would attain 35 years of service at age 55 or older but before age 61	– 90% at 35 years of service
	– 100% (of the remaining 90%) at 40 years of service
For an employee who would attain age 61 and 30 years of service or age 60 and more than 29 years of service without exceeding 34 years of service	– 85% at age 61 and 30 years of service or age 60 and more than 29 years of service without exceeding 34 years of service
	– 100% (of the remaining 85%) at 35 years of service
For an employee who would attain age 61 and more than 15 years of service without exceeding 29 years of service	– 70% at age 61 and more than 15 years of service without exceeding 29 years of service
	– 100% (of the remaining 70%) at age 65
For an employee who would attain age 61 without having more than 15 years of service	– 60% at age 61 without having more than 15 years of service
	– 100% (of the remaining 60%) at age 65
For an employee who has at least 35 years of service at the time of transfer	– 80% 6 months after the transfer
	– 100% (of the remaining 80%) at 40 years of service or age 65 if the employee attains that age without attaining 40 years of service
For an employee who is at least 61 years old or at least 60 years old and who has 30 years of service without exceeding 34 years of service at the time of transfer	– 60% 6 months after the transfer
	– 100% (of the remaining 60%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service

For the Pension Plan of the members of the Sûreté du Québec

For an employee who would attain 25 years of service or more but before age 55 or whose age and years of service would add up to 75 (criteria 75) before age 50	– 15% at 25 years of service or criteria 75 if the employee is less than 50 years of age
	– 100% (of the remaining 15%) at 32 years of service
For an employee who would attain 25 years of service at age 55 or older but before age 60	– 30% at 25 years of service
	– 100% (of the remaining 30%) at 32 years of service or age 60 if the employee attains that age without attaining 32 years of service
For an employee who would attain age 60 without having more than 25 years of service	– 60% at age 60
	– 100% (of the remaining 60%) at age 65
For an employee who is at least 60 years of age at the time of transfer	– 60% 6 months after the transfer
	– 100% (of the remaining 60%) at 38 years of service or age 65 if the employee attains that age without attaining 38 years of service
For an employee who has at least 32 years of service without having reached age 60 at the time of transfer	– 60% 6 months after the transfer
	– 100% (of the remaining 60%) at 38 years of service or age 60 if the employee attains that age without attaining 38 years of service
For an employee whose age and years of service add up to 75 while the employee is less than 50 years of age and has less than 32 years of service at the time of transfer	– 30% 6 months after the transfer
	– 100% (of the remaining 30%) at 32 years of service
For an employee who has at least 25 years of service but less than 32 years of service and is 50 to 54 years of age at the time of transfer	– 30% 6 months after the transfer
	– 100% (of the remaining 30%) at 32 years of service
For an employee who has at least 25 years of service but less than 32 years of service and is 55 to 59 years of age at the time of transfer	– 50% 6 months after the transfer
	– 100% (of the remaining 50%) at 32 years of service or age 60 if the employee attains that age without attaining 32 years of service

(12)  Reduction for early retirement:

The pension under the Pension Plan of Peace Officers in Correctional Services used to determine the actuarial value of the benefits of that plan is reduced by 1/3 of 1% per month computed for each month comprised between the date on which the actuarial value is determined and the first date on which a pension could have been paid to the member without reduction under than plan.

T.B. 203094, s. 5; T.B. 206316, s. 1; T.B. 208555, s. 8; T.B. 221070, s. 1.

2012-09-01

30.1. The actuarial values of the benefits referred to in sections 109.2 and 109.8 of the Act are determined using the following actuarial method and assumptions:

Actuarial method

The actuarial method is the “projected benefit method” pro rated on service.

In the case of section 109.2, the pensionable salary of the retirement plans involved in the transfer is the salary that is taken into account to determine the average pensionable salary used to calculate the pension.

Actuarial assumptions

(1)  Mortality rates:

The mortality rates are determined in accordance with the CIA Standard.

(2)  Interest rates:

For fully-indexed and non-indexed benefits:

The interest rates are those determined in accordance with the CIA Standard.

For partially indexed benefits:

The interest rates are determined according to the following formula:

((1 + interest rate for a non-indexed benefit) / (1 + indexing rate for a partially-indexed benefit)) - 1

The result must be rounded to the nearest multiple of 0.25%.

(3)  Indexing rate:

(a)  for a fully-indexed benefit according to the rate of increase in the pension index, the indexing rate is computed in the manner described in the CIA Standard;

(b)  for a benefit indexed according to the excess of the rate of increase in the pension index (PI) over 3% or to half of the rate of increase in the pension index, the indexing rate corresponds respectively to the excess of the indexing rate computed in the manner provided in subparagraph a over 3% or to half the indexing rate computed in the manner provided in that subparagraph.

In order to take into account the inflation rate variations, the following additions are made to the results of effective indexing formulas for actuarial value computation purposes.

 Inflation        Addition to        Adjusted       Addition to        Adjusted   
   level         the result of       indexing      the result of       indexing   
                   the PI-3%           rate          the 50% PI,         rate     
                    formula                          min. PI-3%                
                                                      formula                  

    0.5               0.1               0.1             0.05              0.3

    1.0               0.1               0.1             0.10              0.6

    1.5               0.3               0.3             0.15              0.9

    2.0               0.5               0.5             0.20              1.2

    2.5               0.7               0.7             0.15              1.4

    3.0               1.0               1.0             0.20              1.7

    3.5               0.8               1.3             0.25              2.0

    4.0               0.6               1.6             0.30              2.3

    4.5               0.5               2.0             0.45              2.7

    5.0               0.4               2.4             0.50              3.0
        

(4)  Turnover rate: Nil

(5)  Disability rate: Nil

(6)  Proportion of employees with a spouse at retirement:

Males: 85%

Females: 60%

(7)  Age of spouse at retirement:

— the male spouse of the member is assumed to be 2 years older;

— the female spouse of the member is assumed to be 3 years younger;

(8)  Rate of increase of the MPE:

The annual increase in the maximum pensionable earnings within the meaning of the Québec Pension Plan corresponds to the annual rate of inflation plus 1%.

(9)  Rate of increase of salaries:

The annual increase in salaries corresponds to the annual increase of the MPE, increased by the annual rate of salary increase.

For the Pension Plan of Peace Officers in Correctional Services

Years of service               Annual rate
                               of increase

0-4 years                         2.5%
5-15 years                        0.4%
16 years and over                 0.2%                        

For the Government and Public Employees Retirement Plan, the Teachers Pension Plan and the Civil Service Superannuation Plan

Years of service               Annual rate
                               of increase

0-10 years                        2.50%
11 - 20 years                     0.75%
21 years and over                 0.25%            

For the Pension Plan of the members of the Sûreté du Québec

Years of service               Annual rate
                               of increase

0 year                               0%
1 year                            6.35%
2 years                          11.80%
3 years                          12.90%
4 years                           9.80%
5 years                           8.70%
6 years                           8.00%
7 years                           4.50%
8-13 years                        0.45%
14 years                          2.45%
15-20 years                       0.45%
21 years                          2.45%
22 years or more                  0.45%            

(10)  Rate of increase in the Tax Act defined benefit limit:

The annual increase of Tax Act defined benefit limits corresponds to that of the maximum pensionable earnings as of each year of the indexing of that limit, in accordance with the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)).

(11)  Retirement age:

For the purposes of section 109.2 of the Act, the retirement age is the age on the date on which membership ceases as determined pursuant to section 8.7 or 8.8 of the Act respecting the Pension Plan of Peace Officers in Correctional Services (chapter R-9.2).

For the purposes of section 109.8 of the Act, retirement is determined according to the following retirement rates:

For the Government and Public Employees Retirement Plan:

For an employee who                  ­ 100% at age 55
would attain 35 years
of service before attaining
age 55


For an employee who                  ­ 100% at 35 years of
would attain 35 years                service
of service at age 55 or
older but before age 60

For an employee who                  ­ 60% at age 60 
would attain age 60 
without having more 
than 35 years of service

                                     ­ 100% (of the remaining 40%)
                                     at 35 years of service or
                                     age 65 if the employee
                                     attains that age without
                                     attaining 35 years of
                                     service


For an employee who                  ­ 100% 6 months after
has at least 35 years of             the transfer
service at the time of
transfer


For an employee who is               ­ 60% 6 months after
60 years of age or older             the transfer
at the time of transfer

                                     ­ 100% (of the remaining 40%)
                                     at 35 years of service or
                                     age 65 if the employee
                                     attains that age without
                                     attaining 35 years of
                                     service            

If the last 2 criteria apply, the assumption retained is that of the criteria of 35 years of service.

For the Pension Plan of the members of the Sûreté du Québec:

For an employee whose                ­ 20% at criteria 75
age and years of service 
would add up to 75 
(criteria 75) at age 50 or 
older but before age 60 

                                     ­ 100% (of the remaining 80%)
                                     at 25 years of service or
                                     age 60 if the employee
                                     attains that age without
                                     attaining 25 years of
                                     service


For an employee who                  ­ 20% at 25 years of 
would attain 25 years                service
of service before age 50 

                                     ­ 100% (of the remaining 80%)
                                     at criteria 75


For an employee who                  ­ 100% at age 60 
would attain age 60
without having more
than 15 years of service 


For an employee whose                ­ 20% 6 months after
age and years of service             the transfer
at the time of transfer
add up to 75 or more while
the employee is less than
60 years of age and has less
than 25 years of service

                                     ­ 100% (of the remaining 80%)
                                     at 25 years of service or
                                     age 60 if the employee
                                     attains that age without
                                     attaining 25 years of service


For an employee who                  ­ 20% 6 months after
has 25 years of service              the transfer
or more at the time of 
transfer, without criteria 75

                                     ­ 100% (of the remaining 80%)
                                     at criteria 75

For an employee who                  ­ 100% 6 months after
is 60 years of age or older          the transfer
at the time of transfer or
for an employee whose age
or years of service add up
to 75 or more with a
minimum of 25 years
of service            

(12)  Reduction for early retirement:

The pension under the Pension Plan of Peace Officers in Correctional Services used to determine the actuarial value of the benefits of that plan is reduced by 1/3 of 1% per month computed for each month comprised between the date on which the actuarial value is determined and the first date on which a pension could have been paid to the member without reduction under than plan.

T.B. 203094, s. 5; T.B. 206316, s. 1; T.B. 208555, s. 8.