R-10, r. 4 - Regulation respecting the application of Title IV.2 of the Act respecting the Government and Public Employees Retirement Plan

Section 11 Disposition versions

2020-07-01

11. The annual amount of a deferred pension under the Government and Public Employees Retirement Plan payment of which is anticipated under this Chapter shall be established as follows:

(1)  by computing such pension in the same manner as the pension granted under that plan, irrespective of the limit provided for in the first paragraph of section 18.1 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10);

(2)  by indexing annually the pension obtained under paragraph 1 by the rate of increase in the Pension Index determined by the Act respecting the Québec Pension Plan (chapter R-9), from 1 January following the date on which the employee ceases to be a member of the plan until 1 January of the year in which he retires. However, the part of the pension that applies to the years of service credited after 31 December 1991 shall not, on the date of the person’s retirement, exceed the amount obtained by adding the following amounts:

(a)  the amount obtained by multiplying the upper limit for the benefits determined, applicable for the year in which the person retires and established under the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)), by the number of years of service credited after 31 December 1991; and

(b)  the amount obtained by computing the reduction provided for in section 39 of the Act respecting the Government and Public Employees Retirement Plan, counting only the years of service credited after 31 December 1991;

(3)  by reducing the amount obtained under paragraph 2, during the pension payment period, by 1/2 of 1% per month, computed for each month between the date of the employee’s retirement and the date of his 65th birthday;

(4)  by reducing the amount obtained under paragraph 3 by the amount obtained under the first paragraph of section 39 of that Act, with the latter amount being indexed in the manner prescribed in paragraph 2 and reduced in the manner prescribed in paragraph 3; and

(5)  by applying to the amount obtained under paragraph 4, on the date of the employee’s retirement and by using the actuarial assumptions and methods provided for in Schedule III, the second paragraph of section 54 of that Act.

Where an employee makes the election provided for in section 43.1 of that Act, the pension obtained under the first paragraph shall be reduced by 2%.

O.C. 690-96, s. 11; O.C. 945-96, s. 2; T.B. 208551, s. 3; T.B. 216997, s. 1.

2012-09-01

11. The annual amount of a deferred pension under the Government and Public Employees Retirement Plan payment of which is anticipated under this Chapter shall be established as follows:

(1)  by computing such pension in the same manner as the pension granted under that plan, irrespective of the limit provided for in the first paragraph of section 18.1 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10);

(2)  by indexing annually the pension obtained under paragraph 1 by the rate of increase in the Pension Index determined by the Act respecting the Québec Pension Plan (chapter R-9), from 1 January following the date on which the employee ceases to be a member of the plan until 1 January of the year in which he retires. However, the part of the pension that applies to the years of service credited after 31 December 1991 shall not, on the date of the person’s retirement, exceed the amount obtained by adding the following amounts:

(a)  the amount obtained by multiplying the upper limit for the benefits determined, applicable for the year in which the person retires and established under the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)), by the number of years of service credited after 31 December 1991; and

(b)  the amount obtained by computing the reduction provided for in section 39 of the Act respecting the Government and Public Employees Retirement Plan, counting only the years of service credited after 31 December 1991;

(3)  by reducing the amount obtained under paragraph 2, during the pension payment period, by 1/3 of 1% per month, computed for each month between the date of the employee’s retirement and the date of his sixty-fifth birthday;

(4)  by reducing the amount obtained under paragraph 3 by the amount obtained under the first paragraph of section 39 of that Act, with the latter amount being indexed in the manner prescribed in paragraph 2 and reduced in the manner prescribed in paragraph 3; and

(5)  by applying to the amount obtained under paragraph 4, on the date of the employee’s retirement and by using the actuarial assumptions and methods provided for in Schedule III, the second paragraph of section 54 of that Act.

Where an employee makes the election provided for in section 43.1 of that Act, the pension obtained under the first paragraph shall be reduced by 2%.

O.C. 690-96, s. 11; O.C. 945-96, s. 2; T.B. 208551, s. 3.