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

Section 8 Disposition versions

2016-01-01

8. A person who avails himself of section 5 and, where applicable, of section 6 and who, for not less than 3 months, has held or again held pensionable employment under the Government and Public Employees Retirement Plan may cause to be credited to the pension plan of which he was a member before the date of transfer the years or parts of a year of service that were credited to him before that date, where the person applies therefor and pays an amount equal to the amount transferred to him and, where applicable, reimbursed to him, with interest, compounded annually, at the rates determined in Schedule VI to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) from the date of the transfer and, where applicable, the date of the reimbursement until the date the application is received at Retraite Québec and at the rate determined in Schedule VII to that Act from the day following the latter date until the date of the redemption proposal made by Retraite Québec in accordance with the pension plan under which the transfer and, where applicable, the reimbursement are made.

For the purposes of the first paragraph, where a person was a member of the Government and Public Employees Retirement Plan or the Pension Plan of Management Personnel before the date of the transfer and the person holds or again holds employment under either of those plans, the years or parts of a year of service that were credited before the date of the transfer are credited under the plan of which the person is a member after that date, and the interest rates are those of that plan, namely the rates determined in Schedules VI and VII to the Act respecting the Government and Public Employees Retirement Plan or the rates determined in Schedules VII and VIII to the Act respecting the Pension Plan of Management Personnel (chapter R-12.1).

The amount established under the first paragraph is payable on the date of expiry of the redemption proposal, in a cash sum taken from the amounts in a registered retirement savings plan or a registered pension plan within the meaning of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)).

The person may also be credited with the years or parts of a year of service with which he had been credited before the date of the transfer and, where applicable, of the reimbursement of the amount referred to in section 6, and the first, second and third paragraphs apply with the necessary modifications. The person is then entitled to a pension credit equal to the pension credit to which he would have been entitled had he never received that transfer and, where applicable, that reimbursement.

Any amount paid to Retraite Québec pursuant to this section shall be deposited with the Caisse de dépôt et placement du Québec or, where applicable, with the Consolidated Revenue Fund, depending on the source of the amounts constituting its actuarial value at the time of transfer and, where applicable, of the first reimbursement. Where a person holds or again holds pensionable employment under the Government and Public Employees Retirement Plan or the Pension Plan of Management Personnel, the amount paid to Retraite Québec shall be deposited into the pension fund concerned at the Caisse. Where applicable, the fourth paragraph of section 178 of the Act respecting the Pension Plan of Management Personnel applies, with the necessary modifications.

O.C. 690-96, s. 8; T.B. 200048, s. 4; T.B. 202421, s. 3.

2012-09-01

8. A person who avails himself of section 5 and, where applicable, of section 6 and who, for not less than 3 months, has held or again held pensionable employment under the Government and Public Employees Retirement Plan may cause to be credited to the pension plan of which he was a member before the date of transfer the years or parts of a year of service that were credited to him before that date, where the person applies therefor and pays an amount equal to the amount transferred to him and, where applicable, reimbursed to him, with interest, compounded annually, at the rates determined in Schedule VI to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) from the date of the transfer and, where applicable, the date of the reimbursement until the date the application is received at the Commission and at the rate determined in Schedule VII to that Act from the day following the latter date until the date of the redemption proposal made by the Commission in accordance with the pension plan under which the transfer and, where applicable, the reimbursement are made.

For the purposes of the first paragraph, where a person was a member of the Government and Public Employees Retirement Plan or the Pension Plan of Management Personnel before the date of the transfer and the person holds or again holds employment under either of those plans, the years or parts of a year of service that were credited before the date of the transfer are credited under the plan of which the person is a member after that date, and the interest rates are those of that plan, namely the rates determined in Schedules VI and VII to the Act respecting the Government and Public Employees Retirement Plan or the rates determined in Schedules VII and VIII to the Act respecting the Pension Plan of Management Personnel (chapter R-12.1).

The amount established under the first paragraph is payable on the date of expiry of the redemption proposal, in a cash sum taken from the amounts in a registered retirement savings plan or a registered pension plan within the meaning of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)).

The person may also be credited with the years or parts of a year of service with which he had been credited before the date of the transfer and, where applicable, of the reimbursement of the amount referred to in section 6, and the first, second and third paragraphs apply with the necessary modifications. The person is then entitled to a pension credit equal to the pension credit to which he would have been entitled had he never received that transfer and, where applicable, that reimbursement.

Any amount paid to the Commission pursuant to this section shall be deposited with the Caisse de dépôt et placement du Québec or, where applicable, with the Consolidated Revenue Fund, depending on the source of the amounts constituting its actuarial value at the time of transfer and, where applicable, of the first reimbursement. Where a person holds or again holds pensionable employment under the Government and Public Employees Retirement Plan or the Pension Plan of Management Personnel, the amount paid to the Commission shall be deposited into the pension fund concerned at the Caisse. Where applicable, the fourth paragraph of section 178 of the Act respecting the Pension Plan of Management Personnel applies, with the necessary modifications.

O.C. 690-96, s. 8; T.B. 200048, s. 4; T.B. 202421, s. 3.