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R-12.1, r. 2 - Special provisions in respect of classes of employees designated under section 23 of the Act respecting the Pension Plan of Management Personnel
Schedule
Disposition versions
SCHEDULE VI
(s. 37)
ACTUARIAL ASSUMPTIONS
(1) End of employment rates
49 years old or younger: 0.04
50 years or older: 0.00
(2) Retirement rates
| An employee whose age and years of service add up or would add up to 85 or more (criterion 85) at age 50 or older but before age 60: | — 35% at criterion 85 |
| — 100% (of the remaining 65%) at 35 years of service or at age 65 if the employee attains that age without attaining 35 years of service | |
| An employee who has fewer than 25 years of service at age 60 or older: | — 40% at age 60 |
| — 100% (of the remaining 60%) at age 65 | |
| An employee who has at least 35 years of service at the time of transfer: | — 75% 6 months after the transfer |
| — 100% (of the remaining 25%) at 40 years of service | |
| An employee who is 60 years of age or older at the time of transfer: | — 40% 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 |
If the last 2 criteria apply, the assumption retained is that of the criterion of 35 years of service.
SCHEDULE VI
(s. 37)
ACTUARIAL ASSUMPTIONS
(1) End of employment rates
49 years old or younger: 0.04
50 years or older: 0.00
(2) Retirement rates
An employee whose age and years of service add up or would add up to 85 or more (criteria 85) at age 50 or older but before age 60:
— 35% at criteria 85
— 100% (of the remaining 65%) at 35 years of service or at age 65 if the employee attains that age without attaining 35 years of service
An employee who has fewer than 25 years of service at age 60 or older:
— 40% at age 60
— 100% (of the remaining 60%) at age 65
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 20%) at 40 years of service
An employee who is 60 years of age or older at the time of transfer:
— 40% 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
If the last 2 criteria apply, the assumption retained is that of the criteria of 35 years of service.
SCHEDULE VI
(s. 37)
ACTUARIAL ASSUMPTIONS
(1) End of employment rates
49 years old or younger: 0.02
50 years old or older: 0.00
(2) Retirement rates
An employee whose age and years of service add up or would add up to 85 or more (criteria 85) at age 50 or older but before age 60:
— 40% at criteria 85
— 100% (of the remaining 60%) at 35 years of service or at age 65 if the employee attains that age without attaining 35 years of service
An employee who has fewer than 25 years of service at age 60 or older:
— 60% at age 60
— 100% (of the remaining 40%) at age 65
An employee who has at least 35 years of service at the time of transfer:
— 70% 6 months after the transfer
— 100% (of the remaining 30%) at 38 years of service
An employee who is 60 years of age or older at the time of transfer:
— 40% 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
If the last 2 criteria apply, the assumption retained is that of the criteria of 35 years of service.
