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R-9.3, r. 1 - Regulation respecting the application of the Act respecting the Pension Plan of Elected Municipal Officers

Section 1
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1. For the purposes of the second paragraph of section 54.1 of the Act respecting the Pension Plan of Elected Municipal Officers (chapter R-9.3), the annual rate of interest is determined by computing the geometric mean of the annual rates of return for the 3-year period ending on 31 December of the year preceding the reference year, according to the formula in Schedule I. The first rate of interest determined applies from 1 August 2004 and, thereafter, as of 1 June of each year.
The annual rate of return is the rate determined by the Caisse de dépôt et placement du Québec on 31 December of each year for the specific fund of the Pension Plan of Elected Municipal Officers, after deduction of the management expenses.
O.C. 1742-89, s. 1; O.C. 663-94, s. 1; O.C. 1009-2005, s. 1; O.C. 20-2007, s. 2.
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