R-10 - Act respecting the Government and Public Employees Retirement Plan

Section 96 Disposition versions

2010-04-01

96. (Repealed).

1973, c. 12, s. 84; 1983, c. 24, s. 1; 1988, c. 82, s. 36; 1990, c. 87, s. 60; 1993, c. 41, s. 18; 1997, c. 50, s. 43; 2007, c. 43, s. 76.

1997-07-01

96. The instalments required to pay for the cost of the pension credit may be spread over a period equal to the period corresponding to one-half of the service that the employee wishes to be credited with, or if the instalments, including the interest referred to in section 97, exceed $3,500 per year, over as many instalments of $3,500 per year as are required for full payment of pension credit, except the last instalment.

In no case may the instalments be paid after the earlier of the following dates:

(1)  the date on which the employee ceased to be an employee within the meaning of the plan;

(2)  31 December of the year in which he attains 69 years of age.

However, where the employee is entitled to a deferred annuity, no instalment may be paid after the date on which he retires.

1973, c. 12, s. 84; 1983, c. 24, s. 1; 1988, c. 82, s. 36; 1990, c. 87, s. 60; 1993, c. 41, s. 18; 1997, c. 50, s. 43.

1993-06-18

96. The instalments required to pay for the cost of the pension credit may be spread over a period equal to the period corresponding to one-half of the service that the employee wishes to be credited with, or if the instalments, including the interest referred to in section 97, exceed $3 500 per year, over as many instalments of $3 500 per year as are required for full payment of pension credit, except the last instalment.

In no case may the instalments be paid after the earlier of the following dates:

(1)  the date on which the employee ceased to be an employee within the meaning of the plan;

(2)  31 December of the year in which he attains 71 years of age.

However, where the employee is entitled to a deferred annuity, no instalment may be paid after the date on which he retires.

1973, c. 12, s. 84; 1983, c. 24, s. 1; 1988, c. 82, s. 36; 1990, c. 87, s. 60; 1993, c. 41, s. 18.

1991-01-01

96. The instalments required to pay for the cost of the pension credit may be spread over a period equal to the period corresponding to one-half of the service that the employee wishes to be credited with, or if the instalments, including the interest referred to in section 97, exceed $3 500 per year, over as many instalments of $3 500 per year as are required for full payment of pension credit, except the last instalment.

In no case may the instalments be paid after the earlier of the following dates:

(1)  the date on which the employee ceased to be an employee within the meaning of the plan;

(2)  the date on which he attains 71 years of age.

However, where the employee is entitled to a deferred annuity, no instalment may be paid after the date on which he retires.

1973, c. 12, s. 84; 1983, c. 24, s. 1; 1988, c. 82, s. 36; 1990, c. 87, s. 60.

1989-01-01

96. The instalments required to pay for the cost of the pension credit may be spread over a period equal to the period corresponding to one-half of the service that the employee wishes to be credited with, or if the instalments exceed $3 500 per year, over as many instalments of $3 500 per year as are required for full payment of pension credit, except the last instalment.

In no case may the instalments be paid after the earlier of the following dates:

(1)  the date on which the employee ceased to be an employee within the meaning of the plan;

(2)  the date on which he attains 71 years of age.

However, where the employee is entitled to a deferred annuity, no instalment may be paid after the date on which he retires.

1973, c. 12, s. 84; 1983, c. 24, s. 1; 1988, c. 82, s. 36.

1983-07-01

96. The instalments required to pay for the cost of the pension credit may be spread over a period equal to the period corresponding to one-half of the service that the employee wishes to be credited with, or if the instalments exceed $3 500 per year, over as many instalments of $3 500 per year as are required for full payment of pension credit, except the last instalment.

In no case may the instalments be made after the date on which the employee retires or later than the date when he reaches 71 years of age if he has not retired before that age.

1973, c. 12, s. 84; 1983, c. 24, s. 1.

1977-12-31

96. If the supplemental plan contemplated by section 92 is a money purchase plan within the meaning of the Act respecting supplemental pension plans, the funds from that plan accrued in respect of each employee shall be used to acquire pension credit computed in accordance with the criteria prescribed by regulation.

If the supplemental plan is a unit benefit plan within the meaning of the Act respecting supplemental pension plans, the pension credit accumulated in the said plan becomes pension credit contemplated by section 92, for the purposes of this plan.

The accumulated pension credit contemplated in the preceding paragraph must be adjusted by the administrator of the supplemental plan to take into account the terms and conditions provided for in sections 89 and 92. Such adjustment must not effect any variation in the commuted value of such pension credit.

1973, c. 12, s. 84.