132.1. Where an application for the redemption of years or parts of a year is made to the Commission under this plan, the Commission shall send the employee a redemption proposal valid for a period of 60 days from the date it is made.
The application for redemption is deemed never to have been made if the Commission does not receive from the employee before the 60-day period expires a notice to the effect that he accepts the proposal.
In addition, the application is deemed never to have been made if the lump sum payment of the cost of redemption is not made before the 60-day period expires, where such a payment is exigible owing to the choice made by the employee or by operation of law. Where payment is exigible by instalments and the employee fails to make a payment, the application for redemption is deemed never to have been made in respect of service for which the payments have not been made if the employee does not make the overdue payment within 30 days after the date of a notice from the Commission to that effect. In that case, the most recent service is credited first. However, in the case of sections 20, 27, 29, 30 and 38, the application for redemption is deemed never to have been made in respect of all the service, and the amounts paid by the employee shall be refunded with the interest contemplated in and computed pursuant to section 72.
No interest is computed for the period during which the redemption proposal provided for in the first paragraph is valid. Where the Commission refuses the redemption of years or parts of years and its decision is quashed following a review or arbitration based on the data contained in the record at the time of the refusal, no interest is computed in respect of such years or parts of years between the date of the refusal and the date on which the redemption proposal expires. As well, no interest is computed in respect of the period between the expiry date of a redemption proposal in respect of which the cost is contested and the expiry date of a new proposal made following a decision by the reexamination committee or arbitrator that modifies the cost.
1990, c. 87, s. 28; 1991, c. 77, s. 32; 1992, c. 67, s. 27; 1993, c. 41, s. 9; 1993, c. 74, s. 7; 1994, c. 20, s. 6; 2002, c. 30, s. 27.