224.30.1. A person whose years and parts of a year of service are credited under the pension plan provided for in this Part and under section 224.30 may have an amount corresponding to the value of the benefits accrued to the person under the Pension Plan of Management Personnel transferred to that pension plan, except for the benefits accrued in connection with the person’s holding office as a presiding justice of the peace after 29 June 2004. The value is established at 31 December 2016 under the third paragraph of section 224.30. The transfer gives entitlement to a deferred life annuity payable at 65 years of age, which shall be added to the pension accrued under the pension plan provided for in this Part.
The transfer application shall be made by 16 March 2020.
Retraite Québec shall determine the amount of the deferred pension at 31 December 2016 on the basis of the value established in the first paragraph and according to the actuarial assumptions and methods used in the actuarial valuation prepared in accordance with section 246.26 and on the basis of the data as at 31 December 2013.
The deferred pension is indexed annually in accordance with the first paragraph of section 224.23, beginning on 1 January following the date on which it becomes payable.
Section 246.23.3 applies, with the necessary modifications, to the deferred pension.