R-9 - Act respecting the Québec Pension Plan

Section 218.2.3 Disposition versions

2024-01-01

218.2.3. The first additional contribution rate for a year is equal to the first additional contribution rate for the preceding year to which is added the annual rate of adjustment of additional contributions determined as follows:

(a)  for the year that follows the calculation of the most recent difference giving rise to an adjustment,

(1)  –0.1% if the total rate of adjustment is equal to or less than –0.1%, or

(2)  0.1% if the total rate of adjustment is equal to or greater than 0.1%;

(b)  for the second year that follows the calculation of the most recent difference giving rise to an adjustment,

(1)  –0.1% if the total rate of adjustment is equal to or less than –0.2%,

(2)  0.1% if the total rate of adjustment is equal to or greater than 0.2%, or

(3)  0% if the total rate of adjustment is –0.1% to 0.1%; and

(c)  for the third year that follows the calculation of the most recent difference giving rise to an adjustment,

(1)  –0.1% if the total rate of adjustment is equal to or less than –0.3%,

(2)  0.1% if the total rate of adjustment is equal to or greater than 0.3%, or

(3)  0% if the total rate of adjustment is –0.2% to 0.2%.

2023, c. 30, s. 17.