R-10, r. 10 - Pension plan for federal employees transferred to employment with the Gouvernement du Québec

Section 32 Disposition versions

2012-09-01

32. Where the contributor has not paid the full amount payable under sections 27 to 29 upon ceasing to hold employment with his employer, the balance shall be deducted from any benefit that is or becomes payable to him or in his respect under the Act, as follows:

(1)  in the case of a pension or annual allowance:

(a)  either in equal deductions from the monthly payments of pension or annual allowance over a period equal to the fraction of the period referred to in section 31 and for which no payment was made under sections 27 to 29; such deduction shall not exceed 30% of the gross monthly payments;

(b)  or, where the beneficiary so elects, by the deduction of a lump sum once the pension or annual allowance becomes payable;

(2)  in the case of a benefit not referred to in paragraph 1, by the deduction of a lump sum as soon as the benefit becomes payable.

O.C. 430-93, s. 32.