R-10, r. 7.1 - Regulation respecting the partition and assignment of benefits accrued under the Régime de retraite des employés en fonction au Centre hospitalier Côte des Neiges

Section 14 Disposition versions

2012-09-01

14. If the amount paid to the spouse comes from an entitlement to a refund of contributions, to a cash termination allowance or to a deferred retirement pension, the member’s or former member’s benefits shall be established in accordance with the plan and shall be recalculated as follows:

(1)  where the member or former member is entitled to a refund of contributions, the amount of the refund shall be reduced by the sums awarded to the spouse at the date of assessment with interest compounded annually at the rate of 4% and accrued from the date of assessment to the date on which the refund is made; or

(2)  where the member or former member is entitled to a deferred retirement pension or to a retirement pension, his pension shall be reduced from the date on which it becomes payable or from the date of payment, as the case may be, by the amount of pension that would be obtained on the basis of the sums awarded to the spouse at the date of assessment.

T.B. 197248, s. 14.