5. Interest, compounded annually, is computed at the rate established each year in accordance with section 1 until the date on which the refund application is received by Retraite Québec, at the rate established as provided in section 1.1 and in force on that date, as of the day following that date until the date on which the refund is made.
Despite the first paragraph, if the event giving entitlement to the refund is the death of the member, the period of application of section 1.1 begins on the day following the date of death and if the event is the death of the beneficiary or the surviving spouse, the period begins on the first day of the month following the date of death.
O.C. 1742-89, s. 5; O.C. 20-2007, s. 4.