C-52.1 - Act respecting the conditions of employment and the pension plan of the Members of the National Assembly

Section 29 Disposition versions

1992-05-27

29. Every pension credit shall be indexed annually on 1 January following the year in respect of which the credit is granted and until 1 January preceding the date on which the retirement pension becomes payable, according to the rate of increase in the Pension Index established under the Act respecting the Québec Pension Plan (chapter R-9).

1982, c. 66, s. 29; 1987, c. 109, s. 6; 1988, c. 82, s. 214; 1992, c. 9, s. 2.

1988-12-23

29. A Member may redeem and have counted, for pension purposes, in whole or in part, the period during which he contributed to the retirement pensions system established by the Legislature Act (chapter L-1) and in respect of which he obtained the withdrawal of his contributions under the said Act before 1 January 1983, except if he has already redeemed that period pursuant to a provision of another Act.

A Member who wishes to avail himself of this section must give a written notice to that effect to the Office and pay into the consolidated revenue fund, for each previous year or fraction of a previous year redeemed, an amount equal to the contribution which would have been withheld, under section 22, from his indemnity at the time of the application for redemption.

For each year of service so redeemed, he is granted a pension credit computed on the basis of the indemnity he receives at the time of the application for redemption at the percentage rate provided for the year in which the pension credit is granted; the pension credit is reduced in the manner provided in section 37.

For each fraction of a year of service so redeemed, he is granted an equivalent fraction of a pension credit.

The pension credits so granted are added to the pension credit for the year of the application for redemption.

1982, c. 66, s. 29; 1987, c. 109, s. 6; 1988, c. 82, s. 214.

1987-12-18

29. A Member may redeem and have counted, for pension purposes in whole or in part, the time during which he had already contributed under the retirement pension scheme established by the Legislature Act (chapter L-1) and in respect of which he obtained the withdrawal of his contributions under the said Act before 1 January 1983.

A Member who wishes to avail himself of this section must give a written notice to that effect to the Office and pay into the consolidated revenue fund, for each previous year or fraction of a previous year redeemed, an amount equal to the contribution which would have been withheld, under section 22, from his indemnity at the time of the application for redemption.

For each year of service so redeemed, he is granted a pension credit computed on the basis of the indemnity he receives at the time of the application for redemption at the percentage rate provided for the year in which the pension credit is granted; the pension credit is reduced in the manner provided in section 37.

For each fraction of a year of service so redeemed, he is granted an equivalent fraction of a pension credit.

The pension credits so granted are added to the pension credit for the year of the application for redemption.

1982, c. 66, s. 29; 1987, c. 109, s. 6.

1983-01-01

29. A Member may redeem and have counted, for pension purposes in whole or in part, the time during which he had already contributed under the retirement pension scheme established by the Legislature Act (chapter L-1) and in respect of which he obtained the withdrawal of his contributions under the said Act before 1 January 1983.

A Member who wishes to avail himself of this section must give a written notice to that effect to the Office and pay into the consolidated revenue fund, for each previous year or fraction of a previous year redeemed, an amount equal to the contribution which would have been withheld, under section 22, from his indemnity at the time of the application for redemption.

For each year of service so redeemed, he is granted a pension credit equal to 4% of the indemnity he receives at the time of the application for redemption; the pension credit is reduced in the manner provided in section 37.

For each fraction of a year of service so redeemed, he is granted an equivalent fraction of a pension credit.

The pension credits so granted are added to the pension credit for the year of the application for redemption.

1982, c. 66, s. 29.