R-10 - Act respecting the Government and Public Employees Retirement Plan

Section 219 Disposition versions

2010-06-07

219. For the purpose of computing the interest, the following conditions apply:

(1)  the employee contributions within the meaning of section 50 and related to a year, except those to which subparagraphs 2 and 3 apply, are deemed to have been received at the midpoint of the period during which the employee was, during the year, a member of the Government and Public Employees Retirement Plan or of another plan out of which service was transferred to the Government and Public Employees Retirement Plan;

(2)  in respect of the sums paid for the redemption of years or parts of a year of service credited or counted under that plan, the interest is computed from the date of their payment;

(3)  in respect of the sums the employee paid into a pension plan out of which service was transferred to the Government and Public Employees Retirement Plan under section 101, 109.2, 109.8 or 158, the interest is computed from the date the sums concerned were transferred.

The other conditions for computing the interest on the contributions within the meaning of section 50 are established by regulation.

1983, c. 24, s. 1; 1987, c. 107, s. 208; 2004, c. 39, s. 172; 2007, c. 43, s. 90.

2005-01-01

219. For the purposes of computing the interest, the contributions of the employee within the meaning of section 50, except the amounts that the employee had paid into a pension plan from which the service was transferred to the plan established under this Act pursuant to sections 101, 109.2, 109.8 and 158, are deemed received at the mid-point of each year. The manner of computing the interest on any contribution of the employee within the meaning of section 50 is established by regulation.

1983, c. 24, s. 1; 1987, c. 107, s. 208; 2004, c. 39, s. 172.

1999-04-01

219. For the purposes of computing the interest, the contributions of the employee within the meaning of section 50, except the amounts that the employee had paid into a pension plan from which the service was transferred to the plan established under this Act pursuant to sections 101, 115.7 and 158, are deemed received at the mid-point of each year. The manner of computing the interest on any contribution of the employee within the meaning of section 50 is established by regulation.

1983, c. 24, s. 1; 1987, c. 107, s. 208.

1983-07-01

219. For the purposes of computing the amount of interest applicable to the contributions of the employee and to the other sums provided for by regulation, the contributions and the other sums are deemed received at the mid-point of each year, and the mode of computing the interest is established in the manner determined by regulation.

1983, c. 24, s. 1.