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

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113. Every employee who applies therefor within 12 months of the date on which he begins to contribute to this plan is entitled to be credited with the years and parts of a year of active service in the regular Canadian Forces or in the forces levied by Canada in wartime contemplated by the Canadian Forces Superannuation Act (Revised Statutes of Canada, 1985, chapter C-17), if he does not receive retirement benefits under the said Act.
The years and parts of a year are computed by the application of sections 88 to 93 and 95 to 97. However, the annual pensionable salary used to compute the pension credit is the salary that the employee receives on the date on which he begins to contribute to this plan.
The first and second paragraphs apply to an employee referred to in section 3.2 if the employee has not contributed to the Government and Public Employees Retirement Plan and if the employee applies therefor within 12 months of the date on which the employee begins to contribute to the Pension Plan of Management Personnel.
1973, c. 12, s. 100; 1982, c. 33, s. 13; 1983, c. 24, s. 1; 1987, c. 47, s. 49; 2001, c. 31, s. 301.
113. Every employee who applies therefor within 12 months of the date on which he begins to contribute to this plan is entitled to be credited with the years and parts of a year of active service in the regular Canadian Forces or in the forces levied by Canada in wartime contemplated by the Canadian Forces Superannuation Act (Revised Statutes of Canada, 1985, chapter C-17), if he does not receive retirement benefits under the said Act.
The years and parts of a year are computed by the application of sections 88 to 93 and 95 to 97. However, the annual pensionable salary used to compute the pension credit is the salary that the employee receives on the date on which he begins to contribute to this plan.
1973, c. 12, s. 100; 1982, c. 33, s. 13; 1983, c. 24, s. 1; 1987, c. 47, s. 49.
113. Every employee who applies therefor within 12 months of the date on which he begins to contribute to this plan is entitled to be credited with the years and parts of a year of active service in the regular Canadian Forces or in the forces levied by Canada in wartime contemplated by the Canadian Forces Superannuation Act (Revised Statutes of Canada, 1970, chapter C-9), if he does not receive retirement benefits under the said Act.
The years and parts of a year are computed by the application of sections 88 to 93 and 95 to 97. However, the annual pensionable salary used to compute the pension credit is the salary that the employee receives on the date on which he begins to contribute to this plan.
1973, c. 12, s. 100; 1982, c. 33, s. 13; 1983, c. 24, s. 1; 1987, c. 47, s. 49.
113. Every employee who applies therefor within 12 months of beginning to contribute to this plan is entitled to be credited with the years and parts of a year of active service in the regular Canadian Forces or in the forces levied by Canada in wartime contemplated by the federal Canadian Forces Superannuation Act, (R.S.C., 1970, chapter C-9) if he does not receive retirement benefits under the said Act.
The years and parts of a year are computed by the application of sections 88 to 93 and 95 to 97. However, the annual pensionable salary serving to compute the pension credit is the salary that the employee receives on the date on which he begins to contribute to this plan.
1973, c. 12, s. 100; 1982, c. 33, s. 13; 1983, c. 24, s. 1.
113. If, following the actuarial valuation of a supplemental pension plan, the Commission considers that the contributory amount of the employer is greater than the contribution of the employees, the contribution shall be increased by 1/4% per year from 1 July 1982 or, if the body was not already subject, from the date on which it becomes subject or from any later date determined by regulation, until the contribution of the employee, taking into account the contribution to the Régime de rentes du Québec, reaches 6.25%. The contributory amount of the employer shall be reduced in the same proportion per year.
However, if the amount of the retirement pension is established on a basis more advantageous than the average salary for the five best remunerated years or if the maximum percentage of the average salary serving as the basis of computation of the pension is greater than 70% or if the annuity is adjusted by indexing after retirement, the contribution of the employee shall be increased by the same percentage per year until it reaches one-half of the cost of the plan without taking into account the limit of 6.25%.
1973, c. 12, s. 100; 1982, c. 33, s. 13.
113. If an actuarial valuation shows the Commission that the contribution of the employer to a supplemental plan is more than 140% of the contribution of the employee, the latter contribution shall be increased by 1/4% per year from July 1 1973 or from a later date determined by regulation and the contribution of the employer shall be reduced by the same percentage until the contribution of the employees is equivalent to five-twelfths of the total cost of the plan or until the percentage of the contribution of the employees, taking into account the contribution to the Québec Pension Plan, reaches 61/4%.
However, if the amount of the retirement pension is established on a basis more advantageous than the average salary for the five best remunerated years or if the maximum percentage of the average salary serving as the basis of computation of the pension is greater than 70% or if the annuity is adjusted by indexing after retirement, the contribution of each employee increases by 1/4% per year until such contributions reach five-twelfths of the total cost of the plan even if the percentage of the contribution, taking account of the contribution to the Québec Pension Plan, is more than 61/4%.
Furthermore, no supplemental plan shall be amended without prior approval by the Commission and any amendment so made will be at the expense of the employees if it entails additional costs.
1973, c. 12, s. 100.