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

Full text
127. Retraite Québec shall remit to the Caisse de dépôt et placement du Québec
(1)  the funds derived from the contributions deducted from the salary of the employees;
(2)  the sums paid by employees to redeem or purchase pension credit, as well as the funds transferred to Retraite Québec under sections 102, 110 and 112;
(2.1)  the sums paid by the employer under section 115.10.7.3;
(3)  the employer contributions paid pursuant to section 31;
(4)  the funds transferred to Retraite Québec under agreements respecting this plan and made under section 158.
However, Retraite Québec shall, according to such standards as the Government may determine, withhold such part of those amounts as it may need immediately to make payments during the period fixed by the Government.
1973, c. 12, s. 114; 1977, c. 5, s. 14; 1977, c. 21, s. 34; 1982, c. 33, s. 15; 1982, c. 51, s. 44; 1983, c. 24, s. 1; 1987, c. 107, s. 195; 1989, c. 73, s. 4; 1992, c. 67, s. 43; 2007, c. 43, s. 80; 2015, c. 27, s. 14; 2015, c. 20, s. 61; 2018, c. 42018, c. 4, s. 28.
127. Retraite Québec shall remit to the Caisse de dépôt et placement du Québec
(1)  the funds derived from the contributions deducted from the salary of the employees;
(2)  the sums paid by employees to redeem or purchase pension credit, as well as the funds transferred to Retraite Québec under sections 102, 110 and 112;
(3)  the employer contributions paid pursuant to section 31;
(4)  the funds transferred to Retraite Québec under agreements respecting this plan and made under section 158.
However, Retraite Québec shall, according to such standards as the Government may determine, withhold such part of those amounts as it may need immediately to make payments during the period fixed by the Government.
1973, c. 12, s. 114; 1977, c. 5, s. 14; 1977, c. 21, s. 34; 1982, c. 33, s. 15; 1982, c. 51, s. 44; 1983, c. 24, s. 1; 1987, c. 107, s. 195; 1989, c. 73, s. 4; 1992, c. 67, s. 43; 2007, c. 43, s. 80; 2015, c. 27, s. 14; 2015, c. 20, s. 61.
127. The Commission shall remit to the Caisse de dépôt et placement du Québec
(1)  the funds derived from the contributions deducted from the salary of the employees;
(2)  the sums paid by employees to redeem or purchase pension credit, as well as the funds transferred to the Commission under sections 102, 110 and 112;
(3)  the employer contributions paid pursuant to section 31;
(4)  the funds transferred to the Commission under agreements respecting this plan and made under section 158.
However, the Commission shall, according to such standards as the Government may determine, withhold such part of those amounts as it may need immediately to make payments during the period fixed by the Government.
1973, c. 12, s. 114; 1977, c. 5, s. 14; 1977, c. 21, s. 34; 1982, c. 33, s. 15; 1982, c. 51, s. 44; 1983, c. 24, s. 1; 1987, c. 107, s. 195; 1989, c. 73, s. 4; 1992, c. 67, s. 43; 2007, c. 43, s. 80; 2015, c. 27, s. 14.
127. The Commission shall remit to the Caisse de dépôt et placement du Québec
(1)  the funds derived from the contributions deducted from the salary of the employees;
(2)  the sums paid by employees to redeem or purchase pension credit, as well as the funds transferred to the Commission under sections 102, 110 and 112;
(3)  the contributory amounts received from the employers listed in Schedule III.1 and the contributions paid pursuant to section 31;
(4)  the funds transferred to the Commission under agreements respecting this plan and made under section 158.
However, the Commission shall, according to such standards as the Government may determine, withhold such part of those amounts as it may need immediately to make payments during the period fixed by the Government.
1973, c. 12, s. 114; 1977, c. 5, s. 14; 1977, c. 21, s. 34; 1982, c. 33, s. 15; 1982, c. 51, s. 44; 1983, c. 24, s. 1; 1987, c. 107, s. 195; 1989, c. 73, s. 4; 1992, c. 67, s. 43; 2007, c. 43, s. 80.
127. The Commission shall remit to the Caisse de dépôt et placement du Québec
(1)  the funds derived from the contributions deducted from the salary of the employees;
(2)  the contributions or funds paid by employees to redeem or purchase pension credit, as well as the funds transferred to the Commission under sections 102, 110 and 112;
(3)  the contributory amounts received from the employers listed in Schedule III.1 and the contributions paid pursuant to section 31;
(4)  the funds transferred to the Commission under agreements respecting this plan and made under section 158.
However, the Commission shall, according to such standards as the Government may determine, withhold such part of those amounts as it may need immediately to make payments during the period fixed by the Government.
1973, c. 12, s. 114; 1977, c. 5, s. 14; 1977, c. 21, s. 34; 1982, c. 33, s. 15; 1982, c. 51, s. 44; 1983, c. 24, s. 1; 1987, c. 107, s. 195; 1989, c. 73, s. 4; 1992, c. 67, s. 43.
127. The Commission shall remit to the Caisse de dépôt et placement du Québec
(1)  the funds derived from the contributions deducted from the salary of the employees;
(2)  the contributions of funds paid by employees to redeem or purchase pension credit, as well as the funds transferred to the Commission under sections 102, 110 and 112;
(3)  the contributory amounts received from the employers contemplated in paragraph 1 of Schedule III and in Schedule III.1;
(4)  the funds transferred to the Commission under agreements respecting this plan and made under section 158.
However, the Commission shall, according to such standards as the Government may determine, withhold such part of those amounts as it may need immediately to make payments during the period fixed by the Government.
1973, c. 12, s. 114; 1977, c. 5, s. 14; 1977, c. 21, s. 34; 1982, c. 33, s. 15; 1982, c. 51, s. 44; 1983, c. 24, s. 1; 1987, c. 107, s. 195; 1989, c. 73, s. 4.
127. The Commission shall remit to the Caisse de dépôt et placement du Québec
(1)  the funds derived from the contributions deducted from the salary of the employees;
(2)  the contributions of funds paid by employees to redeem or purchase pension credit, as well as the funds transferred to the Commission under sections 102, 110 and 112;
(3)  the contributory amounts received from the employers contemplated in paragraph 1 of Schedule III;
(4)  the funds transferred to the Commission under agreements respecting this plan and made under section 158.
However, the Commission shall, according to such standards as the Government may determine, withhold such part of those amounts as it may need immediately to make payments during the period fixed by the Government.
1973, c. 12, s. 114; 1977, c. 5, s. 14; 1977, c. 21, s. 34; 1982, c. 33, s. 15; 1982, c. 51, s. 44; 1983, c. 24, s. 1; 1987, c. 107, s. 195.
127. The Commission shall remit to the Caisse de dépôt et placement du Québec
(1)  the funds derived from the contributions deducted from the salary of the employees;
(2)  the contributions of funds paid by employees to redeem or purchase pension credit, as well as the funds transferred to the Commission under sections 101, 110 and 112;
(3)  the contributory amounts received from the employers contemplated in paragraph 1 of Schedule III;
(4)  the funds transferred to the Commission under agreements respecting this plan and made under section 158.
However, the Commission shall, according to such standards as the Government may determine, withhold such part of those amounts as it may need immediately to make payments during the period fixed by the Government.
1973, c. 12, s. 114; 1977, c. 5, s. 14; 1977, c. 21, s. 34; 1982, c. 33, s. 15; 1982, c. 51, s. 44; 1983, c. 24, s. 1.
127. The payment of benefits due as pensions, pension credit, reimbursements and the payment of amounts necessary in cases of transfer are made by the Commission.
The sums necessary for such payments are taken, first, out of the sums withheld by the Commission under section 123, and thereafter, out of the sums paid to the Caisse de dépôt et placement du Québec
(1)  in the proportion of 5/12 out of the employees contribution fund and of 7/12 out of the employers contributory fund for the years of service credited in such proportion;
(2)  in equal proportions out of such funds for the years of service credited in such proportion.
However, for the part of service performed under the Civil Service Superannuation Plan or the Teachers Pension Plan, the sums are taken out of the consolidated revenue fund.
1973, c. 12, s. 114; 1977, c. 5, s. 14; 1977, c. 21, s. 34; 1982, c. 33, s. 15; 1982, c. 51, s. 44.
127. The payment of benefits due as pensions, deferred pensions, pension credit, reimbursements and the payment of amounts necessary in cases of transfer are made by the Commission.
The sums necessary for such payments are taken, first, out of the sums withheld by the Commission under section 123, and thereafter, out of the sums paid to the Caisse de dépôt et placement du Québec
(1)  in the proportion of 5/12 out of the employees contribution fund and of 7/12 out of the employers contributory fund for the years of service credited in such proportion;
(2)  in equal proportions out of such funds for the years of service credited in such proportion.
However, for the part of service performed under the Civil Service Superannuation Plan or the Teachers Pension Plan, the sums are taken out of the consolidated revenue fund.
1973, c. 12, s. 114; 1977, c. 5, s. 14; 1977, c. 21, s. 34; 1982, c. 33, s. 15.
127. The Commission shall pay the pensions, deferred pensions, pension credit, benefits, reimbursements and amounts necessary in cases of transfer.
The pensions, deferred pensions, pension credit acquired under sections 81, 91, 95, 102 and 154, benefits and reimbursements payable under this act shall be paid in the proportion of 5/12 for the contributions of the employees and 7/12 for the contributory amounts of the employers, first, out of the sums retained by the Commission under section 123, and thereafter, out of the funds entrusted to the administration of the Caisse de dépôt et placement du Québec.
If the contributory amounts of the employers are inadequate, the amounts required for the payment of the 7/12 of the pensions, deferred pensions, pension credit, benefits and reimbursements provided for in the second paragraph shall be drawn from the funds capitalized under section 122, if any, or drawn from the consolidated revenue fund and transmitted to the Commission by the Minister of Finance at the times and on the terms and conditions prescribed by regulation.
However, the part of the disbursements made as pension payments or reimbursement of an employee’s contributions for his service which was prior to his transfer from the Civil Service Superannuation Plan or the Teachers Pension Plan to this plan shall be at the expense of the Government. The amounts for such purpose shall be drawn from the consolidated revenue fund and transmitted to the Commission by the Minister of Finance at the times and on the terms and conditions prescribed by regulation.
The second and third paragraphs apply to the payments to be made where an employee transfers to the service of a government, corporation or institution with which the Commission has concluded an agreement under section 154. However, that part of the payments which regard an employee’s service preceding his transfer from the Civil Service Superannuation Plan or the Teachers Pension Plan to this plan shall be at the expense of the Government and the amounts for such purpose shall be drawn from the consolidated revenue fund and transmitted to the Commission in the manner provided for in the fourth paragraph.
The pension credit acquired under section 92 shall be paid out of the funds transferred to the Commission under the said section. If the transferred funds are inadequate, the payment of such pension credit shall be at the expense of the Government and the amounts for such purpose shall be drawn from the consolidated revenue fund and transmitted to the Commission in the manner provided for in the fourth paragraph.
1973, c. 12, s. 114; 1977, c. 5, s. 14; 1977, c. 21, s. 34.