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

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92. If the date on which the pension credit becomes payable is prior to the date of the employee’s sixty-fifth birthday, the pension credit is reduced, for its duration, by 0.5% per month, computed for each month falling between the date on which pension credit is payable to him and his sixty-fifth birthday.
However, if the beneficiary comes to be contemplated in the second paragraph of section 153 of the Act respecting the Pension Plan of Management Personnel (chapter R-12.1) pursuant to section 3.2 of this Act, the reduced pension credit is increased by 0.5% per month, computed for each month comprised in the period during which pension credit is not paid before 65 years of age.
1973, c. 12, s. 82; 1974, c. 9, s. 19; 1982, c. 51, s. 34; 1983, c. 24, s. 1; 1997, c. 50, s. 42; 2001, c. 31, s. 295; 2007, c. 43, s. 73.
92. If the date on which the pension credit becomes payable is prior to the date of the employee’s sixty-fifth birthday, the pension credit is reduced, for its duration, by 0.5 % per month, computed for each month falling between the date on which pension credit is payable to him and his sixty-fifth birthday.
However, if the beneficiary comes to be contemplated in section 117 of this Act or the second paragraph of section 153 of the Act respecting the Pension Plan of Management Personnel (chapter R-12.1) pursuant to section 3.2 of this Act, the reduced pension credit is increased by 0.5 % per month, computed for each month comprised in the period during which pension credit is not paid before 65 years of age.
1973, c. 12, s. 82; 1974, c. 9, s. 19; 1982, c. 51, s. 34; 1983, c. 24, s. 1; 1997, c. 50, s. 42; 2001, c. 31, s. 295.
92. If the date on which the pension credit becomes payable is prior to the date of the employee’s sixty-fifth birthday, the pension credit is reduced, for its duration, by 0.5 % per month, computed for each month falling between the date on which pension credit is payable to him and his sixty-fifth birthday.
However, if the beneficiary comes to be contemplated in section 117, the reduced pension credit is increased by 0.5 % per month, computed for each month comprised in the period during which pension credit is not paid before 65 years of age.
1973, c. 12, s. 82; 1974, c. 9, s. 19; 1982, c. 51, s. 34; 1983, c. 24, s. 1; 1997, c. 50, s. 42.
92. If the date on which the annual pension becomes payable is prior to the date of the employee’s sixty-fifth birthday, the pension credit is reduced, for its duration, by 0.5% per month, computed for each month falling between the date on which pension credit is payable to him and his sixty-fifth birthday.
However, if the beneficiary comes to be contemplated in section 117, the reduced pension credit is increased by 0.5% per month, computed for each month comprised in the period during which pension credit is not paid before 65 years of age.
1973, c. 12, s. 82; 1974, c. 9, s. 19; 1982, c. 51, s. 34; 1983, c. 24, s. 1.
92. Employees contributing to a supplemental pension plan who, in accordance with this act, elect to contribute to this plan, are entitled to pension credit computed according to the years of service and the salary with which they are entitled to be credited under such supplemental pension plan and the accumulated funds, excluding the voluntary additional contributions, are transferred to the Commission.
Notwithstanding any other adjustment provided for in the supplemental pension plan, sections 84.1 to 85.3 apply to all or part of the pension credit, mutatismutandis.
However, if the supplemental pension plan provided that the retirement pension to which the person would have been entitled was to be indexed by the rate of increase of the Pension Index determined in section 119 of the Act respecting the Québec Pension Plan (chapter R-9), the increase contemplated in sections 85.2 and 85.3 is the annual indexing pursuant to that rate.
Where the supplemental pension plan provides for the issuing of a paid-up annuity certificate in the case where an employee’s contributions cease to be paid and his accumulated contributions are not remitted to the Commission, the years of service credited under the supplemental plan shall be credited for the purposes of qualification for a pension or deferred annuity under this act and not for the purpose of computing such pension.
1973, c. 12, s. 82; 1974, c. 9, s. 19; 1982, c. 51, s. 34.
92. Employees contributing to a supplemental pension plan who, in accordance with this act, elect to contribute to this plan, are entitled to pension credit computed according to the years of service and the salary with which they are entitled to be credited under such supplemental pension plan and the accumulated funds, excluding the voluntary additional contributions, are transferred to the Commission.
The pension credit obtained is a life annuity payable from the age of sixty-five years.
However, if the employee ceases to hold an employment contemplated by this act at an age other than sixty-five years, the pension credit becomes payable on the same date as the annual pension.
If the date on which the annual pension so becomes payable is subsequent to the date of the sixty-fifth birthday of the employee, the pension credit shall be increased, for its duration, by 3/4 of one per cent per month, computed for each month falling between the sixty-fifth birthday of the employee and the date on which such pension becomes payable to him.
If the date on which the pension so becomes payable is prior to the sixty-fifth birthday of the employee, the pension credit shall be reduced, for its duration, by 1/2 of one per cent per month computed for each month falling between the date on which such pension becomes payable to the employee and his sixty-fifth birthday.
Where the supplemental pension plan provides for the issuing of a paid-up annuity certificate in the case where an employee’s contributions cease to be paid and his accumulated contributions are not remitted to the Commission, the years of service credited under the supplemental plan shall be credited for the purposes of qualification for a pension or deferred annuity under this act and not for the purpose of computing such pension.
1973, c. 12, s. 82; 1974, c. 9, s. 19.