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

Full text
95. To be entitled to a pension credit, the employee must pay a sum determined in accordance with the tariff established by regulation. The tariff may vary with the employee’s age on the date the application is received at the Commission and the year of service covered by the pension credit.
The employee may pay such sums by cash payment, by instalments over the period and at the times determined by the Commission or by using all or part of his accumulated sick leave. In this last case, his employer shall pay the whole or part of the sum according to the terms and conditions determined by the Commission. If the sum is paid by instalments, it bears interest, compounded annually, at the rate determined in Schedule VII and in force on the date on which the application is received, computed from the date on which the redemption proposal made by the Commission expires.
1973, c. 12, s. 83; 1983, c. 24, s. 1; 2004, c. 39, s. 122; 2007, c. 43, s. 75.
95. To be entitled to a pension credit, the employee must pay a sum determined in accordance with the tariff established by regulation. The tariff may vary with the employee’s age on the date the application is received at the Commission and the year of service covered by the pension credit.
The employee may pay such sums by cash payment, by instalments or by using all or part of his accumulated sick leave. In this last case, his employer shall pay the whole or part of the sum according to the terms and conditions determined by the Commission.
1973, c. 12, s. 83; 1983, c. 24, s. 1; 2004, c. 39, s. 122.
95. To be entitled to a pension credit, the employee must pay
(1)  in respect of service prior to 1 July 1982, the sum determined in accordance with the tariff of premiums appearing in Schedule IV;
(2)  in respect of service subsequent to 30 June 1982, the sum determined in accordance with the tariff of premiums appearing in Schedule V.
The employee may pay such sums by cash payment, by instalments or by using all or part of his accumulated sick leave. In this last case, his employer shall pay the whole or part of the sum according to the terms and conditions determined by the Commission.
1973, c. 12, s. 83; 1983, c. 24, s. 1.
95. An employee credited under section 92 with less than fifteen years of service is entitled to pension credit established in the manner provided in sections 82 to 88, but based on his annual pensionable salary on July 1 1973. Such pension credit shall be computed in accordance with the number of years by which the years credited to the employee by virtue of section 92 and for which pension credit has been obtained or a paid-up annuity certificate issued, is exceeded by the lesser of:
(a)  15 years; and
(b)  the number of years for which the employee has held an employment with a body contemplated in this act or which, in the opinion of the Commission, would have been had it not ceased to exist.
However, the employee shall not be credited, under this section, with one or more years for which a pension, a deferred annuity or a paid-up annuity is payable by virtue of a retirement pension plan.
1973, c. 12, s. 83.