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

Full text
107.1. The Government may increase, by regulation applicable from 1 January 2000, the pension credits obtained under section 101, fix the limits applicable to the increases and provide for special provisions that may vary from those provided for in sections 91, 92 and 107 by using the actuarial surplus pertaining to the pension credits. The Government shall determine the portion of the surplus to be applied to the increase and the application of the special provisions and, if applicable, the rules of redistribution of the surpluses.
Subsequently, the pension credits may be increased from 1 January of each year that follows the production of the actuarial valuation of the pension credits where the valuation determines a surplus. The Government may, for that purpose, exercise the powers provided for in the first paragraph.
The manner in which pension credits are adjusted and the special provisions applicable under the first and second paragraphs may vary according to the nature of the pension credits and the supplemental pension plan under which they were obtained.
1999, c. 73, s. 8; 2000, c. 32, s. 22.
107.1. The Government may, by regulation, increase the pension credits credited under section 101 where the actuarial valuation of the pension credits determines a surplus. The Government shall determine the portion of the surplus to be applied to the increase.
The increase may vary according to the nature of the pension credits and the supplemental pension plan under which they have been credited. The Government shall determine the date from which the increase is granted.
1999, c. 73, s. 8.