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

Section 133.12 Disposition versions

2000-06-16

133.12. Before 31 December 2000, the following transfers shall be made :

(1)  from the dedicated fund to the Consolidated Revenue Fund, an amount of $10,600,000 on 1 January 2000, intended for the financing of the additional benefits that result from the application, from 1 January 2000, of sections 33, 74.1 and 74.2, and that pertain to the years and parts of a year of service relating to the Teachers Pension Plan and the Civil Service Superannuation Plan which have been transferred to this plan ;

(2)  from the dedicated fund to the employers’ contributory fund, an amount of $12,100,000 on 1 January 2000, intended for the financing of 2/12 of the additional benefits that result from the application, from 1 January 2000, of sections 33, 74.1 and 74.2, and that pertain to the years and parts of a year of service credited and prior to 1 July 1982

The amounts established under subparagraphs 1 and 2 of the first paragraph shall bear interest from 1 January 2000 until the date of each transfer, at the rate determined under section 133.7.

2000, c. 32, s. 27.