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

Section 174
Disposition versions

Full text
174. Once every three years, the pension committee referred to in section 163 shall require Retraite Québec to cause to be prepared an actuarial valuation of the Government and Public Employees Retirement Plan by the actuaries designated by Retraite Québec. If no such request is made, Retraite Québec shall cause the actuarial valuation to be prepared if more than three years have elapsed since the last valuation.
The pension committee shall appoint an independent actuary charged with reporting to the committee, within 30 days of their appointment, on the validity of the assumptions used for the actuarial valuation.
The pension committee shall, within 90 days of receiving the report, send the actuarial valuation and the report to the Minister.
In addition, the pension committee shall require Retraite Québec to cause to be prepared by actuaries designated by Retraite Québec an annual update of the actuarial valuation. The pension committee shall send the update to the Minister within 90 days of its receipt.
1983, c. 24, s. 1; 1996, c. 53, s. 39; 2001, c. 31, s. 341; 2006, c. 55, s. 32; 2006, c. 49, s. 106; 2011, c. 24, s. 13; 2015, c. 20, s. 61; 2022, c. 22, s. 288.
174. Once every three years, the pension committee referred to in section 163 shall require Retraite Québec to cause to be prepared an actuarial valuation of the Government and Public Employees Retirement Plan by the actuaries designated by Retraite Québec. If no such request is made, Retraite Québec shall cause the actuarial valuation to be prepared if more than three years have elapsed since the last valuation.
The pension committee shall appoint an independent actuary charged with reporting to the committee, within 30 days of his appointment, on the validity of the assumptions used for the actuarial valuation.
The pension committee shall, within 90 days of receiving the report, send the actuarial valuation and the report to the Minister.
In addition, the pension committee shall require Retraite Québec to cause to be prepared by actuaries designated by Retraite Québec an annual update of the actuarial valuation. The pension committee shall send the update to the Minister within 90 days of its receipt.
1983, c. 24, s. 1; 1996, c. 53, s. 39; 2001, c. 31, s. 341; 2006, c. 55, s. 32; 2006, c. 49, s. 106; 2011, c. 24, s. 13; 2015, c. 20, s. 61.
174. Once every three years, the pension committee referred to in section 163 shall require the Commission to cause to be prepared an actuarial valuation of the Government and Public Employees Retirement Plan by the actuaries designated by the Commission. If no such request is made, the Commission shall cause the actuarial valuation to be prepared if more than three years have elapsed since the last valuation.
The pension committee shall appoint an independent actuary charged with reporting to the committee, within 30 days of his appointment, on the validity of the assumptions used for the actuarial valuation.
The pension committee shall, within 90 days of receiving the report, send the actuarial valuation and the report to the Minister.
In addition, the pension committee shall require the Commission to cause to be prepared by actuaries designated by the Commission an annual update of the actuarial valuation. The pension committee shall send the update to the Minister within 90 days of its receipt.
1983, c. 24, s. 1; 1996, c. 53, s. 39; 2001, c. 31, s. 341; 2006, c. 55, s. 32; 2006, c. 49, s. 106; 2011, c. 24, s. 13.
174. Once every three years, the pension committee referred to in section 163 shall require the Commission to cause to be prepared an actuarial valuation of the Government and Public Employees Retirement Plan by the actuaries designated by the Commission. If no such request is made, the Commission shall cause the actuarial valuation to be prepared if more than three years have elapsed since the last valuation.
The pension committee shall appoint an independent actuary charged with reporting to the committee, within 30 days of his appointment, on the validity of the assumptions used for the actuarial valuation.
The pension committee shall send the report to the Minister within 90 days of its receipt.
1983, c. 24, s. 1; 1996, c. 53, s. 39; 2001, c. 31, s. 341; 2006, c. 55, s. 32; 2006, c. 49, s. 106.
174. Once every three years, the Comité de retraite referred to in section 164 shall require the Commission to cause to be prepared an actuarial valuation of the Government and Public Employees Retirement Plan by the actuaries designated by the Commission. If no such request is made, the Commission shall cause the actuarial valuation to be prepared if more than three years have elapsed since the last valuation.
The Comité de retraite shall appoint an independent actuary charged with reporting to the committee, within 30 days of his appointment, on the validity of the assumptions used for the actuarial valuation.
The Comité de retraite shall send the report to the Minister within 90 days of its receipt.
1983, c. 24, s. 1; 1996, c. 53, s. 39; 2001, c. 31, s. 341; 2006, c. 55, s. 32.
174. Once every three years, the Comité de retraite referred to in section 164 shall require the Commission to cause to be prepared an actuarial valuation of the Government and Public Employees Retirement Plan, of the Teachers Pension Plan and of the Civil Service Superannuation Plan by the actuaries designated by the Commission. If no such request is made, the Commission shall cause the actuarial valuation to be prepared if more than three years have elapsed since the last valuation.
The Comité de retraite shall appoint an independent actuary charged with reporting to the committee, within 30 days of his appointment, on the validity of the assumptions used for the actuarial valuation.
The Comité de retraite shall send the report to the Minister within 90 days of its receipt.
1983, c. 24, s. 1; 1996, c. 53, s. 39; 2001, c. 31, s. 341.
174. Once every three years, the Comité de retraite referred to in section 164 shall require the Commission to cause an actuarial valuation of the Government and Public Employees Retirement Plan to be prepared in respect of employees who may be unionized, of the Teachers Pension Plan and of the Civil Service Superannuation Plan by the actuaries designated by the Commission. If no such request is made, the Commission shall cause the actuarial valuation to be prepared if more than three years have elapsed since the last valuation.
The Comité de retraite shall appoint an independent actuary charged with reporting to the committee, within 30 days of his appointment, on the validity of the assumptions used for the actuarial valuation.
The Comité de retraite shall send the report to the Minister within 90 days of its receipt.
The first, second and third paragraphs, adapted as required, apply to the Government and Public Employees Retirement Plan in respect of non-unionizable employees referred to in Title IV.0.1.
1983, c. 24, s. 1; 1996, c. 53, s. 39.
174. At least once every three years, the Commission must cause an actuarial valuation of the Government and Public Employees Retirement Plan, the Teachers Pension Plan and the Civil Service Superannuation Plan to be prepared by the actuaries designated by it.
The Government, after consulting with the members of the Comité de retraite, shall appoint a consulting actuary responsible for reporting to the Minister within a period of 30 days from his appointment, on the validity of the principles on which the actuarial valuation of the plans is based.
The Minister must, within 90 days after receiving the report, send it to the Commission and the Comité de retraite.
1983, c. 24, s. 1.
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