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

Full text
88. The pension credit is equal, for each year of service, to 2% of the annual pensionable salary of the employee as of 1 July 1973 or if he has no pensionable salary on that date, his pensionable salary on the nearest subsequent date on which he began to contribute to this plan. If section 3.2 applies to the employee and if the employee, before becoming a member of the Pension Plan of Management Personnel, held pensionable employment under this plan, the annual pensionable salary attached to that employment must be withheld.
For each year of service, the pension credit is reduced by 0.7% of that part of the annual pensionable salary which does not exceed the Maximum Pensionable Earnings within the meaning of the Act respecting the Québec Pension Plan (chapter R-9) for that year.
1973, c. 12, s. 78; 1983, c. 24, s. 1; 1985, c. 18, s. 13; 1987, c. 47, s. 42; 1992, c. 67, s. 41; 2001, c. 31, s. 294.
88. The pension credit is equal, for each year of service, to 2 % of the annual pensionable salary of the employee as of 1 July 1973 or if he has no pensionable salary on that date, his pensionable salary on the nearest subsequent date on which he began to contribute to this plan.
For each year of service, the pension credit is reduced by 0.7 % of that part of the annual pensionable salary which does not exceed the Maximum Pensionable Earnings within the meaning of the Act respecting the Québec Pension Plan (chapter R-9) for that year.
1973, c. 12, s. 78; 1983, c. 24, s. 1; 1985, c. 18, s. 13; 1987, c. 47, s. 42; 1992, c. 67, s. 41.
88. The pension credit is equal, for each year of service, to 2 % of the annual pensionable salary of the employee as of 1 July 1973 or if he has no pensionable salary on that date, his pensionable salary on the nearest subsequent date on which he began to contribute to this plan.
The pension credit is reduced, for each year of service, by 0.7 % of the maximum pensionable earnings, within the meaning of the Act respecting the Québec Pension Plan (chapter R-9), for the year of the annual pensionable salary concerned.
1973, c. 12, s. 78; 1983, c. 24, s. 1; 1985, c. 18, s. 13; 1987, c. 47, s. 42.
88. Pension credit is equal, for each year of service, to 2% of the annual pensionable salary of the employee as of 1 July 1973. If he has no pensionable salary on that date, his pensionable salary is that on his taking office at the Commission des loyers for the purchase of service accomplished as a member or employee of that Commission and, in all other cases, his pensionable salary is that of the date prior to 1 January 1982 on which he became a member of the plan.
The pension credit is reduced, for each year of service, by 0.7% of the maximum pensionable earnings, within the meaning of the Act respecting the Québec Pension Plan (chapter R-9), for the year of the annual pensionable salary concerned.
1973, c. 12, s. 78; 1983, c. 24, s. 1; 1985, c. 18, s. 13.
88. Pension credit is equal, for each year of service, to 2% of the annual pensionable salary of the employee as of 1 July 1973. If he has no pensionable salary on that date, his pensionable salary is that on his taking office at the Commission des loyers for the purchase of service accomplished as a member or employee of that Commission and, in all other cases, his pensionable salary is that of the date prior to 1 January 1982 on which he became a member of the plan.
The pension credit is reduced by 0.7% of his maximum pensionable earnings, within the meaning of the Act respecting the Québec Pension Plan (chapter R-9), for the year of the annual pensionable salary concerned.
1973, c. 12, s. 78; 1983, c. 24, s. 1.
88. Every amount not paid by the employee within thirty days of the mailing by the Commission of a notice indicating the amount of the premium, bears interest at the rate of 6% per annum.
1973, c. 12, s. 78.