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

Section 89 Disposition versions

2024-01-01

89. Unless the pension committee provides otherwise, the pension credit is increased where the actuarial valuation of the pension credits obtained under sections 86, 100, 104, 113 and 115.5.1 identifies sums available for that purpose. The committee shall determine the terms and conditions of the increase, which may prescribe the portion of the available sums to be applied to the increase, vary with the categories of pension credits and persons the committee determines and take effect on any date not prior to 1 January following the date of the production of the actuarial valuation. The terms and conditions shall be published on the website of Retraite Québec.

The increase applies only to the portion of the pension credit paid out of the sums paid by employees for the pension credit.

For the purposes of section 151, the sums owing under this section become payable on the date of the resolution of the pension committee determining the terms and conditions of the increase if those terms and conditions take effect before the date of the resolution.

1973, c. 12, s. 79; 1982, c. 51, s. 32; 1983, c. 24, s. 1; 2006, c. 55, s. 24; 2023, c. 6, s. 3.

2006-12-14

89. The pension credit may be increased on 1 January following the filing of the actuarial valuation of the service redeemed if the valuation shows that an upward adjustment should be made. The Government may establish, by regulation, the rules and procedures that apply to the increase of pension credits; those rules and procedures may vary with the categories of pension credits and persons the Government determines.

1973, c. 12, s. 79; 1982, c. 51, s. 32; 1983, c. 24, s. 1; 2006, c. 55, s. 24.

1983-07-01

89. Every pension credit may be increased on 1 January following the filing of the actuarial valuation of the service redeemed if the valuation shows that an upward adjustment should be made. The adjustment is made in the manner provided for in the valuation.

1973, c. 12, s. 79; 1982, c. 51, s. 32; 1983, c. 24, s. 1.

1983-01-01

89. If, at the death of the beneficiary of pension credit contemplated in this division, the amount which he had to pay to acquire the pension credit, with accrued interest, exceeds the total of the amounts paid to him, the excess amount is paid to him in a single payment.

If the pension credit ceased to be paid to a person who holds or again holds an employment contemplated in this plan, the amount which he had to pay to acquire the pension credit, with accrued interest, is reduced by the amounts paid as pension credit from the date on which that pension credit should have ceased to be paid.

Interest is computed as provided under section 76 and in respect of any period during which no amount was paid as pension credit in a year or, as the case may be, during the period contemplated in section 70.11.

1973, c. 12, s. 79; 1982, c. 51, s. 32.

1977-12-31

89. If, at the death of the beneficiary of pension credit contemplated by this division, the aggregate of the amounts paid to him is less than the amount which he had to pay to acquire the pension credit, with interest at the rate established by regulation computed until the date of the first payment of the pension credit, the difference shall be paid to his assigns in a single payment when such life annuity ceases to be payable to him.

1973, c. 12, s. 79.