R-12.1 - Act respecting the Pension Plan of Management Personnel

Full text
178. Retraite Québec shall, with respect to the years and parts of a year of service that were credited to an employee under this plan and that are credited to the Government and Public Employees Retirement Plan pursuant to section 109.1 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), transfer the sums paid in respect of those years and parts of a year of service out of the employees’ contribution fund under this plan at the Caisse de dépôt et placement du Québec to the employees’ contribution fund under the Government and Public Employees Retirement Plan at the Caisse.
All sums bear interest until the date of the transfer, according to the terms provided for in section 206.
However, if the contribution rate under this plan was less than the rate under the Government and Public Employees Retirement Plan during the years or parts of a year during which the employee referred to in the first paragraph paid contributions to this plan, Retraite Québec shall also transfer an amount equal to the difference, with interest, between the contributions the employee would have paid had the employee been a member of the Government and Public Employees Retirement Plan and the contributions the employee paid to this plan, from the employees’ contribution fund under this plan to the employees’ contribution fund under the Government and Public Employees Retirement Plan. The second paragraph applies for the computation of interest.
Notwithstanding the third paragraph, where sums are paid by an employee to whom this section applies for the redemption of service under section 38, 40, 118 or 121 of this Act and those sums are less than the sums that the employee would have paid under corresponding provisions of the Act respecting the Government and Public Employees Retirement Plan, Retraite Québec shall transfer, from the contribution fund of the employees covered by this plan to the contribution fund of the employees covered by the Government and Public Employees Retirement Plan, an amount equal to the difference, with interest, between those sums. The interest shall be established in accordance with the second paragraph.
The third and fourth paragraphs also apply, with the necessary modifications, in respect of a person who has received, under section 80, the total of the person’s contributions with accrued interest and who has availed himself or herself of section 59.6.0.1 or 59.6.0.2 of the Act respecting the Government and Public Employees Retirement Plan.
2001, c. 31, s. 178; 2002, c. 30, s. 148; 2004, c. 39, s. 261; 2010, c. 11, s. 11; 2015, c. 20, s. 61.
178. The Commission shall, with respect to the years and parts of a year of service that were credited to an employee under this plan and that are credited to the Government and Public Employees Retirement Plan pursuant to section 109.1 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), transfer the sums paid in respect of those years and parts of a year of service out of the employees’ contribution fund under this plan at the Caisse de dépôt et placement du Québec to the employees’ contribution fund under the Government and Public Employees Retirement Plan at the Caisse.
All sums bear interest until the date of the transfer, according to the terms provided for in section 206.
However, if the contribution rate under this plan was less than the rate under the Government and Public Employees Retirement Plan during the years or parts of a year during which the employee referred to in the first paragraph paid contributions to this plan, the Commission shall also transfer an amount equal to the difference, with interest, between the contributions the employee would have paid had the employee been a member of the Government and Public Employees Retirement Plan and the contributions the employee paid to this plan, from the employees’ contribution fund under this plan to the employees’ contribution fund under the Government and Public Employees Retirement Plan. The second paragraph applies for the computation of interest.
Notwithstanding the third paragraph, where sums are paid by an employee to whom this section applies for the redemption of service under section 38, 40, 118 or 121 of this Act and those sums are less than the sums that the employee would have paid under corresponding provisions of the Act respecting the Government and Public Employees Retirement Plan, the Commission shall transfer, from the contribution fund of the employees covered by this plan to the contribution fund of the employees covered by the Government and Public Employees Retirement Plan, an amount equal to the difference, with interest, between those sums. The interest shall be established in accordance with the second paragraph.
The third and fourth paragraphs also apply, with the necessary modifications, in respect of a person who has received, under section 80, the total of the person’s contributions with accrued interest and who has availed himself or herself of section 59.6.0.1 or 59.6.0.2 of the Act respecting the Government and Public Employees Retirement Plan.
2001, c. 31, s. 178; 2002, c. 30, s. 148; 2004, c. 39, s. 261; 2010, c. 11, s. 11.
178. The Commission shall, with respect to the years and parts of a year of service that were credited to an employee under this plan and that are credited to the Government and Public Employees Retirement Plan pursuant to section 109.1 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), transfer the sums paid in respect of those years and parts of a year of service out of the employees’ contribution fund under this plan at the Caisse de dépôt et placement du Québec to the employees’ contribution fund under the Government and Public Employees Retirement Plan at the Caisse.
All sums bear interest from the midpoint of the year in which they were paid until the date of the transfer.
However, if the contribution rate under this plan was less than the rate under the Government and Public Employees Retirement Plan during the years or parts of a year during which the employee referred to in the first paragraph paid contributions to this plan, the Commission shall also transfer an amount equal to the difference, with interest, between the contributions the employee would have paid had the employee been a member of the Government and Public Employees Retirement Plan and the contributions the employee paid to this plan, from the employees’ contribution fund under this plan to the employees’ contribution fund under the Government and Public Employees Retirement Plan. The second paragraph applies for the computation of interest.
Notwithstanding the third paragraph, where sums are paid by an employee to whom this section applies for the redemption of service under section 38, 40, 118 or 121 of this Act and those sums are less than the sums that the employee would have paid under corresponding provisions of the Act respecting the Government and Public Employees Retirement Plan, the Commission shall transfer, from the contribution fund of the employees covered by this plan to the contribution fund of the employees covered by the Government and Public Employees Retirement Plan, an amount equal to the difference, with interest, between those sums. The interest shall be established in accordance with the second paragraph.
The third and fourth paragraphs also apply, with the necessary modifications, in respect of a person who has received, under section 80, the total of the person’s contributions with accrued interest and who has availed himself or herself of section 59.6.0.1 or 59.6.0.2 of the Act respecting the Government and Public Employees Retirement Plan.
2001, c. 31, s. 178; 2002, c. 30, s. 148; 2004, c. 39, s. 261.
178. The Commission shall, with respect to the years and parts of a year of service that were credited to an employee under this plan and that are credited to the Government and Public Employees Retirement Plan pursuant to section 109.1 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), transfer the sums paid in respect of those years and parts of a year of service out of the employees’ contribution fund under this plan at the Caisse de dépôt et placement du Québec to the employees’ contribution fund under the Government and Public Employees Retirement Plan at the Caisse.
All sums transferred shall bear interest from 1 July of the year in which they were paid to the date of transfer. Interest shall be compounded annually and computed according to the rates determined for each period by this Act.
However, if the contribution rate under this plan was less than the rate under the Government and Public Employees Retirement Plan during the years or parts of a year during which the employee referred to in the first paragraph paid contributions to this plan, the Commission shall also transfer an amount equal to the difference, with interest, between the contributions the employee would have paid had the employee been a member of the Government and Public Employees Retirement Plan and the contributions the employee paid to this plan, from the employees’ contribution fund under this plan to the employees’ contribution fund under the Government and Public Employees Retirement Plan. The second paragraph applies for the computation of interest.
Notwithstanding the third paragraph, where sums are paid by an employee to whom this section applies for the redemption of service under section 38, 40, 118 or 121 of this Act and those sums are less than the sums that the employee would have paid under corresponding provisions of the Act respecting the Government and Public Employees Retirement Plan, the Commission shall transfer, from the contribution fund of the employees covered by this plan to the contribution fund of the employees covered by the Government and Public Employees Retirement Plan, an amount equal to the difference, with interest, between those sums. The interest shall be established in accordance with the second paragraph.
The third and fourth paragraphs also apply, with the necessary modifications, in respect of a person who has received, under section 80, the total of the person’s contributions with accrued interest and who has availed himself or herself of section 59.6.0.1 or 59.6.0.2 of the Act respecting the Government and Public Employees Retirement Plan.
2001, c. 31, s. 178; 2002, c. 30, s. 148.
178. The Commission shall, with respect to the years and parts of a year of service that were credited to an employee under this plan and that are credited to the Government and Public Employees Retirement Plan pursuant to section 109.1 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), transfer the sums paid in respect of those years and parts of a year of service out of the employees’ contribution fund under this plan at the Caisse de dépôt et placement du Québec to the employees’ contribution fund under the Government and Public Employees Retirement Plan at the Caisse.
All sums transferred shall bear interest from 1 July of the year in which they were paid to the date of transfer. Interest shall be compounded annually and computed according to the rates determined for each period by this Act.
However, if the contribution rate under this plan was less than the rate under the Government and Public Employees Retirement Plan during the years or parts of a year during which the employee referred to in the first paragraph paid contributions to this plan, the Commission shall also transfer an amount equal to the difference, with interest, between the contributions the employee would have paid had the employee been a member of the Government and Public Employees Retirement Plan and the contributions the employee paid to this plan, from the employees’ contribution fund under this plan to the employees’ contribution fund under the Government and Public Employees Retirement Plan. The second paragraph applies for the computation of interest.
The third paragraph also applies, with the necessary modifications, in respect of a person who has received, under section 80, the total of the person’s contributions with accrued interest and who has availed himself or herself of section 59.6.0.1 or 59.6.0.2 of the Act respecting the Government and Public Employees Retirement Plan.
2001, c. 31, s. 178.