112. The days on which an officer took leave without pay, ending before 1 July 1983 but for any period subsequent to 1 July 1976, are credited to him upon his application, if
(1) he was authorized for that purpose by his employer;
(2) he pays an amount equal to the contributions that would have been deducted from him, if he had not been so on leave, on the pensionable salary he was receiving when he went on leave; and
(3) he held an office contemplated in the plan provided for in this Act to which he contributed from the end of his leave without pay, unless he has become disabled.
The amount required for those days to be credited is payable in a lump sum or by instalments spread over the period and payable at the times determined by the Commission. If the application for redemption is made after the end of the year in which the officer took a leave without pay, this amount bears interest at 8.5 %, compounded annually, computed from the date on which the leave ended. However, no interest is computed for the period during which the redemption proposal made by the Commission is valid.
1977, c. 22, s. 52; 1983, c. 24, s. 60; 1987, c. 107, s. 260; 1988, c. 82, s. 151; 1990, c. 87, s. 102.