112.1. The days during which an officer was on leave without pay between 12 June 1969 and 1 July 1976 are credited to the officer who applies therefor if he
(1) was authorized for such purpose by his employer;
(2) contributed to the plan provided for in Division II from the end of his leave without pay; and
(3) pays an amount representing the actuarial value of the benefits, computed on the basis of the actuarial assumptions and methods determined by regulation.
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. This amount bears interest, compounded annually, computed from the date on which the application is received, at the rate in force on that date under the Act respecting the Government and Public Employees Retirement Plan (chapter R-10). However, no interest is computed for the period during which the redemption proposal made by the Commission is valid.
1986, c. 44, s. 104; 1987, c. 47, s. 156; 1990, c. 32, s. 47; 1990, c. 87, s. 103.