R-9.2 - Act respecting the Pension Plan of Peace Officers in Correctional Services

Section 138 Disposition versions

2016-01-01

138. When the date the employee’s or person’s membership in this plan, established under section 8, is later than the date established under section 3.1 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), section 9 of the Act respecting the Pension Plan of Management Personnel (chapter R-12.1), section 2.2 of the Act respecting the Teachers Pension Plan (chapter R-11) or section 55.1 of the Act respecting the Civil Service Superannuation Plan (chapter R-12), Retraite Québec must deposit in the Caisse de dépôt et placement du Québec, with respect to the employee or person referred to in section 8.7 or 8.8 of this Act, an amount equal to the amount by which the actuarial value of the benefits accrued under the Government and Public Employees Retirement Plan or the Pension Plan of Management Personnel exceeds the actuarial value of those accrued benefits determined by replacing the annual pensionable salary under this plan for one of the years during which the employee or person was not a member of one of the other plans for the purpose of establishing the average pensionable salary by the annual pensionable salary of the last year during which the employee or person was credited with service under the Government and Public Employees Retirement Plan or the Pension Plan of Management Personnel, which must be projected until this year according to the actuarial assumptions provided for in section 109.2 of the Act respecting the Government and Public Employees Retirement Plan or section 138.1 of the Act respecting the Pension Plan of Management Personnel.

The second paragraph of section 137 applies to the amount determined under the first paragraph of this section.

1987, c. 107, s. 138; 2002, c. 30, s. 28; 2004, c. 39, s. 54; 2015, c. 20, s. 61.

2005-01-01

138. When the date the employee’s or person’s membership in this plan, established under section 8, is later than the date established under section 3.1 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), section 9 of the Act respecting the Pension Plan of Management Personnel (chapter R-12.1), section 2.2 of the Act respecting the Teachers Pension Plan (chapter R-11) or section 55.1 of the Act respecting the Civil Service Superannuation Plan (chapter R-12), the Commission must deposit in the Caisse de dépôt et placement du Québec, with respect to the employee or person referred to in section 8.7 or 8.8 of this Act, an amount equal to the amount by which the actuarial value of the benefits accrued under the Government and Public Employees Retirement Plan or the Pension Plan of Management Personnel exceeds the actuarial value of those accrued benefits determined by replacing the annual pensionable salary under this plan for one of the years during which the employee or person was not a member of one of the other plans for the purpose of establishing the average pensionable salary by the annual pensionable salary of the last year during which the employee or person was credited with service under the Government and Public Employees Retirement Plan or the Pension Plan of Management Personnel, which must be projected until this year according to the actuarial assumptions provided for in section 109.2 of the Act respecting the Government and Public Employees Retirement Plan or section 138.1 of the Act respecting the Pension Plan of Management Personnel.

The second paragraph of section 137 applies to the amount determined under the first paragraph of this section.

1987, c. 107, s. 138; 2002, c. 30, s. 28; 2004, c. 39, s. 54.

2002-06-14

138. 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 transferred pursuant to section 115.7 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), deposit into the Caisse de dépôt et placement du Québec the actuarial value of the benefits accrued under this plan without, however, exceeding the actuarial value of the equivalent benefits to which he is entitled under the Government and Public Employees Retirement Plan. The actuarial values are those established pursuant to section 115.7.

All sums transferred pursuant to the first paragraph shall bear interest, compounded annually, at the rates determined for each period in Schedule VI to the Act respecting the Government and Public Employees Retirement Plan, from the date the employee began to pay contributions to the said pension plan until the date on which the said sums are deposited into the Caisse de dépôt et placement du Québec. The sums shall be paid to the said Caisse, into the funds and in the proportion determined pursuant to the second paragraph of section 130 of the Act respecting the Government and Public Employees Retirement Plan. The second paragraph of section 139 applies, adapted as required.

1987, c. 107, s. 138; 2002, c. 30, s. 28.

1988-01-01

138. 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 transferred pursuant to section 115.7 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), deposit into the Caisse de dépôt et placement du Québec the actuarial value of the benefits accrued under this plan without, however, exceeding the actuarial value of the equivalent benefits to which he is entitled under the Government and Public Employees Retirement Plan. The actuarial values are those established pursuant to section 115.7.

All sums transferred pursuant to the first paragraph shall bear interest, compounded annually, at the rates determined, for each period, under the Act respecting the Government and Public Employees Retirement Plan, from the date the employee began to pay contributions to the said pension plan until the date on which the said sums are deposited into the Caisse de dépôt et placement du Québec. The sums shall be paid to the said Caisse, into the funds and in the proportion determined pursuant to the second paragraph of section 130 of the Act respecting the Government and Public Employees Retirement Plan. The second paragraph of section 139 applies, adapted as required.

1987, c. 107, s. 138.