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

Section 139.5 Disposition versions

2016-01-01

139.5. The functions of the committee include

(1)  reexamining, on request, the decisions made by Retraite Québec in respect of employees and beneficiaries under the plan;

(2)  determining the conditions of implementation of the agreements entered into if no such conditions have been determined, to the extent that the costs of those conditions are consistent with Retraite Québec’s budget;

(3)  establishing, jointly with the Caisse de dépôt et placement du Québec, an investment policy in respect of funds derived from contributions paid by employees under the plan;

(4)  approving the financial statements of the pension plan within 30 days after the recommendation of the audit committee of Retraite Québec’s board of directors;

(5)  receiving for examination Retraite Québec’s annual action plan for the pension plan, and reporting on it to Retraite Québec;

(6)  receiving for examination the actuarial valuation for the plan and requesting from Retraite Québec any additional information it considers relevant;

(7)  recommending to the Minister the contribution rates applicable;

(8)  recommending to the Government the adoption of regulations related to the pension plan; and

(9)  establishing a financing policy with respect to the employees’ contribution fund under the plan.

For the purposes of subparagraph 4 of the first paragraph, the financial statements of the plan must be signed by two members of the committee, one from the Syndicat des agents de la paix en services correctionnels du Québec and the other representing the Government. If the financial statements are not approved by the committee within the time prescribed in that subparagraph, Retraite Québec’s board of directors is responsible for approving them.

2013, c. 9, s. 40; 2015, c. 20, s. 61.

2013-05-23

139.5. The functions of the committee include

(1)  reexamining, on request, the decisions made by the Commission in respect of employees and beneficiaries under the plan;

(2)  determining the conditions of implementation of the agreements entered into if no such conditions have been determined, to the extent that the costs of those conditions are consistent with the Commission’s budget;

(3)  establishing, jointly with the Caisse de dépôt et placement du Québec, an investment policy in respect of funds derived from contributions paid by employees under the plan;

(4)  approving the financial statements of the pension plan within 30 days after the recommendation of the audit committee of the Commission’s board of directors;

(5)  receiving for examination the Commission’s annual action plan for the pension plan, and reporting on it to the Commission;

(6)  receiving for examination the actuarial valuation for the plan and requesting from the Commission any additional information it considers relevant;

(7)  recommending to the Minister the contribution rates applicable;

(8)  recommending to the Government the adoption of regulations related to the pension plan; and

(9)  establishing a financing policy with respect to the employees’ contribution fund under the plan.

For the purposes of subparagraph 4 of the first paragraph, the financial statements of the plan must be signed by two members of the committee, one from the Syndicat des agents de la paix en services correctionnels du Québec and the other representing the Government. If the financial statements are not approved by the committee within the time prescribed in that subparagraph, the Commission’s board of directors is responsible for approving them.

2013, c. 9, s. 40.