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R-9.2 - Act respecting the Pension Plan of Peace Officers in Correctional Services
Section 66.2
Disposition versions
66.2. (Repealed).
66.2. The actuarial value of the additional benefits granted under section 66.1 shall be financed by the sum of the following amounts:
(1) the amount resulting from the increase of the employer contribution under section 145;
(2) the amount equal to the difference between the amounts provided for in the following subparagraphs:
(a) the amount of contributions paid by the employees and the employer contributions during the period extending from 1 January 1988 to 31 December 1991;
(b) the amount of contributions which would, during the same period, have been paid by the employees and by the employer had the rate of contribution been fixed in light of the actuarial valuation of the plan as it stands on 31 December 1987.
The amount obtained pursuant to the first paragraph bears interest, compounded annually, and computed according to the rate of return obtained at the Caisse de dépôt et placement du Québec, constituted by the Act respecting the Caisse de dépôt et placement du Québec (chapter C-2), by the fund of the employees who may be unionized and who are members of the Government and Public Employees Retirement Plan. For the purpose of computing the interest, the amounts referred to in subparagraphs 1 and 2 of the first paragraph shall be established annually and are deemed to be received at the midpoint of each year.
66.2. The actuarial value of the additional benefits granted under section 66.1 shall be financed by the sum of the following amounts:
(1) the amount resulting from the increase of the employer contribution under section 145;
(2) the amount equal to the difference between the amounts provided for in the following subparagraphs:
(a) the amount of contributions paid by the employees and the employer contributions during the period extending from 1 January 1988 to 31 December 1991;
(b) the amount of contributions which would, during the same period, have been paid by the employees and by the employer had the rate of contribution been fixed in light of the actuarial valuation of the plan as it stands on 31 December 1987.
The amount obtained pursuant to the first paragraph bears interest, compounded annually, and computed according to the rate of return obtained at the Caisse de dépôt et placement du Québec by the fund of the employees who may be unionized and who are members of the Government and Public Employees Retirement Plan. For the purpose of computing the interest, the amounts referred to in subparagraphs 1 and 2 of the first paragraph shall be established annually and are deemed to be received at the midpoint of each year.
