70.1. If the pensioner who dies has no spouse or children entitled to a pension, the contributions are refunded to the employee’s successors, subject to section 74. The same rules apply to a pensioner who dies while eligible for a pension but who has no spouse or children entitled to a pension. However, in the latter case, the contributions are refunded with interest, compounded annually, at the rates determined in Schedule II until the date of death and at the rate determined in Schedule III from the day following that date.
2002, c. 30, s. 15; 2004, c. 39, s. 23; 2013, c. 9, s. 18.