R-12.1, r. 1 - Regulation under the Act respecting the Pension Plan of Management Personnel

Schedule Disposition versions

2014-01-01

SCHEDULE III

(s. 20.1)

INTEREST RATE

Pursuant to section 20.1, the interest rate applicable to contributions referred to in subparagraph 1 of the first paragraph of section 206 of the Act corresponds to rate I determined according to the following formula:

I =[(1+i1) nb1/365 × (1+i2) nb2/365] 1/2 -1, where

i1 represents the interest rate of Schedule VII to the Act applicable at the beginning of the employee’s period of membership until the earlier of the following dates: the date of the end of the period of application of the interest rate, the date of the end of the period of membership or 31 December of the year concerned;

nb1 represents the number of days during which the interest rate represented by the variable i1 is applicable;

i2 represents, where the employee’s period of membership ends on a date later than the date of the end of the period of application of the interest rate represented by the variable i1, the interest rate of Schedule VII to the Act applicable on the day following the end of the period of application until the earlier of the following dates: the date of the end of the period of membership or 31 December of the year concerned;

nb2 represents the number of days during which the interest rate represented by the variable i2 is applicable.

Where the period of membership ends on a date prior to the date of the end of the period of application of the interest rate represented by the variable i1, the term (1+i2) nb2/365 is equal to 1.

T.B. 207217, s. 4; T.B. 213341, s. 7.

2012-09-01

SCHEDULE III

(s. 20.1)

The interest rate applicable to the contributions referred to in section 20.1 corresponds to rate I determined according to the following formula:

I =[(1+i1) nb1/365 × (1+i2) nb2/365] 1/2 -1, where

i1 represents the interest rate of Schedule VII to the Act applicable at the beginning of the employee’s period of membership until the earlier of the following dates: the date of the end of the period of application of the interest rate, the date of the end of the period of membership or 31 December of the year concerned;

nb1 represents the number of days during which the interest rate represented by the variable i1 is applicable;

i2 represents, where the employee’s period of membership ends on a date later than the date of the end of the period of application of the interest rate represented by the variable i1, the interest rate of Schedule VII to the Act applicable on the day following the end of the period of application until the earlier of the following dates: the date of the end of the period of membership or 31 December of the year concerned;

nb2 represents the number of days during which the interest rate represented by the variable i2 is applicable.

Where the period of membership ends on a date prior to the date of the end of the period of application of the interest rate represented by the variable i1, the term (1+i2) nb2/365 is equal to 1.

T.B. 207217, s. 4.