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

Section 11.2 Disposition versions

2018-12-31

11.2. (Implicitly revoked).

T.B. 211924, s. 1; I.N. 2018-11-01.

2016-01-01

11.2. Where the rate of contribution resulting from the valuation referred to in subparagraph 1 of the first paragraph of section 11 exceeds the ceiling rate of contribution determined under that paragraph for a year concerned, Retraite Québec must establish, not later than 30 September of the following year, the amount to be paid by the employer as compensation for the year concerned.

The compensatory amount corresponds to the difference between the sum of the contributions that would have been paid if the rate of contribution resulting from the valuation had applied to the plan for the year concerned and the sum of the contributions paid into the plan for that year.

In the case of the employers referred to in Schedule IV to the Act, Retraite Québec must transfer, in accordance with section 177.1 of the Act, the compensatory amount not later than within 30 days of the date on which Retraite Québec established the amount pursuant to the first paragraph. For other employers, Retraite Québec must send them a statement of account for the compensatory amount not later than within 60 days of the date on which Retraite Québec established the amount, and section 43 of the Regulation under the Act respecting the Government and Public Employees Retirement Plan (chapter R-10, r. 2) applies, with the necessary modifications.

T.B. 211924, s. 1.

2013-01-01

11.2. Where the rate of contribution resulting from the valuation referred to in subparagraph 1 of the first paragraph of section 11 exceeds the ceiling rate of contribution determined under that paragraph for a year concerned, the Commission must establish, not later than 30 September of the following year, the amount to be paid by the employer as compensation for the year concerned.

The compensatory amount corresponds to the difference between the sum of the contributions that would have been paid if the rate of contribution resulting from the valuation had applied to the plan for the year concerned and the sum of the contributions paid into the plan for that year.

In the case of the employers referred to in Schedule IV to the Act, the Commission must transfer, in accordance with section 177.1 of the Act, the compensatory amount not later than within 30 days of the date on which the Commission established the amount pursuant to the first paragraph. For other employers, the Commission must send them a statement of account for the compensatory amount not later than within 60 days of the date on which the Commission established the amount, and section 43 of the Regulation under the Act respecting the Government and Public Employees Retirement Plan (chapter R-10, r. 2) applies, with the necessary modifications.

T.B. 211924, s. 1.