17. Municipalities shall pay their contribution to the Commission administrative des régimes de retraite et d’assurances on the 15th day of each month, in respect of municipal court judges covered by the pension plan provided for in Part V.1 of the Act.
Any amount of a payment that a municipality fails to make to the Commission on the 15th day of the month bears interest, compounded annually, at the rate provided for in Schedule VI to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) from that date. Despite the foregoing, if, for a period or part of a period indicated in that Schedule, the rate provided for therein is less than the rate provided for in Schedule VII to that Act, the rate in Schedule VII applies for that period or part of a period.
O.C. 695-2001, s. 17; O.C. 865-2010, s. 12.