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C-27.1 - Municipal Code of Québec

Section 704
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704. A municipality may, by by-law, establish and maintain, on the conditions prescribed by the by-law, a pension plan for the benefit of the officers and employees of the municipality or to participate in such a plan; to make, for that purpose, if need be, any agreement with an authorized insurer or trust company or with a legal person or government issuing life annuities; grant subsidies for the establishment and maintenance of the plan; fix the maximum age of the officers and employees and the contributions which they and the municipality must pay into the plan’s pension fund; cause to be assumed by the municipality the contributions required to enable the officers and employees to be credited, for the purposes of the pension plan, with their previous years of service, and borrow the sums required for that purpose by the by-law creating or amending the plan.
A by-law passed under the first paragraph may establish classes of officers or employees and prescribe that the pension plan is restricted to a certain class or that separate plans are established for each class.
1977, c. 53, s. 34; 1986, c. 32, s. 10; 1989, c. 38, s. 270; 1996, c. 2, s. 330; 1999, c. 40, s. 60; 2001, c. 68, s. 35; 2018, c. 23, s. 740.
704. A municipality may, by by-law, establish and maintain, on the conditions prescribed by the by-law, a pension plan for the benefit of the officers and employees of the municipality or to participate in such a plan; to make, for that purpose, if need be, any agreement with a life insurance company or a trust company or with a legal person or government issuing life annuities; grant subsidies for the establishment and maintenance of the plan; fix the maximum age of the officers and employees and the contributions which they and the municipality must pay into the plan’s pension fund; cause to be assumed by the municipality the contributions required to enable the officers and employees to be credited, for the purposes of the pension plan, with their previous years of service, and borrow the sums required for that purpose by the by-law creating or amending the plan.
A by-law passed under the first paragraph may establish classes of officers or employees and prescribe that the pension plan is restricted to a certain class or that separate plans are established for each class.
1977, c. 53, s. 34; 1986, c. 32, s. 10; 1989, c. 38, s. 270; 1996, c. 2, s. 330; 1999, c. 40, s. 60; 2001, c. 68, s. 35.
704. A municipality may, by by-law, establish and maintain, on the conditions prescribed by the by-law, a retirement pension fund for the benefit of the officers and employees of the municipality or participate in such a retirement fund; make, for that purpose, if need be, any agreement with a life insurance company or a trust company or with a legal person or government issuing life annuities; grant subsidies for the establishment and maintenance of such fund; fix the maximum age of the officers and employees and their contributive shares to the pension fund; constitute a commission whose members are chosen among the members of the council and the officers or employees who benefit from the by-law, to administer the pension fund and determine the by-laws for the internal management of such commission; cause to be assumed by the municipality the contributions required to enable the officers and employees to be credited, for pension purposes, with their previous years of service, and borrow the sums required for that purpose by the by-law creating the pension fund.
A by-law passed under the first paragraph may establish classes of officers or employees and prescribe that the pension plan is restricted to a certain class or that separate plans are established for each class.
1977, c. 53, s. 34; 1986, c. 32, s. 10; 1989, c. 38, s. 270; 1996, c. 2, s. 330; 1999, c. 40, s. 60.
704. A municipality may, by by-law, establish and maintain, on the conditions prescribed by the by-law, a retirement pension fund for the benefit of the officers and employees of the municipality or participate in such a retirement fund; make, for that purpose, if need be, any agreement with a life insurance company or a trust company or with a corporation or government issuing life annuities; grant subsidies for the establishment and maintenance of such fund; fix the maximum age of the officers and employees and their contributive shares to the pension fund; constitute a commission whose members are chosen among the members of the council and the officers or employees who benefit from the by-law, to administer the pension fund and determine the by-laws for the internal management of such commission; cause to be assumed by the municipality the contributions required to enable the officers and employees to be credited, for pension purposes, with their previous years of service, and borrow the sums required for that purpose by the by-law creating the pension fund.
A by-law passed under the first paragraph may establish classes of officers or employees and prescribe that the pension plan is restricted to a certain class or that separate plans are established for each class.
1977, c. 53, s. 34; 1986, c. 32, s. 10; 1989, c. 38, s. 270; 1996, c. 2, s. 330.
704. A local or county corporation may, by by-law, establish and maintain, on the conditions prescribed by the by-law, a retirement pension fund for the benefit of the officers and employees of the corporation or participate in such a retirement fund; make, for that purpose, if need be, any agreement with a life insurance company or a trust company or with a corporation or government issuing life annuities; grant subsidies for the establishment and maintenance of such fund; fix the maximum age of the officers and employees and their contributive shares to the pension fund; constitute a commission whose members are chosen among the members of the council and the officers or employees who benefit from the by-law, to administer the pension fund and determine the by-laws for the internal management of such commission; cause to be assumed by the corporation the contributions required to enable the officers and employees to be credited, for pension purposes, with their previous years of service, and borrow the sums required for that purpose by the by-law creating the pension fund.
A by-law passed under the first paragraph may establish classes of officers or employees and prescribe that the pension plan is restricted to a certain class or that separate plans are established for each class.
1977, c. 53, s. 34; 1986, c. 32, s. 10; 1989, c. 38, s. 270.
704. A local or county corporation may, by by-law, establish and maintain, on the conditions prescribed by the by-law, a retirement pension fund for the benefit of the permanent officers and employees of the corporation or participate in such a retirement fund; make, for that purpose, if need be, any agreement with a life insurance company or a trust company or with a corporation or government issuing life annuities; grant subsidies for the establishment and maintenance of such fund; fix the maximum age of the officers and employees and their contributive shares to the pension fund; constitute a commission whose members are chosen among the members of the council and the officers or employees who benefit from the by-law, to administer the pension fund and determine the by-laws for the internal management of such commission; cause to be assumed by the corporation the contributions required to enable the officers and employees to be credited, for pension purposes, with their previous years of service, and borrow the sums required for that purpose by the by-law creating the pension fund.
A by-law passed under the first paragraph may establish classes of officers or employees and prescribe that the pension plan is restricted to a certain class or that separate plans are established for each class.
1977, c. 53, s. 34; 1986, c. 32, s. 10.
704. A local or county corporation may, by by-law, establish and maintain, on the conditions prescribed by the by-law, a retirement pension fund for the benefit of the permanent officers and employees of the corporation or participate in such a retirement fund; make, for that purpose, if need be, any agreement with a life insurance company or a trust company or with a corporation or government issuing life annuities; grant subsidies for the establishment and maintenance of such fund; fix the maximum age of the officers and employees and their contributive shares to the pension fund; constitute a commission whose members are chosen among the members of the council and the officers or employees who benefit from the by-law, to administer the pension fund and determine the by-laws for the internal management of such commission; cause to be assumed by the corporation the contributions required to enable the officers and employees to be credited, for pension purposes, with their previous years of service, and borrow the sums required for that purpose by the by-law creating the pension fund.
1977, c. 53, s. 34.
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