R-10 - Act respecting the Government and Public Employees Retirement Plan

Section 93 Disposition versions

2008-06-20

93. If the date on which the pension credit becomes payable is subsequent to the date of the employee’s sixty-fifth birthday, the pension credit is increased by 0.75% per month, computed for each month between the date on which the employee reaches 65 years of age, if the employee was under 65 years of age at the time of purchase, or the date of purchase, if the employee was 65 years of age or over at the time of purchase, and the date on which pension credit is payable to the employee.

However, if the beneficiary comes to be contemplated in the second paragraph of section 153 or in section 154 of the Act respecting the Pension Plan of Management Personnel (chapter R-12.1) pursuant to section 3.2 of this Act, the pension credit is increased by 0.75% per month, computed for each month comprised in the period during which pension credit is not paid after 65 years of age.

1974, c. 9, s. 20; 1983, c. 24, s. 1; 2007, c. 43, s. 74; 2008, c. 25, s. 16.

2007-12-21

93. All or part of the pension credit not paid to a pensioner under the second paragraph of section 153 or the first paragraph of section 154 of the Act respecting the Pension Plan of Management Personnel (chapter R-12.1) pursuant to section 3.2 of this Act is increased for its duration, where applicable, by 0.75% per month, computed for each month comprised in the period during which all or part of the pension credit was not paid

(1)  after 65 years of age, if the employee was under 65 years of age at the time of purchase;

(2)  after the date of purchase, if the employee was over 65 years of age at the time of purchase.

1974, c. 9, s. 20; 1983, c. 24, s. 1; 2007, c. 43, s. 74.

1983-07-01

93. All or part of the unpaid pension credit, where such is the case, is increased, for its duration, by 0.75% per month, computed for each month comprised in the period during which all or part of the pension credit was not paid

(1)  after 65 years of age, if the employee was under 65 years of age at the time of purchase;

(2)  after the date of purchase, if the employee was over 65 years of age at the time of purchase.

1974, c. 9, s. 20; 1983, c. 24, s. 1.

1977-12-31

93. Notwithstanding any contrary provision, the years of service completed by the support staff of the general and vocational colleges are considered as years of service accomplished under this plan, for the period during which such employees have participated in a supplemental pension plan or have paid a contribution into a trust fund for the period from 21 April 1970 to the date of application of this act.

The sums accumulated in such supplemental plan or in such a fund shall be transferred to the Commission for the application of the first paragraph.

Employees who have received the reimbursement of their contributions must, to benefit from the provisions of the first paragraph, remit the said reimbursed sums to the Commission with interest at the rate of 7.25%; the employer shall then remit his share to the Commission, at the same rate of interest.

Employees who have received the reimbursement of their contributions and the employer’s share must, to benefit from the provisions of the first paragraph, remit to the Commission the said reimbursed sums and the employer’s share, with interest at the rate of 7.25%.

1974, c. 9, s. 20.