R-10, r. 10 - Pension plan for federal employees transferred to employment with the Gouvernement du Québec

Section 90.5 Disposition versions

2012-09-01

90.5. Notwithstanding Divisions II and III of Chapter V of this Title, a contributor who ceases to hold employment with his employer is entitled to

(1)  an immediate pension if, at the time of cessation,

(a)  his age and years of service giving entitlement to a pension total 80 or more, and if he is at least 50 years of age; or

(b)  he has attained 60 years of age; or

(2)  an annual allowance payable immediately if, at the time he ceases to hold employment, he has reached age 50 and has at least 10 years of service giving entitlement to a pension, and equal to the amount of pension calculated under subdivisions 0.1 and 1 of Chapter V of Title I less the smallest of the 2 products obtained by multiplying 3% of the pension amount

(a)  by 60 less his age, rounded to the nearest tenth of a year; or

(b)  by half the difference between 80 and the total of his age and years of service giving entitlement to a pension.

O.C. 1197-97, s. 2; T.B. 208552, s. 14.