R-10, r. 2 - Regulation under the Act respecting the Government and Public Employees Retirement Plan

Section 29 Disposition versions

2012-09-01

29. For the purposes of sections 80 and 108 of the Act, the reduction of benefits payable from the transferred funds of a supplementary retirement plan shall be carried out according to the following order of priority:

(1)  the part of the benefits attributable to the employer’s contributory amounts unless it applies to the benefits covered by paragraphs 2 and 3;

(2)  the part of the benefits attributable to the employer’s contributory amounts related to current service, unless it applies to benefits covered by paragraph 3;

(3)  proportionately, from the following benefits:

— the part of the spouse’s, orphan’s or disability pension attributable to the employer’s contributory amounts;

— the part of the pension benefits being paid or in arrears attributable to the employer’s contributory amounts; and

— the part of pension credits attributable to the employer’s contributory amounts awarded to former employees who have ceased to participate after reaching the age of 45, and have completed 10 years of service, or after participating in the plan for 10 years; and

(4)  the part of any benefit attributable to the employees’ contributions accrued with the interest provided in the plan.

O.C. 1845-88, s. 29.