R-10, r. 3 - Regulation respecting the application to certain unionizable employees of the special provisions applicable to non-unionizable employees

Section 1.1 Disposition versions

2016-01-01

1.1. For the purposes of paying the benefits resulting from the reductions that will not be made under the special provisions mentioned in Title IV.1 of that Act and granted to the employees referred to in section 1, Retraite Québec shall make the following transfers each year, with interest at the rates provided for in Schedule VI to the Act in respect of the period indicated in the Schedule:

(1)  a sum equal to 5/12 of the actuarial value of the benefits resulting from the reductions that will not be made in respect of the years of service prior to 1 July 1982 and to half the value of the benefits resulting from the reductions that will not be made in respect of the years of service after 30 June 1982, excluding the years of service referred to in subparagraph 2, from the non-unionizable employees’ contribution fund at the Caisse de dépôt et placement du Québec to the unionizable employees’ contribution fund at the Caisse;

(2)  a sum equal to the actuarial value of the benefits resulting from the reduction that will not be made in respect of the years of service transferred from the Teachers Pension Plan or from the Civil Service Superannuation Plan to the Government and Public Employees Retirement Plan, taken in equal shares from the non-unionizable employees’ contribution fund at the Caisse and from the employers’ contributory fund at the Caisse, to the Consolidated Revenue Fund;

(3)  a sum equal to the actuarial value of the reduction that will not be made pursuant to section 215.5.0.4 or 215.5.0.5 of the Act, in the pension credits obtained under sections 86, 100 and 104 of the Act or under sections 101, 113, and 158 of the Act, taking into account the terms and conditions of payment of those benefits, to the respective funds of those pension credits. That sum shall be taken in equal shares from the non-unionizable employees’ contribution fund at the Caisse and from the employers’ contributory fund at the Caisse.

O.C. 1587-96, s. 1.

2012-09-01

1.1. For the purposes of paying the benefits resulting from the reductions that will not be made under the special provisions mentioned in Title IV.1 of that Act and granted to the employees referred to in section 1, the Commission administrative des régimes de retraite et d’assurances shall make the following transfers each year, with interest at the rates provided for in Schedule VI to the Act in respect of the period indicated in the Schedule:

(1)  a sum equal to 5/12 of the actuarial value of the benefits resulting from the reductions that will not be made in respect of the years of service prior to 1 July 1982 and to half the value of the benefits resulting from the reductions that will not be made in respect of the years of service after 30 June 1982, excluding the years of service referred to in subparagraph 2, from the non-unionizable employees’ contribution fund at the Caisse de dépôt et placement du Québec to the unionizable employees’ contribution fund at the Caisse;

(2)  a sum equal to the actuarial value of the benefits resulting from the reduction that will not be made in respect of the years of service transferred from the Teachers Pension Plan or from the Civil Service Superannuation Plan to the Government and Public Employees Retirement Plan, taken in equal shares from the non-unionizable employees’ contribution fund at the Caisse and from the employers’ contributory fund at the Caisse, to the Consolidated Revenue Fund;

(3)  a sum equal to the actuarial value of the reduction that will not be made pursuant to section 215.5.0.4 or 215.5.0.5 of the Act, in the pension credits obtained under sections 86, 100 and 104 of the Act or under sections 101, 113, and 158 of the Act, taking into account the terms and conditions of payment of those benefits, to the respective funds of those pension credits. That sum shall be taken in equal shares from the non-unionizable employees’ contribution fund at the Caisse and from the employers’ contributory fund at the Caisse.

O.C. 1587-96, s. 1.