R-10, r. 4 - Regulation respecting the application of Title IV.2 of the Act respecting the Government and Public Employees Retirement Plan

Section 6 Disposition versions

2012-09-01

6. Where a person avails himself of section 5, the actuarial value of any pension credit obtained under his pension plan, established on the date on which the application is received in accordance with the actuarial assumptions and methods prescribed in Schedule III, shall be transferred, where applicable, to a locked-in retirement account or to a life income fund. That value bears interest at the rate computed in accordance with the fourth paragraph of section 5. In the event of death, that value accrued with interest is paid to the spouse or, if there is no spouse, to the successors.

The first paragraph also applies to any person who has obtained a pension credit under the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) and who is referred to in section 3.2 of that Act.

O.C. 690-96, s. 6; O.C. 945-96, s. 1; T.B. 200048, s. 3; T.B. 202421, s. 2; T.B. 203096, s. 2.