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

Section 55 Disposition versions

2014-01-01

55. The amount of any pension for which a contributor, who ceases to participate in this plan after 31 December 2013, may become eligible under this plan in respect of the years of pensionable service credited to him prior to 1 January 1992 shall equal the number of years of pensionable service to the contributor’s credit, not exceeding 35 divided by 50, multiplied

(1)  either by the average annual salary received or deemed to have been received by the contributor during any period of 5 consecutive years of pensionable service chosen by the contributor or on his behalf;

(2)  or, in the case of a contributor having fewer than 5 years of pensionable service to his credit, by the average annual salary that he received or is deemed to have received during the period of pensionable service to his credit.

For the purposes of the first paragraph, the average annual salary is determined in accordance with this Division on the basis of annualized salaries that do not take into account the limit provided for in section 18.1 of the provincial Act.

As regards years of pensionable service credited after 31 December 1991, the pension amount shall be obtained by carrying out the operations provided for in the first paragraph using, however, the average annual salary determined in accordance with this Division on the basis of annualized salaries that take into account the limit provided for in the first paragraph of section 18.1 of the provincial Act.

For the purpose of calculating the pension amounts provided for in the first and second paragraphs, the same period of 5 consecutive years shall be used and the number of years and partial years of service credited shall not total more than 35 years.

O.C. 430-93, s. 55; T.B. 208552, s. 10; T.B. 213377, s. 7.

2012-09-01

55. The amount of any pension for which a contributor, who ceases to participate in this plan after 31 December 2009, may become eligible under this plan in respect of the years of pensionable service credited to him prior to 1 January 1992 shall equal the number of years of pensionable service to the contributor’s credit, not exceeding 35 divided by 50, multiplied

(1)  either by the average annual salary received or deemed to have been received by the contributor during any period of 6 consecutive years of pensionable service chosen by the contributor or on his behalf;

(2)  or, in the case of a contributor having fewer than 6 years of pensionable service to his credit, by the average annual salary that he received or is deemed to have received during the period of pensionable service to his credit.

For the purposes of the first paragraph, the average annual salary is determined in accordance with this Division on the basis of annualized salaries that do not take into account the limit provided for in section 18.1 of the provincial Act.

As regards years of pensionable service credited after 31 December 1991, the pension amount shall be obtained by carrying out the operations provided for in the first paragraph using, however, the average annual salary determined in accordance with this Division on the basis of annualized salaries that take into account the limit provided for in the first paragraph of section 18.1 of the provincial Act.

For the purpose of calculating the pension amounts provided for in the first and second paragraphs, the same period of 6 consecutive years shall be used and the number of years and partial years of service credited shall not total more than 35 years.

O.C. 430-93, s. 55; T.B. 208552, s. 10.