R-10, r. 9 - Regulation respecting the partition and assignment of benefits accrued under the Régime de retraite des membres de la Sûreté du Québec

Section 28 Disposition versions

2022-11-01

28. The value of the benefits accrued as ancillary benefits correspond,

(1)  where the retirement pension is not being paid at the date of assessment, to the sum of the optional contributions paid into funds offered to members by the Association des policières et policiers provinciaux du Québec and accrued with interest until the date of assessment, less the related administrative expenses and the sums awarded to the spouse as a result of any partition or assignments of prior benefits;

(2)  where the retirement pension is being paid at the date of assessment, to the actuarial value of those benefits established on the basis of assumptions that will produce commuted values comprised between those that would have been obtained if the assumptions based on the financing of the plan of the last available assessment produced in accordance with section 101 of the Régime de retraite des membres de la Sûreté du Québec had been used and those that would have been obtained on the basis of equivalence of actuarial values of benefits, in accordance with section 3500 of the Practice-Specific Standards for Pension Plans, Canadian Institute of Actuaries.

The value of the benefits accrued for the period of the marriage or civil union is equal to the amount represented by the letter “A” in the following formula:

B ×	C	= A, in which
	D

“B” represents the value of the benefits accrued as ancillary benefits established in accordance with the first paragraph;

“C” represents the optional contributions paid with interest for the period of the marriage or civil union; and

“D” represents the optional contributions paid with interest for the period of the member’s membership in the plan until the date of assessment.

For the purpose of paying the sums awarded to the spouse as a result of the partition or assignment of the benefits accrued as ancillary benefits referred to in Chapter V of the plan, sections 16, 18 and 19 of this Regulation apply, with the necessary modifications. The Association des policières et policiers provinciaux du Québec, its service provider or, as the case may be, the insurer transfers the sums awarded to the spouse and derived from ancillary benefits into the same annuity contract, locked-in retirement account or life income fund or, where applicable, the registered retirement savings plan or registered retirement income fund where the sums awarded to the spouse and derived from the other benefits of the plan must be transferred pursuant to section 17.

O.C. 125-2010, s. 28; O.C. 1016-2022, s. 1; I.N. 2024-05-27.

2022-10-01

28. The value of the benefits accrued as ancillary benefits correspond,

(1)  where the retirement pension is not being paid at the date of assessment, to the sum of the optional contributions paid into funds offered to members by the Association des policières et policiers provinciaux du Québec and accrued with interest until the date of assessment, less the related administrative expenses and the sums awarded to the spouse as a result of any partition or assignments of prior benefits;

(2)  where the retirement pension is being paid at the date of assessment, to the actuarial value of those benefits established on the basis of assumptions that will produce commuted values comprised between those that would have been obtained if the assumptions based on the financing of the plan of the last available assessment produced in accordance with section 101 of the Régime de retraite des membres de la Sûreté du Québec had been used and those that would have been obtained on the basis of equivalence of actuarial values of benefits, in accordance with section 3500 of the Practice-Specific Standards for Pension Plans, Canadian Institute of Actuaries.

The value of the benefits accrued for the period of the marriage or civil union is equal to the amount represented by the letter “A” in the following formula:

B ×	C	= A, in which
	D

“B” represents the value of the benefits accrued as ancillary benefits established in accordance with the first paragraph;

“C” represents the optional contributions paid with interest for the period of the marriage or civil union; and

“D” represents the optional contributions paid with interest for the period of the member’s membership in the plan until the date of assessment.

For the purpose of paying the sums awarded to the spouse as a result of the partition or assignment of the benefits accrued as ancillary benefits referred to in Chapter V of the plan, sections 16, 18 and 19 of this Regulation apply, with the necessary modifications. The Association des policières et policiers provinciaux du Québec, its service provider or, as the case may be, the insurer transfers the sums awarded to the spouse and derived from ancillary benefits into the same annuity contract, locked-in retirement account or life income fund or, where applicable, the registered retirement savings plan or registered retirement income fund where the sums awarded to the spouse and derived from the other benefits of the plan must be transferred pursuant to section 17.

O.C. 125-2010, s. 28; O.C. 1016-2022, s. 1.

2012-09-01

28. The value of the benefits accrued as ancillary benefits correspond,

(1)  where the retirement pension is not being paid at the date of assessment, to the sum of the optional contributions paid into funds offered to members by the Association des policières et policiers provinciaux du Québec and accrued with interest until the date of assessment, less the related administrative expenses and the sums awarded to the spouse as a result of any partition or assignments of prior benefits;

(2)  where the retirement pension is being paid at the date of assessment, to the actuarial value of those benefits established on the basis of assumptions that will produce commuted values comprised between those that would have been obtained if the assumptions based on the financing of the plan of the last available assessment produced in accordance with section 101 of the Régime de retraite des membres de la Sûreté du Québec had been used and those that would have been obtained on the basis of equivalence of actuarial values of benefits, in accordance with section 3800 of the Practice-Specific Standards for Pension Plans, Canadian Institute of Actuaries, Document 206036, April 2006, revised May 1, 2006, as amended.

The value of the benefits accrued for the period of the marriage or civil union is equal to the amount represented by the letter “A” in the following formula:

B X  C  = A, in which
     D

“B” represents the value of the benefits accrued as ancillary benefits established in accordance with the first paragraph;

“C” represents the optional contributions paid with interest for the period of the marriage or civil union; and

“D” represents the optional contributions paid with interest for the period of the member’s membership in the plan until the date of assessment.

For the purpose of paying the sums awarded to the spouse as a result of the partition or assignment of the benefits accrued as ancillary benefits referred to in Chapter V of the plan, sections 16, 18 and 19 of this Regulation apply, with the necessary modifications. The Association des policières et policiers provinciaux du Québec, its service provider or, as the case may be, the insurer transfers the sums awarded to the spouse and derived from ancillary benefits into the same annuity contract, locked-in retirement account or life income fund or, where applicable, the registered retirement savings plan or registered retirement income fund where the sums awarded to the spouse and derived from the other benefits of the plan must be transferred pursuant to section 17.

O.C. 125-2010, s. 28.