R-12.1, r. 2 - Special provisions in respect of classes of employees designated under section 23 of the Act respecting the Pension Plan of Management Personnel

Section 33.3 Disposition versions

2019-06-19

33.3. For the years 2018 to 2022 inclusively, Retraite Québec must establish, not later than 31 December of the year that follows each of those years, an annual compensatory amount to be paid by the employers not listed in Schedule IV to the Act. The annual compensatory amount is equal to the annual compensatory amount to be paid to the employees’ contribution fund determined pursuant to the third paragraph of section 196.27 of the Act, subject to the application of section 196.28 of the Act, divided by the sum of the contributions of the employees who are members of the plan and that are not covered by this Order in Council paid by all employers, for the year concerned, which quotient is then multiplied by the sum of the contributions of the employees covered by this Order in Council paid by employers not listed in Schedule IV to the Act, for that same year.

The annual compensatory amount is apportioned among the employers not listed in Schedule IV to the Act proportionately to the ratio of the sum of the contributions of the employees covered by this Order in Council paid to Retraite Québec by an employer not listed in Schedule IV to the Act for a year concerned to the sum of the contributions of the employees listed in this Order in Council paid by all employers not listed in Schedule IV to the Act, for the same year.

Within 60 days after the date on which Retraite Québec determines the annual compensatory amount to be paid, it must send each employer not listed in Schedule IV to the Act a statement of account showing the compensatory amount attributable to the employer. Section 43 of the Regulation under the Act respecting the Government Public Employees Retirement Plan (chapter R-10, r. 2) applies, with the necessary modifications.

O.C. 602-2019, s. 3.