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 36.1 Disposition versions

2012-09-01

36.1. For the purposes of the fifth paragraph of section 23 of the Act, the actuarial values of the benefits are established using the method and actuarial assumptions provided for in section 10.1 of the Regulation under the Act respecting the Pension Plan of Management Personnel (chapter R-12.1, r. 1), subject to the following:

(1)  if the employee or the person is less than 3 years from retirement, the pensionable salary for the retirement plans concerned by the transfer and that are prior to the year in which it becomes covered by this Order must also be taken into account in determining average pensionable salary;

(2)  taking into account the following retirement rate for the employee or person as follows:

For the Pension Plan of Peace Officers in Correctional Services:

For an employee attaining or who would attain 32 years of service before age 50:

— 100% at age 50

For an employee attaining or who would attain 30 years of service before age 60:

— 60% at 30 years of service

— 100% (of the remaining 40%) at 32 years of service

For an employee who would attain 30 years of service at age 60 or after:

— 60% at age 60

— 100% (of the remaining 40%) at 32 years of service or at age 65 if the employee attains that age without attaining 32 years of service

For an employee with at the least 32 years of service at the time of transfer:

— 100% 6 months after transfer

For an employee who is 60 years of age or older at the time of transfer:

— 60% 6 months after the transfer

— 100% (of the remaining 40%) at 32 years of service or at age 65 if the employee attains that age without attaining 32 years of service

If the first 2 criteria apply, the assumption retained is that of the first criteria attained.

If the last 2 criteria apply, the assumption retained is that of 32 years of service.

For the Pension Plan of Management Personnel:

For an employee attaining or who would attain 35 years of service before age 55:

— 100% at age 55

For an employee whose age and years of service add up or would add up to 88 or more “criteria 88” at age 55 or older but before age 60:

— 60% at criteria 88

— 100% (of the remaining 40%) at 35 years of service or at age 65 if the employee attains that age without attaining 35 years of service

For an employee who has fewer than 28 years of service at age 60:

— 60% at age 60

— 100% of the remaining 40%) at age 65

For an employee who has at least 35 years of service at the time of transfer:

— 100% 6 months after the transfer

For an employee who is 60 years of age or older at the time of transfer:

— 60% 6 months after the transfer

— 100% (of the remaining 40%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service

If the last 2 criteria apply, the assumption retained is that of the criteria of 35 years of service.

O.C. 1235-2005, s. 2.