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 15 Disposition versions

2016-01-01

15. Where an employee who is not eligible for a pension under section 6 ceases to be a member of the plan, the employee is entitled to receive a deferred pension payable from the nearest date on which the employee would have been entitled to the pension under paragraph 1 or 3 of that section, taking into account only the years of service credited or counted at the time the employee ceases to be a member.

The person may also be entitled to such pension when the person reaches 50 years of age. In such a case, the pension is payable to the person from the date of receipt of the person’s application by Retraite Québec or from any other later date stipulated to that effect in the person’s application. The amount of the pension is reduced, for its duration, by 0.25% per month, computed for each month comprised between the date on which it is payable and the nearest date on which it would otherwise have been granted under paragraph 1 or 3 of section 6, taking into account only the number of years of service at the time the person ceases to be a member of the plan and adding to it, if applicable, the additional reduction provided for in subparagraph 2 of the first paragraph of section 8.

O.C. 960-2003, s. 15.

2012-09-01

15. Where an employee who is not eligible for a pension under section 6 ceases to be a member of the plan, the employee is entitled to receive a deferred pension payable from the nearest date on which the employee would have been entitled to the pension under paragraph 1 or 3 of that section, taking into account only the years of service credited or counted at the time the employee ceases to be a member.

The person may also be entitled to such pension when the person reaches 50 years of age. In such a case, the pension is payable to the person from the date of receipt of the person’s application by the Commission or from any other later date stipulated to that effect in the person’s application. The amount of the pension is reduced, for its duration, by 0.25% per month, computed for each month comprised between the date on which it is payable and the nearest date on which it would otherwise have been granted under paragraph 1 or 3 of section 6, taking into account only the number of years of service at the time the person ceases to be a member of the plan and adding to it, if applicable, the additional reduction provided for in subparagraph 2 of the first paragraph of section 8.

O.C. 960-2003, s. 15.