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R-16, r. 1 - Regulation respecting interest applicable under the general retirement plan for the mayors and councillors of municipalities
Section 3
Disposition versions
3. The annual rate of interest in this subdivision is established as at 1 June of each year by computing the arithmetic mean, for the 12-month period ending on 31 December of the preceding year, of the nominal rates on Government of Canada marketable bonds (3-5 years) as compiled by Statistics Canada and published in the Bank of Canada’s Banking and Financing Statistics (CANSIM Series V122485).
