R-16, r. 1 - Regulation respecting interest applicable under the general retirement plan for the mayors and councillors of municipalities

Section 4 Disposition versions

2016-01-01

4. The amounts paid into the general plan bear interest, compounded annually, at the rate established each year as provided in section 2 as of the midpoint of the year in which they are paid to Retraite Québec until the date on which the refund application is received by Retraite Québec, at the rate established as provided in section 3 and in force on that date, as of the day following that date until the date on which the refund is made.

Despite the first paragraph, if the event giving entitlement to the refund is the death of the member, the period of application of section 3 begins on the day following the date of death and if the event is the death of the beneficiary or the surviving spouse, the period begins on the first day of the month following the date of death.

O.C. 21-2007, s. 4.

2012-09-01

4. The amounts paid into the general plan bear interest, compounded annually, at the rate established each year as provided in section 2 as of the midpoint of the year in which they are paid to the Commission administrative des régimes de retraite et d’assurances until the date on which the refund application is received by the Commission, at the rate established as provided in section 3 and in force on that date, as of the day following that date until the date on which the refund is made.

Despite the first paragraph, if the event giving entitlement to the refund is the death of the member, the period of application of section 3 begins on the day following the date of death and if the event is the death of the beneficiary or the surviving spouse, the period begins on the first day of the month following the date of death.

O.C. 21-2007, s. 4.