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R-16, r. 1 - Regulation respecting interest applicable under the general retirement plan for the mayors and councillors of municipalities
Schedule
Disposition versions
SCHEDULE I
(s. 2)
COMPUTATION OF THE RATE OF INTEREST
The formula for the computation of the rate of interest for the reference year is the following:
iy = ((1+ Ty-1) (1 + Ty-2) (1 + Ty-3)) 1/3 - 1
where
Ty-1 is the rate of return for the year preceding the reference year
Ty-2 is the rate of return for the year occurring 2 years before the reference year
Ty-3 is the rate of return for the year occurring 3 years before the reference year.
