R-16, r. 4 - Regulation respecting the partition and assignment of benefits accrued under the general retirement plan for the mayors and councillors of municipalities

Section 3 Disposition versions

2012-09-01

3. The benefits accrued under the plan shall be established in accordance with the Act. The benefits of a council member who, on 31 December 1988, was a member of the plan and had fewer than 8 years of service correspond to a deferred-payment pension.

The accrued benefits for the period of the marriage shall be established in accordance with the first paragraph on the basis of the sums accrued to the account of the council member or former council member during that period, on the assumption that he acquired for that period benefits of the same type as those accrued to him between the time when he became a member of the plan and the date of assessment.

For the purpose of establishing and assessing the accrued benefits, those benefits correspond to the benefits acquired under the plan at the date of assessment on the basis of the years or parts of a year of service credited and the sums accrued to the account of the council member or former council member at that date. For those purposes, the council member is deemed to have ceased to be a member of the plan at the date of assessment.

O.C. 1752-91, s. 3.