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R-9.2, r. 1 - Regulation under the Act respecting the Pension Plan of Peace Officers in Correctional Services
Section 3.0.1
Disposition versions
3.0.1. For the purposes of sections 23 and 41.7 of the Act, the actuarial values of the benefits are established using the following actuarial method and assumptions:
Actuarial method
The actuarial method is the “projected benefit method pro rated on service”.
In the case of section 23, if the employee is less than 5 years from retirement under the Government and Public Employees Retirement Plan or the Pension Plan of Peace Officers in Correctional Services, or less than 3 years from retirement under the Pension Plan of Management Personnel, the pensionable salary of the pension plans involved in the transfer prior to the qualification year under the Pension Plan of Peace Officers in Correctional Services must also be taken into account in determining the average pensionable salary.
Actuarial assumptions
(1) Mortality rates:
The mortality rates are determined in accordance with the CIA Standard.
(2) Interest rates:
For fully-indexed and non-indexed benefits:
The interest rates are those determined in accordance with the CIA Standard.
For partially indexed benefits:
The interest rates are determined according to the following formula:
((1 + interest rate for a non-indexed benefit) / (1 + indexing rate for a partially-indexed benefit)) - 1
The result must be rounded to the nearest multiple of 0.25%.
(3) Indexing rate:
(a) for a fully-indexed benefit according to the rate of increase in the pension index, the indexing rate is computed in the manner described in the CIA Standard;
(b) for a benefit indexed according to the excess of the rate of increase in the pension index (PI) over 3% or to half of the rate of increase in the pension index, the indexing rate corresponds respectively to the excess of the indexing rate computed in the manner provided in subparagraph a over 3% or to half the indexing rate computed in the manner provided in that subparagraph.
In order to take into account the inflation rate variations, the following additions are made to the results of effective indexing formulas for actuarial value computation purposes.
| Inflation level | Addition to the result of the PI-3% formula | Adjusted indexing rate | Addition to the result of the 50% PI, min. PI-3% formula | Adjusted indexing rate |
| 0.5 | 0.1 | 0.1 | 0.05 | 0.3 |
| 1.0 | 0.1 | 0.1 | 0.10 | 0.6 |
| 1.5 | 0.3 | 0.3 | 0.15 | 0.9 |
| 2.0 | 0.5 | 0.5 | 0.20 | 1.2 |
| 2.5 | 0.7 | 0.7 | 0.15 | 1.4 |
| 3.0 | 1.0 | 1.0 | 0.20 | 1.7 |
| 3.5 | 0.8 | 1.3 | 0.25 | 2.0 |
| 4.0 | 0.6 | 1.6 | 0.30 | 2.3 |
| 4.5 | 0.5 | 2.0 | 0.45 | 2.7 |
| 5.0 | 0.4 | 2.4 | 0.50 | 3.0 |
(4) Turnover rate: Nil
(5) Disability rate: Nil
(6) Proportion of employees with a spouse at retirement:
Males: 85%
Females: 60%
(7) Age of spouse at retirement:
— the male spouse of the member is assumed to be 2 years older;
— the female spouse of the member is assumed to be 3 years younger;
(8) Rate of increase of the MPE:
The annual increase of the maximum pensionable earnings within the meaning of the Québec Pension Plan corresponds to the annual rate of inflation plus 1%.
(9) Rate of increase of salaries:
The annual increase in salaries corresponds to the annual increase of the MPE, increased by the annual rate of salary increase.
For the Pension Plan of Peace Officers in Correctional Services
| Years of service | Annual rate of increase |
| 0 year | 2.50% |
| 1-6 years | 4.30% |
| 7 years | 2.50% |
| 8-10 years | 0.80% |
| 11-20 years | 0.60% |
| 21-30 years | 0.30% |
| 31 years and over | 0% |
For the Government and Public Employees Retirement Plan, the Teachers Pension Plan and the Civil Service Superannuation Plan
| Years of service | Annual rate of increase |
| 0-2 years | 3.30% |
| 3-5 years | 3.20% |
| 6-8 years | 2.70% |
| 9-11 years | 2.40% |
| 12-14 years | 1.90% |
| 15-17 years | 1.30% |
| 18-19 years | 0.90% |
| 20-24 years | 0.55% |
| 25-29 years | 0.40% |
| 30 years and over | 0.35% |
For the Pension Plan of Management Personnel
| Age | Annual rate of increase |
| 18-36 years | 3.30% |
| 37-38 years | 3.10% |
| 39-41 years | 2.20% |
| 42-44 years | 1.70% |
| 45-49 years | 1.50% |
| 50-54 years | 1.20% |
| 55 years and over | 0.90% |
For the Pension Plan of the members of the Sûreté du Québec
| Years of service | Annual rate of increase |
| 0-1 year | 11.80% |
| 2 years | 13.20% |
| 3 years | 11.50% |
| 4 years | 8.90% |
| 5 years | 8.60% |
| 6 years | 6.00% |
| 7-9 years | 0.75% |
| 10 years | 1.50% |
| 11-13 years | 0.75% |
| 14 years | 2.00% |
| 15-20 years | 0.50% |
| 21 years | 2.00% |
| 22 years and over | 0.50% |
(10) Rate of increase in the Tax Act defined benefit limit:
The annual increase of Tax Act defined benefit limits corresponds to that of the maximum pensionable earnings as of each year of the indexing of that limit, in accordance with the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)).
(11) Retirement rate
Retirement is determined according to the following retirement rates:
For the Pension Plan of Peace Officers in Correctional Services
| For an employee who would attain 30 years of service at age 50 or older but before age 61 | – 70% at 30 years of service |
| – 100% (of the remaining 70%) at 32 years of service | |
| For an employee who would attain 60 years of age without having more than 29 years of service | – 50% at age 60 |
| – 100% (of the remaining 50%) at 32 years of service or age 65 if the employee attains that age without attaining 32 years of service | |
| For an employee who would attain 32 years of service before age 51 or who would attain 31 years of service at age 50 | – 60% at 32 years of service before age 51 or 31 years of service at age 50 |
| – 100% (of the remaining 60%) at 35 years of service | |
| For an employee who has at least 32 years of service at the time of transfer | – 75% 6 months after the transfer |
| – 100% (of the remaining 75%) at 35 years of service | |
| For an employee who is at least 60 years of age or older and who has less than 32 years of service at the time of transfer | – 50% 6 months after the transfer |
| – 100% (of the remaining 50%) at 32 years of service or at age 65 if the employee attains that age without attaining 32 years of service | |
| For an employee with at least 30 years of service but less than 32 years of service and who is age 50 to 59 at the time of transfer | – 75% 6 months after the transfer |
| – 100% (of the remaining 75%) at 32 years of service |
For the Government and Public Employees Retirement Plan
| For an employee who would attain 35 years of service before age 55 | – 85% at 35 years of service |
| – 100% (of the remaining 85%) at 40 years of service | |
| For an employee who would attain 35 years of service at age 55 or older but before age 61 | – 90% at 35 years of service |
| – 100% (of the remaining 90%) at 40 years of service | |
| For an employee who would attain age 61 and 30 years of service or age 60 and more than 29 years of service without having more than 34 years of service | – 85% at age 61 and 30 years of service or age 60 and more than 29 years of service without having more than 34 years of service |
| – 100% (of the remaining 85%) at 35 years of service | |
| For an employee who would attain age 61 and more than 15 years of service without having more than 29 years of service | – 70% at age 61 and more than 15 years of service without having more than 29 years of service |
| – 100% (of the remaining 70%) at age 65 | |
| For an employee who would attain age 61 without having more than 15 years of service | – 60% at age 61 without having more than 15 years of service |
| – 100% (of the remaining 60%) at age 65 | |
| For an employee who has at least 35 years of service at the time of transfer | – 80% 6 months after the transfer |
| – 100% (of the remaining 80%) at 40 years of service or age 65 if the employee attains that age without attaining 40 years of service | |
| For an employee who is at least 61 years of age or at least 60 years of age and who has 30 years of service without exceeding 34 years of service at the time of transfer | – 60% 6 months after the transfer |
| – 100% (of the remaining 60%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service |
For the Pension Plan of Management Personnel
| For an employee who would attain 35 years of service at age 56 or older but before age 59 | – 90% at 35 years of service at age 56 or older but before age 59 |
| – 100% (of the remaining 90%) at 40 years of service | |
| For an employee whose age and years of service would add up to 90 (criteria 90) at age 58 or 59 | – 75% at criteria 90 |
| – 100% (of the remaining 75%) at 35 years of service | |
| For an employee whose age and years of service would add up to 90 (criteria 90) at age 60 or 61 | – 80% at criteria 90 |
| – 100% (of the remaining 80%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service | |
| For an employee who would attain age 61 and more than 15 years of service without exceeding 29 years of service | – 70% at age 61 |
| – 100% (of the remaining 70%) at age 65 | |
| For an employee who would attain age 61 without having more than 15 years of service | – 60% at age 61 |
| – 100% (of the remaining 60%) at age 65 | |
| For an employee who has at least 35 years of service and is at least age 56 at the time of transfer | – 90% 6 months after the transfer |
| – 100% (of the remaining 90%) at 40 years of service or age 65 if the employee attains that age without attaining 40 years of service | |
| For an employee whose age and years of service add up to 90, who is 58 to 60 years of age and has less than 35 years of service at the time of transfer | – 80% 6 months after the transfer |
| – 100% (of the remaining 80%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service | |
| For an employee who is at least 61 years of age and has less than 35 years of service at the time of transfer | – 60% 6 months after the transfer |
| – 100% (of the remaining 60%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service |
For the Pension Plan of members of the Sûreté du Québec
| For an employee who would attain 25 years of service at age 50 or older but before age 55 or whose age and years of service would add up to 75 (criteria 75) before age 50 | – 15% at 25 years of service or criteria 75 if the employee is less than 50 years of age |
| – 100% (of the remaining 15%) at 32 years of service | |
| For an employee who would attain 25 years of service at age 55 or older but before age 60 | – 30% at 25 years of service |
| – 100% (of the remaining 30%) at 32 years of service or age 60 if the employee attains that age without attaining 32 years of service | |
| For an employee who would attain age 60 without having more than 25 years of service | – 60% at age 60 |
| – 100% (of the remaining 60%) at age 65 | |
| For an employee who is at least 60 years of age at the time of transfer | – 60% 6 months after the transfer |
| – 100% (of the remaining 60%) at 38 years of service or age 65 if the employee attains that age without attaining 38 years of service | |
| For an employee who has at least 32 years of service without attaining age 60 at the time of transfer | – 60% 6 months after the transfer |
| – 100% (of the remaining 60%) at 38 years of service or age 60 if the employee attains that age without attaining 38 years of service | |
| For an employee whose age and years of service add up to 75 at the time of transfer while the employee is less than 50 years of age and has less than 32 years of service | – 30% 6 months after the transfer |
| – 100% (of the remaining 30%) at 32 years of service | |
| For an employee who has at least 25 years of service but less than 32 years of service and is 50 to 54 years of age at the time of transfer | – 30% 6 months after the transfer |
| – 100% (of the remaining 30%) at 32 years of service | |
| For an employee who has at least 25 years of service but less than 32 years of service and is 55 to 59 years of age at the time of transfer | – 50% 6 months after the transfer |
| – 100% (of the remaining 50%) at 32 years of service or age 60 if the employee attains that age without attaining 32 years of service |
3.0.1. For the purposes of sections 23 and 41.7 of the Act, the actuarial values of the benefits are established using the following actuarial method and assumptions:
Actuarial method
The actuarial method is the “projected benefit method pro rated on service”.
In the case of section 23, if the employee is less than 5 years from retirement under the Government and Public Employees Retirement Plan or the Pension Plan of Peace Officers in Correctional Services, or less than 3 years from retirement under the Pension Plan of Management Personnel, the pensionable salary of the pension plans involved in the transfer prior to the qualification year under the Pension Plan of Peace Officers in Correctional Services must also be taken into account in determining the average pensionable salary.
Actuarial assumptions
(1) Mortality rates:
The mortality rates are determined in accordance with the CIA Standard.
(2) Interest rates:
For fully-indexed and non-indexed benefits:
The interest rates are those determined in accordance with the CIA Standard.
For partially indexed benefits:
The interest rates are determined according to the following formula:
((1 + interest rate for a non-indexed benefit) / (1 + indexing rate for a partially-indexed benefit)) - 1
The result must be rounded to the nearest multiple of 0.25%.
(3) Indexing rate:
(a) for a fully-indexed benefit according to the rate of increase in the pension index, the indexing rate is computed in the manner described in the CIA Standard;
(b) for a benefit indexed according to the excess of the rate of increase in the pension index (PI) over 3% or to half of the rate of increase in the pension index, the indexing rate corresponds respectively to the excess of the indexing rate computed in the manner provided in subparagraph a over 3% or to half the indexing rate computed in the manner provided in that subparagraph.
In order to take into account the inflation rate variations, the following additions are made to the results of effective indexing formulas for actuarial value computation purposes.
| Inflation level | Addition to the result of the PI-3% formula | Adjusted indexing rate | Addition to the result of the 50% PI, min. PI-3% formula | Adjusted indexing rate |
| 0.5 | 0.1 | 0.1 | 0.05 | 0.3 |
| 1.0 | 0.1 | 0.1 | 0.10 | 0.6 |
| 1.5 | 0.3 | 0.3 | 0.15 | 0.9 |
| 2.0 | 0.5 | 0.5 | 0.20 | 1.2 |
| 2.5 | 0.7 | 0.7 | 0.15 | 1.4 |
| 3.0 | 1.0 | 1.0 | 0.20 | 1.7 |
| 3.5 | 0.8 | 1.3 | 0.25 | 2.0 |
| 4.0 | 0.6 | 1.6 | 0.30 | 2.3 |
| 4.5 | 0.5 | 2.0 | 0.45 | 2.7 |
| 5.0 | 0.4 | 2.4 | 0.50 | 3.0 |
(4) Turnover rate: Nil
(5) Disability rate: Nil
(6) Proportion of employees with a spouse at retirement:
Males: 85%
Females: 60%
(7) Age of spouse at retirement:
— the male spouse of the member is assumed to be 2 years older;
— the female spouse of the member is assumed to be 3 years younger;
(8) Rate of increase of the MPE:
The annual increase of the maximum pensionable earnings within the meaning of the Québec Pension Plan corresponds to the annual rate of inflation plus 1%.
(9) Rate of increase of salaries:
The annual increase in salaries corresponds to the annual increase of the MPE, increased by the annual rate of salary increase.
For the Pension Plan of Peace Officers in Correctional Services
| Years of service | Annual rate of increase |
| 0 year | 2.50% |
| 1-6 years | 4.30% |
| 7 years | 2.50% |
| 8-10 years | 0.80% |
| 11-20 years | 0.60% |
| 21-30 years | 0.30% |
| 31 years and over | 0% |
For the Government and Public Employees Retirement Plan, the Teachers Pension Plan and the Civil Service Superannuation Plan
| Years of service | Annual rate of increase |
| 0-2 years | 3.30% |
| 3-5 years | 3.20% |
| 6-8 years | 2.70% |
| 9-11 years | 2.40% |
| 12-14 years | 1.90% |
| 15-17 years | 1.30% |
| 18-19 years | 0.90% |
| 20-24 years | 0.55% |
| 25-29 years | 0.40% |
| 30 years and over | 0.35% |
For the Pension Plan of Management Personnel
| Age | Annual rate of increase |
| 18-36 years | 3.30% |
| 37-38 years | 3.10% |
| 39-41 years | 2.20% |
| 42-44 years | 1.70% |
| 45-49 years | 1.50% |
| 50-54 years | 1.20% |
| 55 years and over | 0.90% |
For the Pension Plan of the members of the Sûreté du Québec
| Years of service | Annual rate of increase |
| 0-1 year | 11.80% |
| 2 years | 13.20% |
| 3 years | 11.50% |
| 4 years | 8.90% |
| 5 years | 8.60% |
| 6 years | 6.00% |
| 7-9 years | 0.75% |
| 10 years | 1.50% |
| 11-13 years | 0.75% |
| 14 years | 2.00% |
| 15-20 years | 0.50% |
| 21 years | 2.00% |
| 22 years and over | 0.50% |
(10) Rate of increase in the Tax Act defined benefit limit:
The annual increase of Tax Act defined benefit limits corresponds to that of the maximum pensionable earnings as of each year of the indexing of that limit, in accordance with the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)).
(11) Retirement rate
Retirement is determined according to the following retirement rates:
For the Pension Plan of Peace Officers in Correctional Services
| For an employee who would attain 30 years of service at age 50 or older but before age 61 | – 70% at 30 years of service |
| – 100% (of the remaining 70%) at 32 years of service | |
| For an employee who would attain 60 years of age without having more than 29 years of service | – 50% at age 60 |
| – 100% (of the remaining 50%) at 32 years of service or age 65 if the employee attains that age without attaining 32 years of service | |
| For an employee who would attain 32 years of service before age 51 or who would attain 31 years of service at age 50 | – 60% at 32 years of service before age 51 or 31 years of service at age 50 |
| – 100% (of the remaining 60%) at 35 years of service | |
| For an employee who has at least 32 years of service at the time of transfer | – 75% 6 months after the transfer |
| – 100% (of the remaining 75%) at 35 years of service | |
| For an employee who is at least 60 years of age or older and who has less than 32 years of service at the time of transfer | – 50% 6 months after the transfer |
| – 100% (of the remaining 50%) at 32 years of service or at age 65 if the employee attains that age without attaining 32 years of service | |
| For an employee with at least 30 years of service but less than 32 years of service and who is age 50 to 59 at the time of transfer | – 75% 6 months after the transfer |
| – 100% (of the remaining 75%) at 32 years of service |
For the Government and Public Employees Retirement Plan
| For an employee who would attain 35 years of service before age 55 | – 85% at 35 years of service |
| – 100% (of the remaining 85%) at 40 years of service | |
| For an employee who would attain 35 years of service at age 55 or older but before age 61 | – 90% at 35 years of service |
| – 100% (of the remaining 90%) at 40 years of service | |
| For an employee who would attain age 61 and 30 years of service or age 60 and more than 29 years of service without having more than 34 years of service | – 85% at age 61 and 30 years of service or age 60 and more than 29 years of service without having more than 34 years of service |
| – 100% (of the remaining 85%) at 35 years of service | |
| For an employee who would attain age 61 and more than 15 years of service without having more than 29 years of service | – 70% at age 61 and more than 15 years of service without having more than 29 years of service |
| – 100% (of the remaining 70%) at age 65 | |
| For an employee who would attain age 61 without having more than 15 years of service | – 60% at age 61 without having more than 15 years of service |
| – 100% (of the remaining 60%) at age 65 | |
| For an employee who has at least 35 years of service at the time of transfer | – 80% 6 months after the transfer |
| – 100% (of the remaining 80%) at 40 years of service or age 65 if the employee attains that age without attaining 40 years of service | |
| For an employee who is at least 61 years of age or at least 60 years of age and who has 30 years of service without exceeding 34 years of service at the time of transfer | – 60% 6 months after the transfer |
| – 100% (of the remaining 60%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service |
For the Pension Plan of Management Personnel
| For an employee who would attain 35 years of service at age 56 or older but before age 59 | – 90% at 35 years of service at age 56 or older but before age 59 |
| – 100% (of the remaining 90%) at 40 years of service | |
| For an employee whose age and years of service would add up to 90 (criteria 90) at age 58 or 59 | – 75% at criteria 90 |
| – 100% (of the remaining 75%) at 35 years of service | |
| For an employee whose age and years of service would add up to 90 (criteria 90) at age 60 or 61 | – 80% at criteria 90 |
| – 100% (of the remaining 80%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service | |
| For an employee who would attain age 61 and more than 15 years of service without exceeding 29 years of service | – 70% at age 61 |
| – 100% (of the remaining 70%) at age 65 | |
| For an employee who would attain age 61 without having more than 15 years of service | – 60% at age 61 |
| – 100% (of the remaining 60%) at age 65 | |
| For an employee who has at least 35 years of service and is at least age 56 at the time of transfer | – 90% 6 months after the transfer |
| – 100% (of the remaining 90%) at 40 years of service or age 65 if the employee attains that age without attaining 40 years of service | |
| For an employee whose age and years of service add up to 90, who is 58 to 60 years of age and has less than 35 years of service at the time of transfer | – 80% 6 months after the transfer |
| – 100% (of the remaining 80%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service | |
| For an employee who is at least 61 years of age and has less than 35 years of service at the time of transfer | – 60% 6 months after the transfer |
| – 100% (of the remaining 60%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service |
For the Pension Plan of members of the Sûreté du Québec
| For an employee who would attain 25 years of service at age 50 or older but before age 55 or whose age and years of service would add up to 75 (criteria 75) before age 50 | – 15% at 25 years of service or criteria 75 if the employee is less than 50 years of age |
| – 100% (of the remaining 15%) at 32 years of service | |
| For an employee who would attain 25 years of service at age 55 or older but before age 60 | – 30% at 25 years of service |
| – 100% (of the remaining 30%) at 32 years of service or age 60 if the employee attains that age without attaining 32 years of service | |
| For an employee who would attain age 60 without having more than 25 years of service | – 60% at age 60 |
| – 100% (of the remaining 60%) at age 65 | |
| For an employee who is at least 60 years of age at the time of transfer | – 60% 6 months after the transfer |
| – 100% (of the remaining 60%) at 38 years of service or age 65 if the employee attains that age without attaining 38 years of service | |
| For an employee who has at least 32 years of service without attaining age 60 at the time of transfer | – 60% 6 months after the transfer |
| – 100% (of the remaining 60%) at 38 years of service or age 60 if the employee attains that age without attaining 38 years of service | |
| For an employee whose age and years of service add up to 75 at the time of transfer while the employee is less than 50 years of age and has less than 32 years of service | – 30% 6 months after the transfer |
| – 100% (of the remaining 30%) at 32 years of service | |
| For an employee who has at least 25 years of service but less than 32 years of service and is 50 to 54 years of age at the time of transfer | – 30% 6 months after the transfer |
| – 100% (of the remaining 30%) at 32 years of service | |
| For an employee who has at least 25 years of service but less than 32 years of service and is 55 to 59 years of age at the time of transfer | – 50% 6 months after the transfer |
| – 100% (of the remaining 50%) at 32 years of service or age 60 if the employee attains that age without attaining 32 years of service |
3.0.1. For the purposes of sections 23, 41.7 and 41.12 of the Act, the actuarial values of the benefits are established using the following actuarial method and assumptions:
Actuarial method
The actuarial method is the “projected benefit method pro rated on service”.
In the case of section 23, if the employee is less than 5 years from retirement under the Government and Public Employees Retirement Plan or the Pension Plan of Peace Officers in Correctional Services, or less than 3 years from retirement under the Pension Plan of Management Personnel, the pensionable salary of the pension plans involved in the transfer prior to the qualification year under the Pension Plan of Peace Officers in Correctional Services must also be taken into account in determining the average pensionable salary.
Actuarial assumptions
(1) Mortality rates:
The mortality rates are determined in accordance with the CIA Standard.
(2) Interest rates:
For fully-indexed and non-indexed benefits:
The interest rates are those determined in accordance with the CIA Standard.
For partially indexed benefits:
The interest rates are determined according to the following formula:
((1 + interest rate for a non-indexed benefit) / (1 + indexing rate for a partially-indexed benefit)) - 1
The result must be rounded to the nearest multiple of 0.25%.
(3) Indexing rate:
(a) for a fully-indexed benefit according to the rate of increase in the pension index, the indexing rate is computed in the manner described in the CIA Standard;
(b) for a benefit indexed according to the excess of the rate of increase in the pension index (PI) over 3% or to half of the rate of increase in the pension index, the indexing rate corresponds respectively to the excess of the indexing rate computed in the manner provided in subparagraph a over 3% or to half the indexing rate computed in the manner provided in that subparagraph.
Inflation Addition to Adjusted Addition to Adjusted
level the result of indexing the result of indexing
the PI-3% rate the 50% PI, rate
formula min. PI-3%
formula
0.5 0.1 0.1 0.05 0.3
1.0 0.1 0.1 0.10 0.6
1.5 0.3 0.3 0.15 0.9
2.0 0.5 0.5 0.20 1.2
2.5 0.7 0.7 0.15 1.4
3.0 1.0 1.0 0.20 1.7
3.5 0.8 1.3 0.25 2.0
4.0 0.6 1.6 0.30 2.3
4.5 0.5 2.0 0.45 2.7
5.0 0.4 2.4 0.50 3.0
In order to take into account the inflation rate variations, the following additions are made to the results of effective indexing formulas for actuarial value computation purposes.
Inflation Addition to Adjusted Addition to Adjusted
level the result of indexing the result of indexing
the PI-3% rate the 50% PI, rate
formula min. PI-3%
formula
0.5 0.1 0.1 0.05 0.3
1.0 0.1 0.1 0.10 0.6
1.5 0.3 0.3 0.15 0.9
2.0 0.5 0.5 0.20 1.2
2.5 0.7 0.7 0.15 1.4
3.0 1.0 1.0 0.20 1.7
3.5 0.8 1.3 0.25 2.0
4.0 0.6 1.6 0.30 2.3
4.5 0.5 2.0 0.45 2.7
5.0 0.4 2.4 0.50 3.0
(4) Turnover rate: Nil
(5) Disability rate: Nil
(6) Proportion of employees with a spouse at retirement:
Males: 85%
Females: 60%
(7) Age of spouse at retirement:
— the male spouse of the member is assumed to be 2 years older;
— the female spouse of the member is assumed to be 3 years younger;
(8) Rate of increase of the MPE:
The annual increase of the maximum pensionable earnings within the meaning of the Québec Pension Plan corresponds to the annual rate of inflation plus 1%.
(9) Rate of increase of salaries:
The annual increase in salaries corresponds to the annual increase of the MPE, increased by the annual rate of salary increase.
For the Pension Plan of Peace Officers in Correctional Services
| Years of service | Annual rate of increase |
| 0 year | 2.50% |
| 1-6 years | 4.30% |
| 7 years | 2.50% |
| 8-10 years | 0.80% |
| 11-20 years | 0.60% |
| 21-30 years | 0.30% |
| 31 years and over | 0% |
For the Government and Public Employees Retirement Plan, the Teachers Pension Plan and the Civil Service Superannuation Plan
| Years of service | Annual rate of increase |
| 0-2 years | 3.30% |
| 3-5 years | 3.20% |
| 6-8 years | 2.70% |
| 9-11 years | 2.40% |
| 12-14 years | 1.90% |
| 15-17 years | 1.30% |
| 18-19 years | 0.90% |
| 20-24 years | 0.55% |
| 25-29 years | 0.40% |
| 30 years and over | 0.35% |
For the Pension Plan of Management Personnel
| Age | Annual rate of increase |
| 18-36 years | 3.30% |
| 37-38 years | 3.10% |
| 39-41 years | 2.20% |
| 42-44 years | 1.70% |
| 45-49 years | 1.50% |
| 50-54 years | 1.20% |
| 55 years and over | 0.90% |
For the Pension Plan of the members of the Sûreté du Québec
| Years of service | Annual rate of increase |
| 0-1 year | 11.80% |
| 2 years | 13.20% |
| 3 years | 11.50% |
| 4 years | 8.90% |
| 5 years | 8.60% |
| 6 years | 6.00% |
| 7-9 years | 0.75% |
| 10 years | 1.50% |
| 11-13 years | 0.75% |
| 14 years | 2.00% |
| 15-20 years | 0.50% |
| 21 years | 2.00% |
| 22 years and over | 0.50% |
(10) Rate of increase in the Tax Act defined benefit limit:
The annual increase of Tax Act defined benefit limits corresponds to that of the maximum pensionable earnings as of each year of the indexing of that limit, in accordance with the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)).
(11) Retirement age
For the purpose of section 41.12 of the Act, the retirement age is the age on the date on which membership ceases as determined pursuant to section 8.7 or 8.8 of the Act.
For the purposes of sections 23 and 41.7 of the Act, retirement is determined according to the following retirement rates:
For the Pension Plan of Peace Officers in Correctional Services
| For an employee who would attain 30 years of service at age 50 or older but before age 61 | – 70% at 30 years of service |
| – 100% (of the remaining 70%) at 32 years of service | |
| For an employee who would attain 60 years of age without having more than 29 years of service | – 50% at age 60 |
| – 100% (of the remaining 50%) at 32 years of service or age 65 if the employee attains that age without attaining 32 years of service | |
| For an employee who would attain 32 years of service before age 51 or who would attain 31 years of service at age 50 | – 60% at 32 years of service before age 51 or 31 years of service at age 50 |
| – 100% (of the remaining 60%) at 35 years of service | |
| For an employee who has at least 32 years of service at the time of transfer | – 75% 6 months after the transfer |
| – 100% (of the remaining 75%) at 35 years of service | |
| For an employee who is at least 60 years of age or older and who has less than 32 years of service at the time of transfer | – 50% 6 months after the transfer |
| – 100% (of the remaining 50%) at 32 years of service or at age 65 if the employee attains that age without attaining 32 years of service | |
| For an employee with at least 30 years of service but less than 32 years of service and who is age 50 to 59 at the time of transfer | – 75% 6 months after the transfer |
| – 100% (of the remaining 75%) at 32 years of service |
For the Government and Public Employees Retirement Plan
| For an employee who would attain 35 years of service before age 55 | – 85% at 35 years of service |
| – 100% (of the remaining 85%) at 40 years of service | |
| For an employee who would attain 35 years of service at age 55 or older but before age 61 | – 90% at 35 years of service |
| – 100% (of the remaining 90%) at 40 years of service | |
| For an employee who would attain age 61 and 30 years of service or age 60 and more than 29 years of service without having more than 34 years of service | – 85% at age 61 and 30 years of service or age 60 and more than 29 years of service without having more than 34 years of service |
| – 100% (of the remaining 85%) at 35 years of service | |
| For an employee who would attain age 61 and more than 15 years of service without having more than 29 years of service | – 70% at age 61 and more than 15 years of service without having more than 29 years of service |
| – 100% (of the remaining 70%) at age 65 | |
| For an employee who would attain age 61 without having more than 15 years of service | – 60% at age 61 without having more than 15 years of service |
| – 100% (of the remaining 60%) at age 65 | |
| For an employee who has at least 35 years of service at the time of transfer | – 80% 6 months after the transfer |
| – 100% (of the remaining 80%) at 40 years of service or age 65 if the employee attains that age without attaining 40 years of service | |
| For an employee who is at least 61 years of age or at least 60 years of age and who has 30 years of service without exceeding 34 years of service at the time of transfer | – 60% 6 months after the transfer |
| – 100% (of the remaining 60%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service |
For the Pension Plan of Management Personnel
| For an employee who would attain 35 years of service at age 56 or older but before age 59 | – 90% at 35 years of service at age 56 or older but before age 59 |
| – 100% (of the remaining 90%) at 40 years of service | |
| For an employee whose age and years of service would add up to 90 (criteria 90) at age 58 or 59 | – 75% at criteria 90 |
| – 100% (of the remaining 75%) at 35 years of service | |
| For an employee whose age and years of service would add up to 90 (criteria 90) at age 60 or 61 | – 80% at criteria 90 |
| – 100% (of the remaining 80%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service | |
| For an employee who would attain age 61 and more than 15 years of service without exceeding 29 years of service | – 70% at age 61 |
| – 100% (of the remaining 70%) at age 65 | |
| For an employee who would attain age 61 without having more than 15 years of service | – 60% at age 61 |
| – 100% (of the remaining 60%) at age 65 | |
| For an employee who has at least 35 years of service and is at least age 56 at the time of transfer | – 90% 6 months after the transfer |
| – 100% (of the remaining 90%) at 40 years of service or age 65 if the employee attains that age without attaining 40 years of service | |
| For an employee whose age and years of service add up to 90, who is 58 to 60 years of age and has less than 35 years of service at the time of transfer | – 80% 6 months after the transfer |
| – 100% (of the remaining 80%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service | |
| For an employee who is at least 61 years of age and has less than 35 years of service at the time of transfer | – 60% 6 months after the transfer |
| – 100% (of the remaining 60%) at 35 years of service or age 65 if the employee attains that age without attaining 35 years of service |
For the Pension Plan of members of the Sûreté du Québec
| For an employee who would attain 25 years of service at age 50 or older but before age 55 or whose age and years of service would add up to 75 (criteria 75) before age 50 | – 15% at 25 years of service or criteria 75 if the employee is less than 50 years of age |
| – 100% (of the remaining 15%) at 32 years of service | |
| For an employee who would attain 25 years of service at age 55 or older but before age 60 | – 30% at 25 years of service |
| – 100% (of the remaining 30%) at 32 years of service or age 60 if the employee attains that age without attaining 32 years of service | |
| For an employee who would attain age 60 without having more than 25 years of service | – 60% at age 60 |
| – 100% (of the remaining 60%) at age 65 | |
| For an employee who is at least 60 years of age at the time of transfer | – 60% 6 months after the transfer |
| – 100% (of the remaining 60%) at 38 years of service or age 65 if the employee attains that age without attaining 38 years of service | |
| For an employee who has at least 32 years of service without attaining age 60 at the time of transfer | – 60% 6 months after the transfer |
| – 100% (of the remaining 60%) at 38 years of service or age 60 if the employee attains that age without attaining 38 years of service | |
| For an employee whose age and years of service add up to 75 at the time of transfer while the employee is less than 50 years of age and has less than 32 years of service | – 30% 6 months after the transfer |
| – 100% (of the remaining 30%) at 32 years of service | |
| For an employee who has at least 25 years of service but less than 32 years of service and is 50 to 54 years of age at the time of transfer | – 30% 6 months after the transfer |
| – 100% (of the remaining 30%) at 32 years of service | |
| For an employee who has at least 25 years of service but less than 32 years of service and is 55 to 59 years of age at the time of transfer | – 50% 6 months after the transfer |
| – 100% (of the remaining 50%) at 32 years of service or age 60 if the employee attains that age without attaining 32 years of service |
3.0.1. For the purposes of sections 23, 41.7 and 41.12 of the Act, the actuarial values of the benefits are established using the following actuarial method and assumptions:
Actuarial method
The actuarial method is the “projected benefit method pro rated on service”.
In the case of section 23, if the employee is less than 5 years from retirement under the Government and Public Employees Retirement Plan or the Pension Plan of Peace Officers in Correctional Services, or less than 3 years from retirement under the Pension Plan of Management Personnel, the pensionable salary of the pension plans involved in the transfer prior to the qualification year under the Pension Plan of Peace Officers in Correctional Services must also be taken into account in determining the average pensionable salary.
Actuarial assumptions
(1) Mortality rates:
The mortality rates are determined in accordance with the CIA Standard.
(2) Interest rates:
For fully-indexed and non-indexed benefits:
The interest rates are those determined in accordance with the CIA Standard.
For partially indexed benefits:
The interest rates are determined according to the following formula:
((1 + interest rate for a non-indexed benefit) / (1 + indexing rate for a partially-indexed benefit)) - 1
The result must be rounded to the nearest multiple of 0.25%.
(3) Indexing rate:
(a) for a fully-indexed benefit according to the rate of increase in the pension index, the indexing rate is computed in the manner described in the CIA Standard;
(b) for a benefit indexed according to the excess of the rate of increase in the pension index (PI) over 3% or to half of the rate of increase in the pension index, the indexing rate corresponds respectively to the excess of the indexing rate computed in the manner provided in subparagraph a over 3% or to half the indexing rate computed in the manner provided in that subparagraph.
Inflation Addition to Adjusted Addition to Adjusted
level the result of indexing the result of indexing
the PI-3% rate the 50% PI, rate
formula min. PI-3%
formula
0.5 0.1 0.1 0.05 0.3
1.0 0.1 0.1 0.10 0.6
1.5 0.3 0.3 0.15 0.9
2.0 0.5 0.5 0.20 1.2
2.5 0.7 0.7 0.15 1.4
3.0 1.0 1.0 0.20 1.7
3.5 0.8 1.3 0.25 2.0
4.0 0.6 1.6 0.30 2.3
4.5 0.5 2.0 0.45 2.7
5.0 0.4 2.4 0.50 3.0
In order to take into account the inflation rate variations, the following additions are made to the results of effective indexing formulas for actuarial value computation purposes.
Inflation Addition to Adjusted Addition to Adjusted
level the result of indexing the result of indexing
the PI-3% rate the 50% PI, rate
formula min. PI-3%
formula
0.5 0.1 0.1 0.05 0.3
1.0 0.1 0.1 0.10 0.6
1.5 0.3 0.3 0.15 0.9
2.0 0.5 0.5 0.20 1.2
2.5 0.7 0.7 0.15 1.4
3.0 1.0 1.0 0.20 1.7
3.5 0.8 1.3 0.25 2.0
4.0 0.6 1.6 0.30 2.3
4.5 0.5 2.0 0.45 2.7
5.0 0.4 2.4 0.50 3.0
(4) Turnover rate: Nil
(5) Disability rate: Nil
(6) Proportion of employees with a spouse at retirement:
Males: 85%
Females: 60%
(7) Age of spouse at retirement:
— the male spouse of the member is assumed to be 2 years older;
— the female spouse of the member is assumed to be 3 years younger;
(8) Rate of increase of the MPE:
The annual increase of the maximum pensionable earnings within the meaning of the Québec Pension Plan corresponds to the annual rate of inflation plus 1%.
(9) Rate of increase of salaries:
The annual increase in salaries corresponds to the annual increase of the MPE, increased by the annual rate of salary increase.
For the Pension Plan of Peace Officers in Correctional Services
Years of service Annual rate
of increase
0-4 years 2.5%
5-15 years 0.4%
16 years and over 0.2%
of increase
0-4 years 2.5%
5-15 years 0.4%
16 years and over 0.2%
For the Government and Public Employees Retirement Plan, the Teachers Pension Plan and the Civil Service Superannuation Plan
Years of service Annual rate
of increase
0-10 years 2.50%
1-20 years 0.75%
21 years and ove 0.25%
of increase
0-10 years 2.50%
1-20 years 0.75%
21 years and ove 0.25%
For the Pension Plan of Management Personnel
Age Annual rate
of increase
18-35 years 4.60%
36-50 years 2.00%
51 years and over 0.70%
of increase
18-35 years 4.60%
36-50 years 2.00%
51 years and over 0.70%
For the Pension Plan of the members of the Sûreté du Québec
Years of service Annual rate
of increase
0 year 0%
1 year 6.35%
2 years 11.80%
3 years 12.90%
4 years 9.80%
5 years 8.70%
6 years 8.00%
7 years 4.50%
8-13 years 0.45%
14 years 2.45%
15-20 years 0.45%
21 years 2.45%
22 years or more 0.45%
of increase
0 year 0%
1 year 6.35%
2 years 11.80%
3 years 12.90%
4 years 9.80%
5 years 8.70%
6 years 8.00%
7 years 4.50%
8-13 years 0.45%
14 years 2.45%
15-20 years 0.45%
21 years 2.45%
22 years or more 0.45%
(10) Rate of increase in the Tax Act defined benefit limit:
The annual increase of Tax Act defined benefit limits corresponds to that of the maximum pensionable earnings as of each year of the indexing of that limit, in accordance with the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)).
(11) Retirement age
For the purposes of section 41.12 of the Act, the retirement age is the age on the date on which membership ceases as determined pursuant to section 8.7 or 8.8 of the Act.
For the purposes of sections 23 and 41.7 of the Act, retirement is determined according to the following retirement rates:
For the Pension Plan of Peace Officers in Correctional Services:
For an employee who 100% at age 50
would attain 32 years
of service before age 50
For an employee who 60% at 30 years of
would attain 30 years service
of service before age 60
100% (of the remaining 40%)
at 32 years of service
For an employee who 60% at age 60
would attain 60 years
of age without having
more than 30 years of
service
100% (of the remaining 40%)
at 32 years of service or
age 65 if the employee
attains that age without
attaining 32 years of
service
For an employee who 100% 6 months after
would attain 32 years the transfer
of service at age 50 or
older and who is less
than 60 years of age and
has 30 years of service
or more but less than
32 years of service at
the time of transfer
For an employee with 100% 6 months after
at least 32 years of service the transfer
at the time of transfer
For an employee who 60% 6 months after
is 60 years of age or the transfer
older at the time of
transfer
100% (of the remaining 40%)
at 32 years of service or age 65
if the employee attains that age
without attaining 32 years of
service
would attain 32 years
of service before age 50
For an employee who 60% at 30 years of
would attain 30 years service
of service before age 60
100% (of the remaining 40%)
at 32 years of service
For an employee who 60% at age 60
would attain 60 years
of age without having
more than 30 years of
service
100% (of the remaining 40%)
at 32 years of service or
age 65 if the employee
attains that age without
attaining 32 years of
service
For an employee who 100% 6 months after
would attain 32 years the transfer
of service at age 50 or
older and who is less
than 60 years of age and
has 30 years of service
or more but less than
32 years of service at
the time of transfer
For an employee with 100% 6 months after
at least 32 years of service the transfer
at the time of transfer
For an employee who 60% 6 months after
is 60 years of age or the transfer
older at the time of
transfer
100% (of the remaining 40%)
at 32 years of service or age 65
if the employee attains that age
without attaining 32 years of
service
If the first 2 criteria apply, the assumption retained is that of the first criteria attained.
If the last 2 criteria apply, the assumption retained is that of the criteria of 32 years of service.
For the Government and Public Employees Retirement Plan:
For an employee who 100% at age 55
would attain 35 years
of service before age 55
For an employee who 100% at 35 years of
would attain 35 years service
of service at age 55 or
older but before age 60
For an employee who 60% at age 60
would attain age 60
without having more
than 35 years of service
100% (of the remaining 40%)
at 35 years of service or
age 65 if the employee attains
that age without attaining
35 years of service
For an employee with 100% 6 months after
at least 35 years of the transfer
service at the time of
transfer
For an employee who 60% 6 months after
is 60 years of age or the transfer
older at the time of
transfer
100% (of the remaining 40%)
at 35 years of service or
age 65 if the employee attains
that age without attaining
35 years of service
would attain 35 years
of service before age 55
For an employee who 100% at 35 years of
would attain 35 years service
of service at age 55 or
older but before age 60
For an employee who 60% at age 60
would attain age 60
without having more
than 35 years of service
100% (of the remaining 40%)
at 35 years of service or
age 65 if the employee attains
that age without attaining
35 years of service
For an employee with 100% 6 months after
at least 35 years of the transfer
service at the time of
transfer
For an employee who 60% 6 months after
is 60 years of age or the transfer
older at the time of
transfer
100% (of the remaining 40%)
at 35 years of service or
age 65 if the employee attains
that age without attaining
35 years of service
If the last 2 criteria apply, the assumption retained is that of the criteria of 35 years of service.
For the Pension Plan of Management Personnel:
For an employee who 100% at age 55
would attain 35 years
of service before age 55
For an employee whose 60% at criteria 88
age and years of service
would add up to 88
(criteria 88) at age 54
or older but before age 60
100% (of the remaining 40%)
at 35 years of service or
age 65 if the employee attains
that age without attaining
35 years of service
For an employee who 60% at age 60
would attain 60 years of
age without having more
than 28 years of service
100% (of the remaining 40%)
at age 65
For an employee whose 60% 6 months after
age and years of service the transfer
add up to 88 or more at
age 54 or older but before
age 60 at the time of
transfer
100% (of the remaining 40%)
at 35 years of service or
age 65 if the employee attains
that age without attaining
35 years of service
For an employee who 100% 6 months after
has at least 35 years of the transfer
service at the time of
transfer
For an employee who 60% 6 months after
is 60 years of age or the transfer
older at the time of
transfer
100% (of the remaining 40%)
at 35 years of service or
age 65 if the employee attains
that age without attaining
35 years of service
would attain 35 years
of service before age 55
For an employee whose 60% at criteria 88
age and years of service
would add up to 88
(criteria 88) at age 54
or older but before age 60
100% (of the remaining 40%)
at 35 years of service or
age 65 if the employee attains
that age without attaining
35 years of service
For an employee who 60% at age 60
would attain 60 years of
age without having more
than 28 years of service
100% (of the remaining 40%)
at age 65
For an employee whose 60% 6 months after
age and years of service the transfer
add up to 88 or more at
age 54 or older but before
age 60 at the time of
transfer
100% (of the remaining 40%)
at 35 years of service or
age 65 if the employee attains
that age without attaining
35 years of service
For an employee who 100% 6 months after
has at least 35 years of the transfer
service at the time of
transfer
For an employee who 60% 6 months after
is 60 years of age or the transfer
older at the time of
transfer
100% (of the remaining 40%)
at 35 years of service or
age 65 if the employee attains
that age without attaining
35 years of service
If the last 2 criteria apply, the assumption retained is that of the criteria of 35 years of service.
For the Pension Plan of members of the Sûreté du Québec:
For an employee whose 20% at criteria 75
age and years of service
would add up to 75
(criteria 75) at age 50 or
older but before age 60
100% (of the remaining 80%)
at 25 years of service or
age 60 if the employee attains
that age without attaining
25 years of service
For an employee who 20% at 25 years of
would attain 25 years service
of service before age 50
100% (of the remaining 80%)
at criteria 75
For an employee who 100% at age 60
would attain age 60
without having more
than 15 years of service
For an employee whose 20% 6 months after
age and years of service the transfer
add up to 75 or more at
the time of transfer
while the employee is
less than 60 years of age
and has less than 25 years
of service
100% (of the remaining 80%)
at 25 years of service or
age 60 if the employee attains
that age without attaining
25 years of service
For an employee who 20% 6 months after
has 25 years of service the transfer
or more without criteria 75
at the time of transfer
100% (of the remaining 80%)
at criteria 75
For an employee who 100% 6 months after
is 60 years of age or the transfer.
older at the time of
transfer or whose age
and years of service add
up to 75 or more with a
minimum of 25 years
of service
age and years of service
would add up to 75
(criteria 75) at age 50 or
older but before age 60
100% (of the remaining 80%)
at 25 years of service or
age 60 if the employee attains
that age without attaining
25 years of service
For an employee who 20% at 25 years of
would attain 25 years service
of service before age 50
100% (of the remaining 80%)
at criteria 75
For an employee who 100% at age 60
would attain age 60
without having more
than 15 years of service
For an employee whose 20% 6 months after
age and years of service the transfer
add up to 75 or more at
the time of transfer
while the employee is
less than 60 years of age
and has less than 25 years
of service
100% (of the remaining 80%)
at 25 years of service or
age 60 if the employee attains
that age without attaining
25 years of service
For an employee who 20% 6 months after
has 25 years of service the transfer
or more without criteria 75
at the time of transfer
100% (of the remaining 80%)
at criteria 75
For an employee who 100% 6 months after
is 60 years of age or the transfer.
older at the time of
transfer or whose age
and years of service add
up to 75 or more with a
minimum of 25 years
of service
