R-9.2, r. 3 - Regulation respecting the partition and assignment of benefits accrued under the Pension Plan of Peace Officers in Correctional Services

Section 7 Disposition versions

2019-01-01

7. Where a refund of contributions is made from the benefits accrued, the value of the benefits corresponds to the contributions paid with interest calculated in accordance with the Act and accrued to the date of their valuation as though the refund had been issued at that date. Furthermore, where the amounts paid for the purchase of a pension credit are also refunded from the benefits accrued, the amounts to be refunded must be calculated separately.

Where the benefits accrued correspond to years or parts of years of service credited under the plan other than on an actuarially equivalent basis pursuant to Subdivision 2 of Division II of Chapter II of the Act as it read on 31 December 2004, the amounts to be refunded which correspond to those years or parts of years of service must be calculated separately. The same applies to the benefits accrued for the period of the marriage or civil union.

O.C. 839-91, s. 7; T.B. 220172, s. 8.

2012-09-01

7. Where the accrued benefits consist in a refund of contributions, the value of those benefits corresponds to the contributions paid with interest calculated in accordance with the Act and accrued to the date of assessment as though the refund had been issued at that date. Where those benefits relate to years or parts of a year of service that were credited for the purposes of the plan otherwise than on an actuarially equivalent basis under Subdivision 2 of Divison II of Chapter II of the Act, a separate calculation must be made for the refund of the sums relative to those years or parts of a year of service. The same applies in respect of the value of the benefits accrued for the period of the marriage.

O.C. 839-91, s. 7.