R-9.3, r. 1 - Regulation respecting the application of the Act respecting the Pension Plan of Elected Municipal Officers

Section 7 Disposition versions

2016-01-01

7. After receiving the notice provided for in the first paragraph of section 57 of the Act, Retraite Québec shall send the participant a redemption proposal in which it shall determine the amount of the contributions and interest relative to redemption of years of service that the participant must pay as at the date of the proposal and shall inform him that he may pay that amount in full or in periodic instalments.

The participant may, until the date of expiry of the redemption proposal, pay in full the amount of the contributions and interest relative to redemption of years of service.

Any amount not paid by the date of expiry of the redemption proposal bears interest, compounded annually, at the rate in force in section 1 on the date of receipt of the notice and interest is computed from the date of the proposal until payment is made in full.

O.C. 1742-89, s. 7.

2012-09-01

7. After receiving the notice provided for in the first paragraph of section 57 of the Act, the Commission shall send the participant a redemption proposal in which it shall determine the amount of the contributions and interest relative to redemption of years of service that the participant must pay as at the date of the proposal and shall inform him that he may pay that amount in full or in periodic instalments.

The participant may, until the date of expiry of the redemption proposal, pay in full the amount of the contributions and interest relative to redemption of years of service.

Any amount not paid by the date of expiry of the redemption proposal bears interest, compounded annually, at the rate in force in section 1 on the date of receipt of the notice and interest is computed from the date of the proposal until payment is made in full.

O.C. 1742-89, s. 7.