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

Section 9.3 Disposition versions

2016-01-01

9.3. A redemption proposal is valid for 60 days from the date on which it is issued by Retraite Québec.

The application for redemption is deemed never to have been made if Retraite Québec does not receive, before the expiry of the 60-day period, a notice stating that the person accepts the proposal.

The application is also deemed never to have been made if the cash payment of the redemption cost is not made before the expiry of the 60-day period, where the amount is payable as a result of the person’s choice. Where payment is to be made by instalments and the person fails to make a payment, the service shall be credited in proportion to the instalments paid by the person if the person does not pay the missing instalment within 30 days of the date of a notice sent by Retraite Québec to that effect.

Where Retraite Québec refuses the redemption of a pension credit and a decision to the contrary is made after re-examination or in arbitration on the basis of the data in the record at the time of refusal, the cost shall be determined on the date of the initial application for redemption.

Where Retraite Québec refuses the redemption of a pension credit and a decision to the contrary is made after re-examination or in arbitration on the basis of new information, the cost shall be determined on the date of the decision taking into account, for a redemption under under Chapter VI.0.1 or VI.0.2 of the Act, the value of the indexed pension credit and the age of the person on that date.

O.C. 103-2004, s. 1; O.C. 20-2007, s. 7.

2012-09-01

9.3. A redemption proposal is valid for 60 days from the date on which it is issued by the Commission.

The application for redemption is deemed never to have been made if the Commission does not receive, before the expiry of the 60-day period, a notice stating that the person accepts the proposal.

The application is also deemed never to have been made if the cash payment of the redemption cost is not made before the expiry of the 60-day period, where the amount is payable as a result of the person’s choice. Where payment is to be made by instalments and the person fails to make a payment, the service shall be credited in proportion to the instalments paid by the person if the person does not pay the missing instalment within 30 days of the date of a notice sent by the Commission to that effect.

Where the Commission refuses the redemption of a pension credit and a decision to the contrary is made after re-examination or in arbitration on the basis of the data in the record at the time of refusal, the cost shall be determined on the date of the initial application for redemption.

Where the Commission refuses the redemption of a pension credit and a decision to the contrary is made after re-examination or in arbitration on the basis of new information, the cost shall be determined on the date of the decision taking into account, for a redemption under under Chapter VI.0.1 or VI.0.2 of the Act, the value of the indexed pension credit and the age of the person on that date.

O.C. 103-2004, s. 1; O.C. 20-2007, s. 7.