18. Within 30 days of the date of the statement of account sent by Retraite Québec, the municipalities shall pay their contributions and the interest payable on such contributions.
Any amount not paid within 30 days bears interest, compounded annually, from the date of the statement of account, at the rate provided for in Schedule VII to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) and applicable on that date.
O.C. 695-2001, s. 18; O.C. 865-2010, s. 13.