R-10 - Act respecting the Government and Public Employees Retirement Plan

Section 152 Disposition versions

1999-04-01

152. No amount of interest payable under section 151 on the contributions and, as the case may be, on the sums paid into a retirement plan for the redemption or transfer of service may result in payment on those contributions or sums of a total amount of interest greater than the amount of interest that would be paid if it were computed according to the rates applicable under the second paragraph of section 151, in respect of the period commencing after the sixtieth day or, in the case of contributions deducted in excess in the course of a year, in respect of the period commencing after 30 June of the following year.

Section 151 does not apply in respect of the amount determined pursuant to section 46.1 and in respect of any period for which the retirement plans provide for the reimbursement of contributions and, as the case may be, of sums paid for the redemption or transfer of service with interest at a rate equal to the average yield of the fund of the plan concerned or, as the case may be, at the rate of interest payable under this plan.

1973, c. 12, s. 137; 1983, c. 24, s. 1; 1985, c. 18, s. 18; 1990, c. 87, s. 70.

1985-06-20

152. No amount of interest payable under section 151 on the contributions and, as the case may be, on the sums paid into a retirement plan for the redemption or transfer of service may result in payment on those contributions or sums of a total amount of interest greater than the amount of interest that would be paid if it were computed according to the rates applicable under the second paragraph of section 151, in respect of the period commencing after the sixtieth day or, in the case of contributions deducted in excess in the course of a year, in respect of the period commencing after 30 June of the following year.

Section 151 does not apply in respect of any period for which the retirement plans provides for the reimbursement of contributions and, as the case may be, of sums paid for the redemption or transfer of service with interest at a rate equal to the average yield of the fund of the plan concerned or, as the case may be, at the rate of interest payable under this plan.

1973, c. 12, s. 137; 1983, c. 24, s. 1; 1985, c. 18, s. 18.

1983-07-01

152. No amount of interest payable under section 151 on the contributions paid into the Government and Public Employees Retirement Plan may result in payment on those contributions of a greater amount of interest than at the rates fixed in Schedule VI, in respect of the period commencing after the sixtieth day.

1973, c. 12, s. 137; 1983, c. 24, s. 1.

1977-12-31

152. The benefits payable under this act are inalienable and unseizable.

1973, c. 12, s. 137.