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

Section 215.11.10 Disposition versions

1999-04-01

215.11.10. The sum of the additional actuarial commitments and of the actuarial value of the additional benefits referred to in section 215.11.9 shall be shared equally between employees and employers.

The Commission shall transfer, after production of the actuarial valuation referred to in section 215.11.9, from the non-unionizable employees’ contribution fund at the Caisse de dépôt et placement du Québec to the employers’ contributory fund at the Caisse, the amount resulting from the difference between the amounts obtained pursuant to the following subparagraphs 1 and 2:

(1)  one-half of the sum referred to in the first paragraph, up to the sum of $75,700,000 established at 31 December 1996;

(2)  the portion of the additional actuarial commitments and of the actuarial value of the additional benefits referred to in section 215.11.9 that is borne by the contribution fund of the non-unionizable employees of the Government and Public Employees Retirement Plan at the Caisse de dépôt et placement du Québec.

If the amount under subparagraph 2 of the second paragraph is greater than the sum of $75,700,000 referred to in subparagraph 1 of that paragraph, the Commission shall transfer the excess amount from the employers’ contributory fund at the Caisse to the non-unionizable employees’ contribution fund referred to in that paragraph.

1997, c. 50, s. 53.