216.1.1. Notwithstanding section 216.1, an employee who makes a request for reexamination in the period during which the redemption proposal is valid is not bound to accept it during that period, or to make payments, until a final decision has been made on their request. After the decision of the pension committee or the arbitrator, as the case may be, has been sent, Retraite Québec shall send a notice to the employee which, as of the date of the redemption proposal, repeats or modifies that proposal, and section 216.1 applies.
Any unpaid amount in respect of the redemption proposal bears interest, compounded annually and payable according to the same terms and conditions as the redemption, at the rate provided for in Schedule VII in force on the date on which the application for redemption is received, from the date of that proposal until the date of Retraite Québec’s notice, unless interest is otherwise payable for that period by operation of law.
1993, c. 74, s. 12; 2002, c. 30, s. 66; 2004, c. 39, s. 168; 2006, c. 49, s. 126; 2015, c. 20, s. 61; 2022, c. 222022, c. 22, s. 28822.