115. Every employee is entitled to be credited for pension purposes with the years and parts of a year during which the employee contributed to a pension plan which applied before 1 January 1992 to a Member of the National Assembly and in respect of which the employee obtained a refund of their contributions, except if the employee has already exercised a right of redemption in respect of such years and parts of a year under a pension plan other than this plan.
The employee must pay to Retraite Québec, for each of such years and parts of a year, an amount equal to the amount obtained by applying the rate of contribution applicable under this plan for each year and part of a year to the lesser of the following amounts:(1) the indemnity the employee received as a Member; and
(2) the pensionable salary the employee is entitled to receive during the first year in which the employee holds pensionable employment under this plan after having been a Member.
The amount established under the second paragraph is payable in a lump sum or, if provided for in the employee’s conditions of employment, by using all or part of their accumulated sick leave. In the latter case, their employer shall pay all or part of the amount according to the terms determined by Retraite Québec.
The pension is based solely on the pensionable salary the employee receives while participating in this plan.
1973, c. 12, s. 102; 1983, c. 24, s. 1; 1985, c. 18, s. 14; 1987, c. 47, s. 50; 1988, c. 82, s. 39; 1993, c. 41, s. 19; 2015, c. 20, s. 61; 2016, c. 142016, c. 14, s. 181; 2022, c. 222022, c. 22, s. 28822.