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R-10 - Act respecting the Government and Public Employees Retirement Plan
Section 115.7
Disposition versions
115.7. (Repealed).
115.7. The years and parts of a year of service credited to an employee under the Pension Plan of Peace Officers in Correctional Services shall, if his contributions have not been refunded, be credited under this plan on an actuarially equivalent basis as established on the date on which the employee begins to pay contributions to this plan. These years and parts of a year of service are, in that case, credited, beginning with the latest service, until the actuarial value of the benefits, as established in respect of those years and parts of a year of service under this plan, reaches the actuarial value of the benefits accrued under the Pension Plan of Peace Officers in Correctional Services, without exceeding the service credited to the employee under that plan.
The actuarial values of the benefits shall be established according to the actuarial assumptions and methods determined by regulation, which may vary according to the pension plans concerned.
115.7. The years and parts of a year of service credited to an employee under the Pension Plan of Peace Officers in Penal Institutions shall, if his contributions have not been refunded, be credited under this plan on an actuarially equivalent basis as established on the date on which the employee begins to pay contributions to this plan. These years and parts of a year of service are, in that case, credited, beginning with the latest service, until the actuarial value of the benefits, as established in respect of those years and parts of a year of service under this plan, reaches the actuarial value of the benefits accrued under the Pension Plan of Peace Officers in Penal Institutions, without exceeding the service credited to the employee under that plan.
The actuarial values of the benefits shall be established according to the actuarial assumptions and methods determined by regulation, which may vary according to the pension plans concerned.
