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

Section 121
Disposition versions

Full text
121. (Replaced).
1973, c. 12, s. 108; 1977, c. 21, s. 34; 1982, c. 33, s. 14; 1983, c. 24, s. 1; 1987, c. 47, s. 55; 1988, c. 82, s. 45; 2004, c. 39, s. 132; 2007, c. 43, s. 79.
121. On ceasing to hold employment, the employee is entitled to receive the indexed pension or the pension recomputed in accordance with this plan for the period during which it ceases to be paid, whichever is greater.
If the greater amount is the indexed pension, the contributions paid by the employee in the period during which he held employment are reimbursed to him with interest, compounded annually, at the rates determined in Schedule VI until the date the employee ceases to hold employment and at the rate determined in Schedule VII from the day following that date until the date the refund is paid.
1973, c. 12, s. 108; 1977, c. 21, s. 34; 1982, c. 33, s. 14; 1983, c. 24, s. 1; 1987, c. 47, s. 55; 1988, c. 82, s. 45; 2004, c. 39, s. 132.
121. On ceasing to hold employment, the employee is entitled to receive the indexed pension or the pension recomputed in accordance with this plan for the period during which it ceases to be paid, whichever is greater.
If the greater amount is the indexed pension, the contributions paid by the employee in the period during which he held employment are reimbursed to him with interest.
1973, c. 12, s. 108; 1977, c. 21, s. 34; 1982, c. 33, s. 14; 1983, c. 24, s. 1; 1987, c. 47, s. 55; 1988, c. 82, s. 45.
121. On ceasing to hold employment, the employee is entitled to receive the indexed pension or the recomputed pension, whichever is greater.
If the greater amount is the indexed pension, the contributions paid by the employee in the period during which he held employment are reimbursed to him with interest.
1973, c. 12, s. 108; 1977, c. 21, s. 34; 1982, c. 33, s. 14; 1983, c. 24, s. 1; 1987, c. 47, s. 55.
121. On retiring, the employee is entitled to receive the indexed pension or the recomputed pension, whichever is greater.
If the greater amount is the indexed pension, the contributions paid by the employee since beginning to contribute again are reimbursed to him with interest.
1973, c. 12, s. 108; 1977, c. 21, s. 34; 1982, c. 33, s. 14; 1983, c. 24, s. 1.
121. The contributory amount of the employer is equal to the contributions of the employees.
1973, c. 12, s. 108; 1977, c. 21, s. 34; 1982, c. 33, s. 14.
121. The contributory amount of the employer contemplated by this act is fixed at 140% of the total contributions of the employees.
1973, c. 12, s. 108; 1977, c. 21, s. 34.
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