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

Section 128.1
Disposition versions

Full text
128.1. Retraite Québec shall, with respect to the years and parts of a year of service that were credited to an employee under this plan and that are credited to the Pension Plan of Management Personnel pursuant to section 138 of the Act respecting the Pension Plan of Management Personnel (chapter R-12.1), transfer the sums paid for those years and parts of a year of service from the employees’ contribution fund under this plan at the Caisse de dépôt et placement du Québec to the employees’ contribution fund under the Pension Plan of Management Personnel at the said Caisse.
All sums bear interest until the date of the transfer, according to the terms provided for in section 219.
However, if an amount has been transferred in respect of the employee referred to in the first paragraph in accordance with the third paragraph of section 178 of the Act respecting the Pension Plan of Management Personnel, Retraite Québec shall also transfer, for the years and parts of a year referred to in the third paragraph of that section 178, from the employees’ contribution fund under the Government and Public Employees Retirement Plan to the employees’ contribution fund under the Pension Plan of Management Personnel, an amount equal to the difference, with interest, between the contributions that employee would have paid if the employee had not been a member of the Government and Public Employees Retirement Plan and the contributions the employee would have paid under the Pension Plan of Management Personnel. The interest shall be established in accordance with the second paragraph.
Where an amount has been transferred under the fourth paragraph of section 178 of the Act respecting the Pension Plan of Management Personnel, Retraite Québec shall transfer, from the employees’ contribution fund under this plan to the employees’ contribution fund under the Pension Plan of Management Personnel, an amount equal to the difference, with interest, between the sums that the employee would have paid under this plan to pay the redemption costs under the fourth paragraph of that section 178 and the sums paid by the employee to pay the redemption costs to the Pension Plan of Management Personnel. The interest shall be established in accordance with the second paragraph.
2001, c. 31, s. 308; 2002, c. 30, s. 54; 2004, c. 39, s. 135; 2010, c. 11, s. 32; 2015, c. 20, s. 61.
128.1. The Commission shall, with respect to the years and parts of a year of service that were credited to an employee under this plan and that are credited to the Pension Plan of Management Personnel pursuant to section 138 of the Act respecting the Pension Plan of Management Personnel (chapter R-12.1), transfer the sums paid for those years and parts of a year of service from the employees’ contribution fund under this plan at the Caisse de dépôt et placement du Québec to the employees’ contribution fund under the Pension Plan of Management Personnel at the said Caisse.
All sums bear interest until the date of the transfer, according to the terms provided for in section 219.
However, if an amount has been transferred in respect of the employee referred to in the first paragraph in accordance with the third paragraph of section 178 of the Act respecting the Pension Plan of Management Personnel, the Commission shall also transfer, for the years and parts of a year referred to in the third paragraph of that section 178, from the employees’ contribution fund under the Government and Public Employees Retirement Plan to the employees’ contribution fund under the Pension Plan of Management Personnel, an amount equal to the difference, with interest, between the contributions that employee would have paid if the employee had not been a member of the Government and Public Employees Retirement Plan and the contributions the employee would have paid under the Pension Plan of Management Personnel. The interest shall be established in accordance with the second paragraph.
Where an amount has been transferred under the fourth paragraph of section 178 of the Act respecting the Pension Plan of Management Personnel, the Commission shall transfer, from the employees’ contribution fund under this plan to the employees’ contribution fund under the Pension Plan of Management Personnel, an amount equal to the difference, with interest, between the sums that the employee would have paid under this plan to pay the redemption costs under the fourth paragraph of that section 178 and the sums paid by the employee to pay the redemption costs to the Pension Plan of Management Personnel. The interest shall be established in accordance with the second paragraph.
2001, c. 31, s. 308; 2002, c. 30, s. 54; 2004, c. 39, s. 135; 2010, c. 11, s. 32.
128.1. The Commission shall, with respect to the years and parts of a year of service that were credited to an employee under this plan and that are credited to the Pension Plan of Management Personnel pursuant to section 138 of the Act respecting the Pension Plan of Management Personnel (chapter R-12.1), transfer the sums paid for those years and parts of a year of service from the employees’ contribution fund under this plan at the Caisse de dépôt et placement du Québec to the employees’ contribution fund under the Pension Plan of Management Personnel at the said Caisse.
All sums bear interest from the midpoint of the year in which they were paid until the date of the transfer.
However, if an amount has been transferred in respect of the employee referred to in the first paragraph in accordance with the third paragraph of section 178 of the Act respecting the Pension Plan of Management Personnel, the Commission shall also transfer, for the years and parts of a year referred to in the third paragraph of that section 178, from the employees’ contribution fund under the Government and Public Employees Retirement Plan to the employees’ contribution fund under the Pension Plan of Management Personnel, an amount equal to the difference, with interest, between the contributions that employee would have paid if the employee had not been a member of the Government and Public Employees Retirement Plan and the contributions the employee would have paid under the Pension Plan of Management Personnel. The interest shall be established in accordance with the second paragraph.
Where an amount has been transferred under the fourth paragraph of section 178 of the Act respecting the Pension Plan of Management Personnel, the Commission shall transfer, from the employees’ contribution fund under this plan to the employees’ contribution fund under the Pension Plan of Management Personnel, an amount equal to the difference, with interest, between the sums that the employee would have paid under this plan to pay the redemption costs under the fourth paragraph of that section 178 and the sums paid by the employee to pay the redemption costs to the Pension Plan of Management Personnel. The interest shall be established in accordance with the second paragraph.
2001, c. 31, s. 308; 2002, c. 30, s. 54; 2004, c. 39, s. 135.
128.1. The Commission shall, with respect to the years and parts of a year of service that were credited to an employee under this plan and that are credited to the Pension Plan of Management Personnel pursuant to section 138 of the Act respecting the Pension Plan of Management Personnel (chapter R-12.1), transfer the sums paid for those years and parts of a year of service from the employees’ contribution fund under this plan at the Caisse de dépôt et placement du Québec to the employees’ contribution fund under the Pension Plan of Management Personnel at the said Caisse.
All sums transferred pursuant to the first paragraph shall bear interest from 1 July of the year in which they were paid until the date of the transfer. The interest is computed according to the rates determined for each period by this Act and is compounded annually.
However, if an amount has been transferred in respect of the employee referred to in the first paragraph in accordance with the third paragraph of section 178 of the Act respecting the Pension Plan of Management Personnel, the Commission shall also transfer, for the years and parts of a year referred to in the third paragraph of that section 178, from the employees’ contribution fund under the Government and Public Employees Retirement Plan to the employees’ contribution fund under the Pension Plan of Management Personnel, an amount equal to the difference, with interest, between the contributions that employee would have paid if the employee had not been a member of the Government and Public Employees Retirement Plan and the contributions the employee would have paid under the Pension Plan of Management Personnel. The interest shall be established in accordance with the second paragraph.
Where an amount has been transferred under the fourth paragraph of section 178 of the Act respecting the Pension Plan of Management Personnel, the Commission shall transfer, from the employees’ contribution fund under this plan to the employees’ contribution fund under the Pension Plan of Management Personnel, an amount equal to the difference, with interest, between the sums that the employee would have paid under this plan to pay the redemption costs under the fourth paragraph of that section 178 and the sums paid by the employee to pay the redemption costs to the Pension Plan of Management Personnel. The interest shall be established in accordance with the second paragraph.
2001, c. 31, s. 308; 2002, c. 30, s. 54.
128.1. The Commission shall, with respect to the years and parts of a year of service that were credited to an employee under this plan and that are credited to the Pension Plan of Management Personnel pursuant to section 138 of the Act respecting the Pension Plan of Management Personnel (chapter R-12.1), transfer the sums paid for those years and parts of a year of service from the employees’ contribution fund under this plan at the Caisse de dépôt et placement du Québec to the employees’ contribution fund under the Pension Plan of Management Personnel at the said Caisse.
All sums transferred pursuant to the first paragraph shall bear interest from 1 July of the year in which they were paid until the date of the transfer. The interest is computed according to the rates determined for each period by this Act and is compounded annually.
However, if an amount has been transferred in respect of the employee referred to in the first paragraph in accordance with the third paragraph of section 178 of the Act respecting the Pension Plan of Management Personnel, the Commission shall also transfer, for the years and parts of a year referred to in the third paragraph of that section 178, from the employees’ contribution fund under the Government and Public Employees Retirement Plan to the employees’ contribution fund under the Pension Plan of Management Personnel, an amount equal to the difference, with interest, between the contributions that employee would have paid if the employee had not been a member of the Government and Public Employees Retirement Plan and the contributions the employee would have paid under the Pension Plan of Management Personnel. The interest shall be established in accordance with the second paragraph.
2001, c. 31, s. 308.
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