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

Section 133.5 Disposition versions

2001-06-21

133.5. Subject to section 133.6, where the total of the actuarial values established under sections 133.2 and 133.3, with interest accrued until 1 January of the year in which the last benefits referred to in section 133.3 were acquired and have been computed, exceeds the amount of $680,000,000 established under section 133.1 with interest accrued until that date, an amount equal to the excess accumulated amount shall be transferred from the Consolidated Revenue Fund to the employees’ contribution fund, with interest from the same date until the date of transfer.

Subsequently and subject to section 133.6, an amount equal to the actuarial value established under section 133.3 with interest accrued shall be transferred every year from the Consolidated Revenue Fund to the employees’ contribution fund.

2000, c. 32, s. 27; 2001, c. 31, s. 313.

2000-06-16

133.5. Subject to section 133.6, where the total of the actuarial values established under sections 133.2 and 133.3, with interest accrued until 1 January of the year in which the last benefits referred to in section 133.3 were acquired and have been computed, exceeds the amount of $680,000,000 established under section 133.1 with interest accrued until that date, an amount equal to the excess accumulated amount shall be transferred from the consolidated revenue fund to the unionizable employees’ contribution fund, with interest from the same date until the date of transfer.

Subsequently and subject to section 133.6, an amount equal to the actuarial value established under section 133.3 with interest accrued shall be transferred every year from the consolidated revenue fund to the unionizable employees’ contribution fund.

2000, c. 32, s. 27.