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

Section 215.0.0.14 Disposition versions

2001-06-21

215.0.0.14. (Repealed).

2000, c. 32, s. 39; 2001, c. 31, s. 352.

2000-06-16

215.0.0.14. Subject to section 215.0.0.15, where the total of the actuarial values established under sections 215.0.0.11 and 215.0.0.12, with interest accrued until 1 January of the year in which the last benefits referred to in section 215.0.0.12 were acquired and have been computed, exceeds the amount of $172,000,000 established under section 215.0.0.10 with interest accrued until that date, an amount equal to the excess accumulated amount shall be transferred from the consolidated revenue fund to the non-unionizable employee’s contribution fund, with interest from the same date until the date of transfer.

Subsequently and subject to section 215.0.0.15, an amount equal to the actuarial value established under section 215.0.0.12 with interest accrued shall be transferred every year from the consolidated revenue fund to the non-unionizable employees’ contribution fund.

2000, c. 32, s. 39.