215.11.13. The amount of the pension and, where applicable, the amount of the pension credit of the person referred to in section 215.11.12 shall be increased, in accordance with the actuarial assumptions and methods determined by regulation, by an amount corresponding to the actuarial reduction applicable under the person’s plan, if the person pays to Retraite Québec the amount established at the date on which the person retires. The reduction may be offset in whole or in part.
The amount established in the first paragraph must be paid within 60 days after the day on which the person ceases participating in a pension plan.
The first paragraph applies within the limits authorized under the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement) and the amount paid by the person pursuant to the first paragraph must come from a registered retirement savings plan or a registered pension plan within the meaning of the Income Tax Act or from the part of the person’s retirement allowance that is transferable to one of those plans in accordance with that Act.
2000, c. 32, s. 42; 2015, c. 20, s. 61.