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

Section 217 Disposition versions

2013-11-01

217. For the purposes of this Act and unless otherwise provided, the word “interest” used alone refers to interest compounded annually at the rates given for each period in Schedule VI. The rates of interest in Schedule VI are determined according to the rules and procedures determined by regulation for the period indicated and the rates of return on certain categories of amounts referred to in section 127 and designated by the regulation. The rates of interest in Schedule VII are determined according to the rules and procedures determined by regulation for the period indicated and an external index designated by the regulation. The Chair of the Conseil du trésor publishes in the Gazette officielle du Québec the rates of interest determined under those regulations, and the amendments to the schedules resulting from the new rates are integrated into the Compilation of Québec Laws and Regulations.

The applicable rates determined in Schedule VI are the rates determined for each period according to the period of application of those rates provided for by the relevant sections. The applicable rate determined in Schedule VII is the rate in force on the day that precedes the date the period of application of that rate begins as provided in the relevant sections, unless otherwise provided.

1983, c. 24, s. 1; 2004, c. 39, s. 170; 2013, c. 9, s. 57.

2005-06-01

217. For the purposes of this Act and unless otherwise provided, the word “interest” used alone refers to interest compounded annually at the rates determined for each period in Schedule VI. The rates of interest in Schedule VI are determined, for each period indicated, according to the rules and procedures determined by regulation and the rates of return on certain categories of amounts referred to in section 127 and designated by that regulation.

The rates of interest in Schedule VII are determined, for each period indicated, according to the rules and procedures established by regulation and an external index designated by that regulation.

The applicable rates determined in Schedule VI are the rates determined for each period according to the period of application of those rates provided for by the relevant sections. The applicable rate determined in Schedule VII is the rate in force on the day that precedes the date the period of application of that rate begins as provided in the relevant sections, unless otherwise provided.

1983, c. 24, s. 1; 2004, c. 39, s. 170.

1983-07-01

217. The interest payable under this Act is that provided for in Schedule VI in respect of the period indicated therein. Such interest is established in relation to the rate of return of certain classes of amounts contemplated in section 127 and designated by regulation.

The rate is established annually according to the rules and terms and conditions determined by regulation.

1983, c. 24, s. 1.