221. The days during which an employee is, after becoming a member of the retirement plan provided by this Act, on leave without pay for a period of at least 30 consecutive days ending before 1 July 1983, are credited to him under the retirement plan, if(1) he was authorized for such purpose by his employer;
(2) he pays, in the case of a period of leave prior to 1 July 1982, an amount equal to 240 % of the contributions that would have been withheld had he not been so on leave, from the pensionable salary he was receiving when he was granted the leave and an amount equal to 200 % of such contributions, in the case of a period of leave after 30 June 1982; and
(3) he held pensionable employment under the plan from the end of his leave without pay, unless he has become disabled.
Notwithstanding the foregoing, any amount remaining unpaid at the end of the leave is increased by an interest computed from the half-year mark of the year in which the leave ends at the rate determined for each period by this Act until the date of receipt of the application, and is compounded annually.
The amount required for those days to be credited is payable in a lump sum or by instalments spread over the period and payable at the times determined by the Commission. This amount bears interest, compounded annually, computed from the date on which the application is received, at the rate in force on that date. However, no interest is computed for the period during which the redemption proposal made by the Commission is valid.
1983, c. 24, s. 1; 1985, c. 18, s. 26; 1987, c. 47, s. 81; 1987, c. 107, s. 209; 1988, c. 82, s. 51; 1990, c. 87, s. 75.