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

Section 50 Disposition versions

2022-06-08

50. For the purposes of this division, except sections 46.1 and 54, contributions include every amount paid by the employee and every contributions from which the employee was exempt under this plan or under any other pension plan out of which the employee’s service was transferred to this plan, excluding any contribution deducted in excess for any year subsequent to the year 1986. Contributions also include any interest accrued on those amounts in accordance with the relevant pension plan. However, if, when service was transferred on an actuarially equivalent basis, the total amount of accumulated contributions exceeded the actuarial value of the benefits accrued under the new pension plan, contributions do not include the amount by which the total amount of accumulated contributions exceeds the actuarial value of the benefits accrued.

However, the sums paid by an employee who is an employee for the purposes of this plan or, pursuant to section 3.2, the Pension Plan of Management Personnel into a supplemental pension plan established by an employer party to those plans are reimbursed if the funds have been transferred to this plan.

1973, c. 12, s. 43; 1977, c. 21, s. 13; 1982, c. 33, s. 7; 1983, c. 24, s. 1; 1985, c. 18, s. 7; 1987, c. 47, s. 27; 1987, c. 107, s. 172; 1990, c. 87, s. 43; 2001, c. 31, s. 277; 2004, c. 39, s. 100; 2022, c. 22, s. 288.

2005-01-01

50. For the purposes of this division, except sections 46.1 and 54, contributions include every amount paid by the employee and every contributions from which he was exempt under this plan or under any other pension plan out of which the employee’s service was transferred to this plan, excluding any contribution deducted in excess for any year subsequent to the year 1986. Contributions also include any interest accrued on those amounts in accordance with the relevant pension plan. However, if, when service was transferred on an actuarially equivalent basis, the total amount of accumulated contributions exceeded the actuarial value of the benefits accrued under the new pension plan, contributions do not include the amount by which the total amount of accumulated contributions exceeds the actuarial value of the benefits accrued.

However, the sums paid by an employee who is an employee for the purposes of this plan or, pursuant to section 3.2, the Pension Plan of Management Personnel into a supplemental pension plan established by an employer party to those plans are reimbursed if the funds have been transferred to this plan.

1973, c. 12, s. 43; 1977, c. 21, s. 13; 1982, c. 33, s. 7; 1983, c. 24, s. 1; 1985, c. 18, s. 7; 1987, c. 47, s. 27; 1987, c. 107, s. 172; 1990, c. 87, s. 43; 2001, c. 31, s. 277; 2004, c. 39, s. 100.

2001-06-21

50. For the purposes of this division, except sections 46.1 and 54, contributions include every amount paid by the employee and every contributions from which he was exempt under this plan or under any other pension plan out of which the employee’s service was transferred to this plan, excluding any contribution deducted in excess for any year subsequent to the year 1986. Contributions also include any interest accrued on those amounts in accordance with the relevant pension plan. Contributions do not include any amount refunded to the employee under any of such pension plans if, when service was transferred on an actuarially equivalent basis, the total amount of accumulated contributions exceeded the actuarial value of the benefits accrued under the new pension plan.

However, the sums paid by an employee who is an employee for the purposes of this plan or, pursuant to section 3.2, the Pension Plan of Management Personnel into a supplemental pension plan established by an employer party to those plans are reimbursed if the funds have been transferred to this plan.

1973, c. 12, s. 43; 1977, c. 21, s. 13; 1982, c. 33, s. 7; 1983, c. 24, s. 1; 1985, c. 18, s. 7; 1987, c. 47, s. 27; 1987, c. 107, s. 172; 1990, c. 87, s. 43; 2001, c. 31, s. 277.

1991-01-01

50. For the purposes of this division, except sections 46.1 and 54, contributions include every amount paid by the employee and every contributions from which he was exempt under this plan or under any other pension plan out of which the employee’s service was transferred to this plan, excluding any contribution deducted in excess for any year subsequent to the year 1986. Contributions also include any interest accrued on those amounts in accordance with the relevant pension plan. Contributions do not include any amount refunded to the employee under any of such pension plans if, when service was transferred on an actuarially equivalent basis, the total amount of accumulated contributions exceeded the actuarial value of the benefits accrued under the new pension plan.

Notwithstanding the foregoing, the sums paid by an employee into a supplemental pension plan established by an employer within the meaning of this plan are reimbursed if the funds have been transferred to this plan.

1973, c. 12, s. 43; 1977, c. 21, s. 13; 1982, c. 33, s. 7; 1983, c. 24, s. 1; 1985, c. 18, s. 7; 1987, c. 47, s. 27; 1987, c. 107, s. 172; 1990, c. 87, s. 43.

1988-01-01

50. For the purposes of this division, contributions include every amount paid by the employee and every contributions from which he was exempt under this plan or under any other pension plan out of which the employee’s service was transferred to this plan, excluding any contribution deducted in excess for any year subsequent to the year 1986. Contributions also include any interest accrued on those amounts in accordance with the relevant pension plan. Contributions do not include any amount refunded to the employee under any of such pension plans if, when service was transferred on an actuarially equivalent basis, the total amount of accumulated contributions exceeded the actuarial value of the benefits accrued under the new pension plan.

Notwithstanding the foregoing, the sums paid by an employee into a supplemental pension plan established by an employer within the meaning of this plan are reimbursed if the funds have been transferred to this plan.

1973, c. 12, s. 43; 1977, c. 21, s. 13; 1982, c. 33, s. 7; 1983, c. 24, s. 1; 1985, c. 18, s. 7; 1987, c. 47, s. 27; 1987, c. 107, s. 172.

1987-06-23

50. In the case of a reimbursement, the interest paid under this plan, where such is the case, to have years or parts of a year credited or counted and the contributions from which the employee, or a female employee was exempt under section 21, are also reimbursed with interest.

Notwithstanding the foregoing, in the case of the transfer of a supplemental pension plan or of agreements entered into under section 158, only the employee’s contributions and the interest accrued on such contributions are reimbursed with interest.

1973, c. 12, s. 43; 1977, c. 21, s. 13; 1982, c. 33, s. 7; 1983, c. 24, s. 1; 1985, c. 18, s. 7; 1987, c. 47, s. 27.

1985-06-20

50. In the case of a reimbursement, any interest paid under this plan, as the case may be, to have years or parts of a year credited or counted and the contributions from which the employee was exempt during a period in which he was receiving salary insurance are also reimbursed with interest.

Notwithstanding the foregoing, in the case of the transfer of a supplemental pension plan or of agreements entered into under section 158, only the employee’s contributions and the interest accrued on such contributions are reimbursed with interest.

1973, c. 12, s. 43; 1977, c. 21, s. 13; 1982, c. 33, s. 7; 1983, c. 24, s. 1; 1985, c. 18, s. 7.

1983-07-01

50. In the case where contributions are reimbursed, the contributions from which the employee was exempt during a period in which he was receiving salary insurance are also reimbursed with interest.

1973, c. 12, s. 43; 1977, c. 21, s. 13; 1982, c. 33, s. 7; 1983, c. 24, s. 1.

1982-06-23

50. Repealed.

1973, c. 12, s. 43; 1977, c. 21, s. 13; 1982, c. 33, s. 7.

1977-12-31

50. Notwithstanding section 47, the Government may, by regulation, at intervals of at least three years, revise the rate of employees’ contributions on the basis of the actuarial valuations provided for by this act. Contributions shall be adjusted from 1 July following the results of such valuations. Notwithstanding the foregoing, no revision of rates may take effect before 1 July 1979.

1973, c. 12, s. 43; 1977, c. 21, s. 13.