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

Section 59
Disposition versions

Full text
59. If an employee having acquired a pension credit dies before the credit becomes payable to the employee, the amount which the employee was required to pay to acquire the pension credit is refunded to the employee’s spouse or, if the employee has no spouse, to the employee’s successors with interest, compounded annually, at the rates determined in Schedule VI until the date of death and at the rate determined in Schedule VII from the day following the date of death until the date the refund is paid.
If, at the death of the beneficiary of pension credit, the amount which the employee had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, exceeds the total of the amounts paid to the employee as pension credit, the excess amount is paid in a single payment to their spouse or, if the employee has no spouse, to their successors. The excess amount bears interest, compounded annually, at the rate determined in Schedule VII in force on the first day of the month following the death and computed from that date until the date of the refund. In addition, for every period during which no amount was paid as pension credit, the excess amount, established on the first day of the period, bears interest, compounded annually, at the rates determined in Schedule VI.
1973, c. 12, s. 51; 1983, c. 24, s. 1; 1990, c. 5, s. 27; 1990, c. 87, s. 50; 1995, c. 46, s. 31; 2001, c. 31, s. 279; 2004, c. 39, s. 104; 2009, c. 56, s. 7; 2022, c. 22, s. 288.
59. If an employee having acquired a pension credit dies before the credit becomes payable to him, the amount which he was required to pay to acquire the pension credit is refunded to the employee’s spouse or, if the employee has no spouse, to the employee’s successors with interest, compounded annually, at the rates determined in Schedule VI until the date of death and at the rate determined in Schedule VII from the day following the date of death until the date the refund is paid.
If, at the death of the beneficiary of pension credit, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, exceeds the total of the amounts paid to him as pension credit, the excess amount is paid in a single payment to his spouse or, if he has no spouse, to his successors. The excess amount bears interest, compounded annually, at the rate determined in Schedule VII in force on the first day of the month following the death and computed from that date until the date of the refund. In addition, for every period during which no amount was paid as pension credit, the excess amount, established on the first day of the period, bears interest, compounded annually, at the rates determined in Schedule VI.
1973, c. 12, s. 51; 1983, c. 24, s. 1; 1990, c. 5, s. 27; 1990, c. 87, s. 50; 1995, c. 46, s. 31; 2001, c. 31, s. 279; 2004, c. 39, s. 104; 2009, c. 56, s. 7.
59. If an employee having acquired a pension credit dies before the credit becomes payable to him, the amount which he was required to pay to acquire the pension credit is refunded to the employee’s spouse or, if the employee has no spouse, to the employee’s successors with interest, compounded annually, at the rates determined in Schedule VI until the date of death and at the rate determined in Schedule VII from the day following the date of death until the date the refund is paid.
If, at the death of the beneficiary of pension credit, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, exceeds the total of the amounts paid to him as pension credit, the excess amount is paid in a single payment to his spouse or, if he has no spouse, to his successors.
If the pension credit ceased to be paid to a person who holds or again holds pensionable employment under this plan or, pursuant to section 3.2, the Pension Plan of Management Personnel, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, is reduced by the amounts paid as pension credit from the date on which that pension credit should have ceased to be paid.
For every period during which no amount was paid as pension credit in a given year or, as the case may be, during the period referred to in section 69, the balance of the amount the employee was required to pay bears interest, compounded annually, at the rate determined in Schedule VII in force on the first day of the month following the death and computed from that day.
1973, c. 12, s. 51; 1983, c. 24, s. 1; 1990, c. 5, s. 27; 1990, c. 87, s. 50; 1995, c. 46, s. 31; 2001, c. 31, s. 279; 2004, c. 39, s. 104.
59. If an employee having acquired a pension credit dies before the credit becomes payable to him, the amount which he was required to pay to acquire the pension credit is refunded with accrued interest to his spouse or, if he has no spouse, to his successors.
If, at the death of the beneficiary of pension credit, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, exceeds the total of the amounts paid to him as pension credit, the excess amount is paid in a single payment to his spouse or, if he has no spouse, to his successors.
If the pension credit ceased to be paid to a person who holds or again holds pensionable employment under this plan or, pursuant to section 3.2, the Pension Plan of Management Personnel, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, is reduced by the amounts paid as pension credit from the date on which that pension credit should have ceased to be paid.
The balance of the amount he had to pay bears interest at the rate in force on the date of reimbursement for every period in respect of which no amount was paid as pension credit in a year or, as the case may be, during the period contemplated in section 69.
1973, c. 12, s. 51; 1983, c. 24, s. 1; 1990, c. 5, s. 27; 1990, c. 87, s. 50; 1995, c. 46, s. 31; 2001, c. 31, s. 279.
59. If an employee having acquired a pension credit dies before the credit becomes payable to him, the amount which he was required to pay to acquire the pension credit is refunded with accrued interest to his spouse or, if he has no spouse, to his successors.
If, at the death of the beneficiary of pension credit, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, exceeds the total of the amounts paid to him as pension credit, the excess amount is paid in a single payment to his spouse or, if he has no spouse, to his successors.
If the pension credit ceased to be paid to a person who holds or again holds an employment contemplated in this plan, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, is reduced by the amounts paid as pension credit from the date on which that pension credit should have ceased to be paid.
The balance of the amount he had to pay bears interest at the rate in force on the date of reimbursement for every period in respect of which no amount was paid as pension credit in a year or, as the case may be, during the period contemplated in section 69.
1973, c. 12, s. 51; 1983, c. 24, s. 1; 1990, c. 5, s. 27; 1990, c. 87, s. 50; 1995, c. 46, s. 31.
59. If an employee having acquired a pension credit dies before the credit becomes payable to him, the amount which he was required to pay to acquire the pension credit is refunded with accrued interest to his spouse or, if he has no spouse, to his assigns.
If, at the death of the beneficiary of pension credit, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, exceeds the total of the amounts paid to him as pension credit, the excess amount is paid in a single payment to his spouse or, if he has no spouse, to his assigns.
If the pension credit ceased to be paid to a person who holds or again holds an employment contemplated in this plan, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, is reduced by the amounts paid as pension credit from the date on which that pension credit should have ceased to be paid.
The balance of the amount he had to pay bears interest at the rate in force on the date of reimbursement for every period in respect of which no amount was paid as pension credit in a year or, as the case may be, during the period contemplated in section 69.
1973, c. 12, s. 51; 1983, c. 24, s. 1; 1990, c. 5, s. 27; 1990, c. 87, s. 50.
59. If, at the death of the beneficiary of pension credit, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, exceeds the total of the amounts paid to him as pension credit, the excess amount is paid in a single payment to his spouse or, if he has no spouse, to his assigns.
If the pension credit ceased to be paid to a person who holds or again holds an employment contemplated in this plan, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, is reduced by the amounts paid as pension credit from the date on which that pension credit should have ceased to be paid.
The balance of the amount he had to pay bears interest at the rate in force on the date of reimbursement for every period in respect of which no amount was paid as pension credit in a year or, as the case may be, during the period contemplated in section 69.
1973, c. 12, s. 51; 1983, c. 24, s. 1; 1990, c. 5, s. 27.
59. If, at the death of the beneficiary of pension credit, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, exceeds the total of the amounts paid to him as pension credit, the excess amount is paid in a single payment.
If the pension credit ceased to be paid to a person who holds or again holds an employment contemplated in this plan, the amount which he had to pay to acquire the pension credit, with accrued interest until the date on which the pension credit became payable, is reduced by the amounts paid as pension credit from the date on which that pension credit should have ceased to be paid.
The balance of the amount he had to pay bears interest at the rate in force on the date of reimbursement for every period in respect of which no amount was paid as pension credit in a year or, as the case may be, during the period contemplated in section 69.
1973, c. 12, s. 51; 1983, c. 24, s. 1.
59. The pension is fixed at 2% of the average pensionable salary contemplated in section 58 per year of service.
1973, c. 12, s. 51.
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