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

Section 85.34 Disposition versions

1997-06-19

85.34. The sum of the additional actuarial commitments and of the actuarial value of the additional benefits referred to in section 85.33 and of the value of the additional actuarial commitments referred to in section 66.7 of the Act respecting the Teachers Pension Plan (chapter R-11), in section 99.28 of the Act respecting the Civil Service Superannuation Plan (chapter R-12) and in section 35.8 of the Act respecting the Pension Plan of Certain Teachers (chapter R-9.1), in respect, in the latter three cases, of persons who would be employees who may be unionized within the meaning of this Act on 31 December 1996 and at the time they cease to participate in their pension plan, shall be shared equally between employees and employers.

The Commission shall transfer, after production of the actuarial valuations referred to in section 85.33, in section 66.7 of the Act respecting the Teachers Pension Plan, in section 99.28 of the Act respecting the Civil Service Superannuation Plan and in section 35.8 of the Act respecting the Pension Plan of Certain Teachers, from the contribution fund of the employees who may be unionized at the Caisse de dépôt et placement du Québec to the employers’ contributory fund at the Caisse, the amount resulting from the difference between the amounts obtained pursuant to the following subparagraphs 1 and 2:

(1)  one-half of the sum referred to in the first paragraph, up to the sum of $800,000,000 established at 31 December 1996;

(2)  the portion of the additional actuarial commitments and of the actuarial value of the additional benefits referred to in section 85.33 that is borne by the contribution fund of the employees who may be unionized of the Government and Public Employees Retirement Plan at the Caisse de dépôt et placement du Québec.

If the amount determined under subparagraph 2 of the second paragraph is greater than the sum of $800,000,000 referred to in subparagraph 1 thereof, the Commission shall transfer the excess amount from the employers’ contributory fund at the Caisse to the contribution fund of the employees who may be unionized referred to in that paragraph.

1997, c. 7, s. 28; 1997, c. 50, s. 39.

1997-03-22

85.34. The sum of the additional actuarial commitments and of the actuarial value of the additional benefits referred to in section 85.33 and of the value of the additional actuarial commitments referred to in section 66.6 of the Act respecting the Teachers Pension Plan (chapter R-11) and in section 99.28 of the Act respecting the Civil Service Superannuation Plan (chapter R-12) shall be shared equally between employees and employers.

The Commission shall transfer, after production of the actuarial valuations referred to in section 85.33, in section 66.6 of the Act respecting the Teachers Pension Plan and in section 99.28 of the Act respecting the Civil Service Superannuation Plan, from the contribution fund of the employees who may be unionized at the Caisse de dépôt et placement du Québec to the employers’ contributory fund at the Caisse, the amount resulting from the difference between the amounts obtained pursuant to the following subparagraphs 1 and 2:

(1)  one-half of the sum referred to in the first paragraph, up to the sum of $800,000,000 established at 31 December 1996;

(2)  the portion of the additional actuarial commitments and of the actuarial value of the additional benefits referred to in section 85.33 that is borne by the contribution fund of the employees who may be unionized of the Government and Public Employees Retirement Plan at the Caisse de dépôt et placement du Québec pursuant to section 130.

If the amount determined under subparagraph 2 of the second paragraph is greater than the sum of $800,000,000 referred to in subparagraph 1 thereof, the Commission shall transfer the excess amount from the employers’ contributory fund at the Caisse to the contribution fund of the employees who may be unionized referred to in that paragraph.

1997, c. 7, s. 28.