41. The pension becomes payable to the teacher entitled to it from the day on which he retires.
A teacher who ceases to participate in the plan and is eligible for a pension without actuarial reduction is presumed to retire on the day after the day on which he ceases to participate in the plan. However, if the teacher continues to hold pensionable employment under the plan after 30 December of the year in which he attains 69 years of age, the day after the day on which he ceases to hold such employment is the day on which he retires.
A teacher who ceases to participate in the plan, who is eligible for an actuarially reduced pension and who applies therefor retires(1) on the day after the day on which he ceases to participate in the plan, if his pension application is received at Retraite Québec within 60 days after the day on which he ceases to participate in the plan;
(2) on the date of receipt of his pension application if the date falls more than 60 days after the date on which he ceased to participate in the plan, but not after the date on which the pension would otherwise have been granted to him without actuarial reduction at the time he ceased to participate in the plan;
(3) on any date indicated in his pension application if it is after the date of receipt of the application and the date on which he ceased to participate in the plan, but not after the date on which the pension would otherwise have been granted to him without actuarial reduction at the time he ceased to participate in the plan; or
(4) on the first date on which a pension would otherwise have been granted to him without actuarial reduction at the time he ceased to participate in the plan if the date of receipt of the pension application is subsequent to that date.
However, where the teacher referred to in the third paragraph does not apply for a pension, he is presumed to retire on the first date on which a pension would otherwise have been granted to him without actuarial reduction at the time he ceased to participate in the plan.
1965 (1st sess.), c. 68, s. 24; 1977, c. 23, s. 28; 1983, c. 24, s. 2; 1988, c. 82, s. 76; 1991, c. 77, s. 80; 1995, c. 46, s. 25; 1997, c. 50, s. 70; 2015, c. 20, s. 61.