R-12.1 - Act respecting the Pension Plan of Management Personnel

Section 149 Disposition versions

2005-01-01

149. (Repealed).

2001, c. 31, s. 149; 2004, c. 39, s. 258.

2001-06-21

149. The years and parts of a year of service credited to an employee under the Pension Plan of Peace Officers in Correctional Services shall, if the employee has not received a refund of his or her contributions, be credited under this plan on an actuarially equivalent basis as established on the date on which the employee begins to pay contributions to this plan. Those years and parts of a year of service shall, in that case, be credited, beginning with the latest service, until the actuarial value of the benefits, as established in respect of those years and parts of a year of service under this plan, reaches the actuarial value of the benefits accrued under the Pension Plan of Peace Officers in Correctional Services, without exceeding the service credited to the employee under that plan.

The actuarial values of the benefits shall be established according to the actuarial assumptions and methods determined by regulation, which may vary according to the pension plans concerned.

2001, c. 31, s. 149.