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R-12.1 - Act respecting the Pension Plan of Management Personnel
Section 150
Disposition versions
150. (Repealed).
150. The employee may be credited with all or part of the years and parts of a year of service not credited under this plan pursuant to section 149 or section 115.7 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) by paying to the Commission the difference between the actuarial values concerned for those years and parts of a year of service. The amount to be paid by the employee shall bear interest, compounded annually, at the rates determined, for each period, by this Act and the interest accrues from the date on which the actuarial values were established until the date of the redemption proposal made by the Commission.
The sum established under the first paragraph is payable in cash or by instalments spread over the period and payable at the intervals determined by the Commission. If paid by instalments, the amount bears interest, compounded annually, at the rate provided for in Schedule VIII in force on the date of receipt of the application, computed from the date on which the redemption proposal made by the Commission expires.
150. The employee may be credited with all or part of the years and parts of a year of service not credited under this plan pursuant to section 149 or section 115.7 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) by paying to the Commission the difference between the actuarial values concerned for those years and parts of a year of service. The amount to be paid by the employee shall bear interest, compounded annually, at the rates determined, for each period, by this Act and the interest accrues from the date on which the actuarial values were established until the date of the redemption proposal made by the Commission.
The sum established under the first paragraph is payable in cash or by instalments spread over the period and payable at the intervals determined by the Commission. If paid by instalments, the amount bears interest, compounded annually, at the rate in force on the date of receipt of the application, computed from the date on which the redemption proposal made by the Commission expires.
