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

Section 187 Disposition versions

2001-06-21

187. Subject to section 188, where the total of the actuarial values established under sections 184 and 185, with interest accrued until 1 January of the year in which the last benefits referred to in section 185 are vested and have been computed, exceeds the amount of 172 million dollars established under section 183 with interest accrued until that date, an amount equal to the excess amount accumulated shall be transferred from the Consolidated Revenue Fund to the employees’ contribution fund, with interest from the same date until the date of transfer.

Subsequently and subject to section 188, an amount equal to the actuarial value established under section 185 with accrued interest shall be transferred every year from the Consolidated Revenue Fund to the employees’ contribution fund.

2001, c. 31, s. 187.