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

Section 193 Disposition versions

2001-06-21

193. Not later than 31 December 2001, there shall be transferred from the special-purpose fund to the Consolidated Revenue Fund an amount determined by regulation, intended for the funding of the additional benefits that result from the application, from 1 January 2000, of the measures provided for in sections 33, 74.1, 74.2, 77 and 215.0.0.6 to 215.0.0.8 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) as they read on 1 January 2000, in respect of the person who made the election provided for in section 215.0.0.1.1 of that Act, as it read on that last date, and that pertain to the years and parts of a year of service transferred from the Teachers Pension Plan and the Civil Service Superannuation Plan to the Government and Public Employees Retirement Plan.

The amount shall correspond to the actuarial value of the difference between the additional benefits that result from the application of the measures referred to in the first paragraph and the benefits that would result from the application of the provisions of the Teachers Pension Plan or the Civil Service Superannuation Plan, as the case may be, as they read on 31 December 1999.

The amount shall be computed on the basis of the assumptions used in the most recent actuarial valuation that is available at the time of the transfer and prepared under section 171 and shall bear interest from 1 January 2000 until the date of transfer, at the rate determined in accordance with section 189.

2001, c. 31, s. 193.