200. Notwithstanding section 199, an employee who files an application for review during the period in which the redemption proposal is valid is not bound to accept the proposal during that period or to make payments until a final determination has been made. After sending the decision of the pension committee or of the arbitrator, as the case may be, Retraite Québec shall send the employee a notice which reiterates or amends the redemption proposal as of the date of the proposal, and section 199 applies.
Any unpaid amount in respect of the redemption proposal bears interest, compounded annually and payable according to the same terms and conditions as the redemption, at the rate provided for in Schedule VIII in force on the date of receipt of the application for redemption, from the date of the proposal until the date of Retraite Québec’s notice, unless interest is otherwise payable for that period by operation of law.
2001, c. 31, s. 200; 2002, c. 30, s. 152; 2004, c. 39, s. 265; 2006, c. 49, s. 126; 2015, c. 20, s. 61.