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

Section 40 Disposition versions

2022-06-08

40. The amount required to pay the cost of redeeming a period of absence without pay referred to in section 38 or 118 is payable either in cash or by instalments spread over the period and payable at the intervals determined by Retraite Québec or, if provided for in the employee’s conditions of employment, by using all or part of the employee's accumulated sick leave. In the latter case, their employer shall pay all or part of the amount according to the terms determined by Retraite Québec.

Any amount paid by instalments shall be increased by interest, compounded annually, at the rate provided for in Schedule VIII in force on the date of receipt of the application and computed from the date on which the redemption proposal made by Retraite Québec expires.

2001, c. 31, s. 40; 2002, c. 30, s. 129; 2004, c. 39, s. 224; 2015, c. 20, s. 61; 2018, c. 4, s. 47; 2022, c. 22, s. 288.

2018-03-21

40. The amount required to pay the cost of redeeming a period of absence without pay referred to in section 38 or 118 is payable either in cash or by instalments spread over the period and payable at the intervals determined by Retraite Québec or, if provided for in the employee’s conditions of employment, by using all or part of his or her accumulated sick leave. In the latter case, his or her employer shall pay all or part of the amount according to the terms determined by Retraite Québec.

Any amount paid by instalments shall be increased by interest, compounded annually, at the rate provided for in Schedule VIII in force on the date of receipt of the application and computed from the date on which the redemption proposal made by Retraite Québec expires.

2001, c. 31, s. 40; 2002, c. 30, s. 129; 2004, c. 39, s. 224; 2015, c. 20, s. 61; 2018, c. 4, s. 47.

2016-01-01

40. The amount required to pay the cost of redeeming a period of absence without pay referred to in section 38 or 118 is payable either in cash or by instalments spread over the period and payable at the intervals determined by Retraite Québec.

Any amount paid by instalments shall be increased by interest, compounded annually, at the rate provided for in Schedule VIII in force on the date of receipt of the application and computed from the date on which the redemption proposal made by Retraite Québec expires.

2001, c. 31, s. 40; 2002, c. 30, s. 129; 2004, c. 39, s. 224; 2015, c. 20, s. 61.

2005-01-01

40. The amount required to pay the cost of redeeming a period of absence without pay referred to in section 38 or 118 is payable either in cash or by instalments spread over the period and payable at the intervals determined by the Commission.

Any amount paid by instalments shall be increased by interest, compounded annually, at the rate provided for in Schedule VIII in force on the date of receipt of the application and computed from the date on which the redemption proposal made by the Commission expires.

2001, c. 31, s. 40; 2002, c. 30, s. 129; 2004, c. 39, s. 224.

2002-06-14

40. The amount required to pay the cost of redeeming a period of absence without pay referred to in section 38 or 118 is payable either in cash or by instalments spread over the period and payable at the intervals determined by the Commission.

Any amount paid by instalments shall be increased by interest, compounded annually, at the rate provided for in Schedule VIII in force on the date of receipt of the application and computed from the date on which the redemption proposal made by the Commission expires.

The interest rate provided for in Schedule VIII, applicable to the cost of redemption paid by instalments, is established according to the rules, terms and conditions prescribed by regulation. The regulation may have effect 12 months or less before its adoption.

2001, c. 31, s. 40; 2002, c. 30, s. 129.

2001-06-21

40. The amount required to pay the cost of redeeming a period of unpaid leave, including the interest referred to in section 39, is payable either in cash or by instalments spread over the period and payable at the intervals determined by the Commission.

Any amount paid by instalments shall be increased by interest, compounded annually, at the rate in force on the date of receipt of the application and computed from the date on which the redemption proposal made by the Commission expires.

2001, c. 31, s. 40.