66.2. The amount required of an officer for payment of the redemption cost under section 66.1 or 66.1.0.1 is equal to 100% of the contributions that would have been withheld from the pensionable salary the officer would have received if the officer had not been absent during the period covered by the application according to the number of days and parts of a day to be redeemed out of the number of pensionable days, calculated on the basis of the applicable annual remuneration.
However, in cases where the application for redemption of a period of absence without pay is received by Retraite Québec more than six months after the end of the period of absence without pay, the amount required of an officer for payment of the redemption cost is determined on the basis of the pensionable salary at the time of receipt of the officer’s application according to the number of days and parts of a day to be redeemed out of the number of pensionable days, calculated on the basis of the annual remuneration. Such cost is determined in accordance with the rate established by a regulation made under section 25 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10). The regulation may also provide for a special rate applicable to employees who are members of this plan. The officer may, to pay the redemption cost, spread the payment over the period and at the intervals determined by Retraite Québec. In that case, the second paragraph of section 26 of the Act respecting the Government and Public Employees Retirement Plan applies. The officer may also, if provided for in his conditions of employment, use all or part of his accumulated sick leave. In the latter case, the officer’s employer shall pay all or part of the amount according to the terms determined by Retraite Québec.
For the purposes of the second paragraph, the limit provided for in section 62.1 is not applicable to the pensionable salary used to establish the cost of redeeming a period of absence in progress before 1 January 1992.
1983, c. 24, s. 33; 1985, c. 18, s. 45; 1986, c. 44, s. 101; 2002, c. 30, s. 97; 2004, c. 39, s. 202; 2015, c. 20, s. 61; 2016, c. 14, s. 36.