18. A person who is a member of this plan may redeem or, as the case may be, be credited under this plan, with any year or part of a year of service which may be redeemed or credited pursuant to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), subject to the conditions prescribed therein or, as the case may be, pursuant to agreements concerning the pension plan provided for in the said Act entered into in accordance with section 158 of the said Act. However, where section 115.7 of the said Act applies, the years and parts of a year of service credited under this plan are determined on an actuarially equivalent basis as established on the date on which the person becomes a member of this plan according to the actuarial assumptions and methods determined by a regulation made under paragraph 3 of section 130 of the Act respecting the Pension Plan of Peace Officers in Correctional Services (chapter R-9.2) in respect of the said plan and this plan. The years and parts of a year of service are then credited in accordance with section 115.7 of the Act respecting the Government and Public Employees Retirement Plan and the person may, where applicable, avail himself of section 115.8 of the said Act.
The person is not entitled, however, to avail himself of the right to redeem any year or part of a year of service pursuant to sections 86, 100 and 104 of the Act respecting the Government and Public Employees Retirement Plan.
Section 115.9 of the said Act, adapted as required, applies where the years and parts of a year of service credited under this plan have been transferred to the Pension Plan of Peace Officers in Correctional Services on an actuarially equivalent basis.
1986, c. 44, s. 18; 1987, c. 47, s. 170; 1987, c. 107, s. 156; 1990, c. 87, s. 105.