132.1.1. Notwithstanding section 132.1, an employee who makes an application for review in the period during which the redemption proposal is valid is not bound to accept it during that period, or to make payments, until a final decision has been made on the employee's application. After the decision of the pension committee established under section 139.3 or the arbitrator, as the case may be, has been sent, Retraite Québec shall send a notice to the employee which, as of the date of the redemption proposal, repeats or modifies that proposal, and section 132.1 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, from the date of that proposal until the date of the Retraite Québec’s notice. The rate is that given in Schedule III and in force on the date the application for redemption is received, unless interest is otherwise payable for that period by operation of law.
1993, c. 74, s. 8; 1997, c. 43, s. 621; 2004, c. 39, s. 50; 2013, c. 9, s. 31; 2015, c. 20, s. 61; 2022, c. 222022, c. 22, s. 28821.