R-9.3 - Act respecting the Pension Plan of Elected Municipal Officers

Section 54.1 Disposition versions

2016-01-01

54.1. Contributions refunded under this Act bear interest compounded annually for each year of service, except those referred to in sections 4, 15 and 59.

The interest payable under the first paragraph is established according to the rate of return on the sums deposited with the Caisse de dépôt et placement du Québec under this Act by Retraite Québec. The rate shall be fixed annually according to the rules, terms and conditions determined by government regulation.

However, a regulation provided for in the second paragraph may fix a different rate of interest than the rate fixed under that paragraph with respect to the period beginning on the day following the date an application for a refund is received at Retraite Québec and ending on the date of the refund. If the event giving entitlement to a refund is the death of the member, the period begins on the day following the date of death. If the event is the death of the beneficiary or the surviving spouse, the period begins on the first day of the month following the date of death.

1991, c. 78, s. 13; 2005, c. 28, s. 123; 2015, c. 20, s. 61.

2005-06-17

54.1. Contributions refunded under this Act bear interest compounded annually for each year of service, except those referred to in sections 4, 15 and 59.

The interest payable under the first paragraph is established according to the rate of return on the sums deposited with the Caisse de dépôt et placement du Québec under this Act by the Commission. The rate shall be fixed annually according to the rules, terms and conditions determined by government regulation.

However, a regulation provided for in the second paragraph may fix a different rate of interest than the rate fixed under that paragraph with respect to the period beginning on the day following the date an application for a refund is received at the Commission and ending on the date of the refund. If the event giving entitlement to a refund is the death of the member, the period begins on the day following the date of death. If the event is the death of the beneficiary or the surviving spouse, the period begins on the first day of the month following the date of death.

1991, c. 78, s. 13; 2005, c. 28, s. 123.

1992-01-01

54.1. Contributions refunded under this Act bear interest compounded annually for each year of service, except those referred to in sections 4, 15 and 59.

The interest payable under the first paragraph is established according to the rate of return on the sums deposited with the Caisse de dépôt et placement du Québec under this Act by the Commission. The rate shall be fixed annually according to the rules, terms and conditions determined by government regulation.

1991, c. 78, s. 13.