R-9 - Act respecting the Québec Pension Plan

Section 218.2.2 Disposition versions

2024-01-01

218.2.2. In the cases provided for in the first paragraph of section 218.2.1, the total rate of adjustment of the first additional contribution rate corresponds to

(a)  in the case provided for in subparagraph a of the first paragraph of section 218.2.1, the greater of

(1)  50% of the difference calculated as provided in the first paragraph of section 218.2 following the most recent report referred to in section 216, and

(2)  the difference between 1% and the stated first additional contribution rate applicable on 1 January of the year, after deducting the temporary contribution rate related to that first additional contribution and provided for in section 218.4, if applicable; or

(b)  in the cases provided for in subparagraph b or c of the first paragraph of section 218.2.1, the lesser of

(1)  50% of the difference calculated as provided in the first paragraph of section 218.2 following the most recent report referred to in section 216, and

(2)  the difference between 3% and the stated first additional contribution rate applicable on 1 January of the year, after deducting the temporary contribution rate related to that first additional contribution and provided for in section 218.4, if applicable.

If the result of the calculation under the first paragraph has more than one decimal, it is rounded off to the first, which is rounded up if the second decimal is greater than 4.

If the total rate of adjustment is nil, the first additional contribution rate and the second additional contribution rate are not adjusted.

2023, c. 30, s. 17.