44.1. The base contribution rate is 3.6% for the years 1966 to 1986, 3.8% for the year 1987, 4.0% for the year 1988, 4.2% for the year 1989, 4.4% for the year 1990, 4.6% for the year 1991, 4.8% for the year 1992, 5.0% for the year 1993, 5.2% for the year 1994, 5.4% for the year 1995, 5.6% for the year 1996, 6.0% for the year 1997, and 6.4% for the year 1998.
The base contribution rate is 7.0% for the year 1999, 7.8% for the year 2000, 8.6% for the year 2001, 9.4% for the year 2002 and 9.9% for the years 2003 to 2011.
The base contribution rate for the year 2012 and each subsequent year until 2017 is equal to the rate obtained by adding 0.15% to the base contribution rate for the preceding year. However, when, on 1 September of the preceding year, the most recent steady-state contribution rate published by Retraite Québec in the Gazette officielle du Québec is lower than the stated base contribution rate for the year, the Government may provide that the base contribution rate for the year remain the same as the rate for the preceding year or that the increase in the base contribution rate be less than 0.15%.
The base contribution rate for the year 2018 and each subsequent year remains the same as the rate for the preceding year unless, on 1 September of the preceding year, the most recent steady-state contribution rate published by Retraite Québec in the Gazette officielle du Québec exceeds the stated base contribution rate for the year by at least 0.1%; in that case, the base contribution rate for the year will be equal to the rate obtained by adding 0.1% to the base contribution rate of the preceding year. However, the Government may provide that the base contribution rate remain the same as the rate for the preceding year.
An order made under the third or fourth paragraph of this section must be published in the Gazette officielle du Québec not later than 15 September preceding the year to which it applies.
1986, c. 59, s. 1; 1991, c. 25, s. 177; 1996, c. 47, s. 1; 1997, c. 73, s. 11; 2011, c. 34, s. 135; 2011, c. 18, s. 1; 2011, c. 34, s. 135; 2015, c. 20, s. 61; 2018, c. 22018, c. 2, s. 91.