T-16 - Courts of Justice Act

Section 246.23.1 Disposition versions

2016-01-01

246.23.1. A judge may have an amount corresponding to the value of the benefits accrued to the judge under another pension plan before the judge’s appointment transferred to the judge’s pension plan provided for in Part V.1 or VI, provided the benefits are transferable. The transfer gives entitlement to a deferred life annuity payable at 65 years of age which shall be added to the pension accrued under the provisions of the pension plan of which the judge is a member.

The administrator of the pension plan from which the accrued benefits are to be transferred shall assess the value of the benefits to be transferred. Retraite Québec shall determine the amount of the deferred pension to the date of the transfer, on the basis of the value transferred and according to the actuarial methods and assumptions used in the most recent actuarial valuation prepared under section 246.26 in relation to the pension plan of which the judge is a member.

The transfer application must be made within 180 days following the date of the judge’s appointment.

For the purposes of this section, any registered pension plan within the meaning of the Taxation Act (chapter I-3) is a pension plan.

The provisions of this section do not apply to the plans in respect of which a transfer agreement is made under section 246.24.

2002, c. 32, s. 15; 2015, c. 20, s. 61.

2002-06-14

246.23.1. A judge may have an amount corresponding to the value of the benefits accrued to the judge under another pension plan before the judge’s appointment transferred to the judge’s pension plan provided for in Part V.1 or VI, provided the benefits are transferable. The transfer gives entitlement to a deferred life annuity payable at 65 years of age which shall be added to the pension accrued under the provisions of the pension plan of which the judge is a member.

The administrator of the pension plan from which the accrued benefits are to be transferred shall assess the value of the benefits to be transferred. The Commission shall determine the amount of the deferred pension to the date of the transfer, on the basis of the value transferred and according to the actuarial methods and assumptions used in the most recent actuarial valuation prepared under section 246.26 in relation to the pension plan of which the judge is a member.

The transfer application must be made within 180 days following the date of the judge’s appointment.

For the purposes of this section, any registered pension plan within the meaning of the Taxation Act (chapter I-3) is a pension plan.

The provisions of this section do not apply to the plans in respect of which a transfer agreement is made under section 246.24.

2002, c. 32, s. 15.