52. The Act respecting pension coverage for certain teachers (chapter P-32.1) ceases to have effect from 26 June 1986 except sections 17 and 19 to 21, which continue to apply in all cases where the amount payable under the said Act is more advantageous within the meaning of section 48 of this Act and in all cases where the person has elected to receive, under section 50 of this Act, the benefits he was receiving on 25 June 1986. In such cases, if the person made an election under section 18 of the Act respecting pension coverage for certain teachers, sections 20 and 21 of the said Act continue to apply in accordance with the method elected under the said section 18. In cases where the person who made an election under the said section 18 died before 26 June 1986, the amount payable to the spouse or, where such is the case, to the beneficiary which is the most advantageous amount within the meaning of section 48 of this Act shall continue to be paid according to the method elected under section 18 of the Act respecting pension coverage for certain teachers.
Notwithstanding the foregoing, a person who has already availed himself of the said Act may apply for the redemption of other years and parts of years of service that could have been redeemed under the said Act, except where those years and parts of years have been the subject, before 26 June 1986, of a decision of the Commission or, depending on the date, of a decision of the Comité de retraite or any of its subcommittees, following an application for reexamination. That person must redeem such years and parts of a year in accordance with the Act respecting pension coverage for certain teachers as though he had redeemed them at the time he availed himself of the said Act. Any amount exigible is increased by interest compounded annually at the rate determined for each period in Schedule VI to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), for the period comprised between 1 July of the year in which he availed himself of the said Act and the date of the redemption proposal made by the Commission.
The person who avails himself of the second paragraph shall be entitled to the adjustment of benefits afforded by the years and parts of years so redeemed, from, as the case may be, the latest of the following dates:(1) 26 June 1986;
(2) the date on which the benefits would become payable;
(3) the date preceding by not more than 12 months the date of receipt of his application.
1986, c. 44, s. 52; 1987, c. 66, s. 8; 1990, c. 87, s. 12.