R-9.2 - Act respecting the Pension Plan of Peace Officers in Correctional Services

Section 143.17 Disposition versions

2016-01-01

143.17. An employee may be credited with all or part of the years and parts of a year of service not credited under this plan by reason of the first paragraph of section 143.16. The amount required of the employee to pay the cost of redemption is equal to the contributions that would have been withheld in accordance with the second paragraph of that section. The additional contribution rate is that in force on the date Retraite Québec receives the application for redemption.

The amount bears interest, compounded annually, at the rates determined for each period in the second paragraph of section 143.4. The interest accrues from the midpoint of each year and part of a year concerned until the date of the redemption proposal sent by Retraite Québec. The third and fourth paragraphs of section 143.4 apply to the redemption referred to in this section.

2004, c. 39, s. 57; 2015, c. 20, s. 61.

2005-01-01

143.17. An employee may be credited with all or part of the years and parts of a year of service not credited under this plan by reason of the first paragraph of section 143.16. The amount required of the employee to pay the cost of redemption is equal to the contributions that would have been withheld in accordance with the second paragraph of that section. The additional contribution rate is that in force on the date the Commission receives the application for redemption.

The amount bears interest, compounded annually, at the rates determined for each period in the second paragraph of section 143.4. The interest accrues from the midpoint of each year and part of a year concerned until the date of the redemption proposal sent by the Commission. The third and fourth paragraphs of section 143.4 apply to the redemption referred to in this section.

2004, c. 39, s. 57.