30. The amount required of the employee to pay the cost of redemption referred to in section 28 is payable either in a lump sum or in instalments over the period and at the intervals determined by Retraite Québec or, if provided for in the employee’s conditions of employment, by using all or part of the employee's accumulated sick leave. In the latter case, their employer shall pay all or part of the amount according to the terms determined by Retraite Québec.
An amount paid in instalments bears interest, compounded annually, at the rate determined in Schedule III in force on the date the application for redemption is received at Retraite Québec and computed from the date on which the redemption proposal made by Retraite Québec expires.
1987, c. 107, s. 30; 1990, c. 87, s. 22; 1992, c. 67, s. 20; 1997, c. 50, s. 12; 2002, c. 30, s. 7; 2004, c. 39, s. 6; 2013, c. 9, s. 4; 2015, c. 20, s. 61; 2018, c. 42018, c. 4, s. 61; 2022, c. 222022, c. 22, s. 28821.