33. Any female employee who, while she was a member of the pension fund of officers of education established by Part VIII of the Education Act (Revised Statutes of Québec, 1964, chapter 235) or while she was a teacher within the meaning of the Teachers Pension Plan, ceased to be an employee for the purposes of her pension plan by reason of marriage, pregnancy or adoption may, provided, in the last case, the adoption was subsequently recognized for legal purposes by a judgment, be credited with all or part of her years of teaching prior to 1 January 1968 for which she obtained a refund of contributions, if the marriage, pregnancy or adoption occurred in the 12 months preceding or in the 24 months following the date on which she ceased to be an employee for the purposes of her plan.
To be credited with such years and parts of a year, the employee must pay an amount of $1 128 per year. That amount shall be increased by an amount equal to 1.65 % of her basic pensionable salary, computed on an annual basis, on the date of receipt of her application. However, if the employee held part-time employment on that date, the basic pensionable salary which must be used is the salary she would have received if she had held that employment full time. Any pension credit that may have been granted under the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) in respect of any or several years or parts of a year are cancelled, and the sums paid to cover the cost thereof are refunded with interest. The years and parts of a year credited in respect of such service pursuant to section 23 shall be cancelled.
The amount required for these years and parts of a year to be credited is payable in a lump sum or by instalments spread over the period and payable at the times determined by the Commission. If it is paid by instalments, it bears interest, compounded annually, at the rate in force under the Act respecting the Government and Public Employees Retirement Plan on the date on which the application is received, computed from the date on which the redemption proposal made by the Commission expires.
The service relating to the years and parts of a year of teaching redeemed under this section shall be credited under this plan to the extent determined under section 39.
1987, c. 107, s. 33; 1990, c. 87, s. 24.