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

Section 41.8 Disposition versions

2022-06-08

41.8. The 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 section 41.7 by paying to Retraite Québec an amount equal to the difference between the actuarial values concerned by these years and parts of a year of service.

The years and parts of a year of service referred to in the first paragraph are credited, beginning with the most recent service.

The amount required of the employee referred to in the first paragraph bears interest, compounded annually, at the rates given for each period in Schedule III from the first day of the month following the date on which the actuarial values are established to the date the transfer application is received at Retraite Québec, and at the rate determined in that Schedule III from the day following the latter date to the date of the redemption proposal made by Retraite Québec.

The amount determined under the third paragraph is payable in a lump sum or in instalments over the period and at the times 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. If it is paid in instalments, it bears interest, compounded annually, at the rate given in Schedule III in force on the date the application is received at Retraite Québec, computed from the date on which the redemption proposal expires.

2004, c. 39, s. 6; 2013, c. 9, s. 10; 2015, c. 20, s. 61; 2018, c. 4, s. 8; 2022, c. 22, s. 288.

2018-03-21

41.8. The 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 section 41.7 by paying to Retraite Québec an amount equal to the difference between the actuarial values concerned by these years and parts of a year of service.

The years and parts of a year of service referred to in the first paragraph are credited, beginning with the most recent service.

The amount required of the employee referred to in the first paragraph bears interest, compounded annually, at the rates given for each period in Schedule III from the first day of the month following the date on which the actuarial values are established to the date the transfer application is received at Retraite Québec, and at the rate determined in that Schedule III from the day following the latter date to the date of the redemption proposal made by Retraite Québec.

The amount determined under the third paragraph is payable in a lump sum or in instalments over the period and at the times determined by Retraite Québec or, if provided for in the employee’s conditions of employment, by using all or part of his accumulated sick leave. In the latter case, his employer shall pay all or part of the amount according to the terms determined by Retraite Québec. If it is paid in instalments, it bears interest, compounded annually, at the rate given in Schedule III in force on the date the application is received at Retraite Québec, computed from the date on which the redemption proposal expires.

2004, c. 39, s. 6; 2013, c. 9, s. 10; 2015, c. 20, s. 61; 2018, c. 4, s. 8.

2016-01-01

41.8. The 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 section 41.7 by paying to Retraite Québec an amount equal to the difference between the actuarial values concerned by these years and parts of a year of service.

The years and parts of a year of service referred to in the first paragraph are credited, beginning with the most recent service.

The amount required of the employee referred to in the first paragraph bears interest, compounded annually, at the rates given for each period in Schedule III from the first day of the month following the date on which the actuarial values are established to the date the transfer application is received at Retraite Québec, and at the rate determined in that Schedule III from the day following the latter date to the date of the redemption proposal made by Retraite Québec.

The amount determined under the third paragraph is payable in a lump sum or in instalments over the period and at the times determined by Retraite Québec. If it is paid in instalments, it bears interest, compounded annually, at the rate given in Schedule III in force on the date the application is received at Retraite Québec, computed from the date on which the redemption proposal expires.

2004, c. 39, s. 6; 2013, c. 9, s. 10; 2015, c. 20, s. 61.

2013-05-23

41.8. The 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 section 41.7 by paying to the Commission an amount equal to the difference between the actuarial values concerned by these years and parts of a year of service.

The years and parts of a year of service referred to in the first paragraph are credited, beginning with the most recent service.

The amount required of the employee referred to in the first paragraph bears interest, compounded annually, at the rates given for each period in Schedule III from the first day of the month following the date on which the actuarial values are established to the date the transfer application is received at the Commission, and at the rate determined in that Schedule III from the day following the latter date to the date of the redemption proposal made by the Commission.

The amount determined under the third paragraph is payable in a lump sum or in instalments over the period and at the times determined by the Commission. If it is paid in instalments, it bears interest, compounded annually, at the rate given in Schedule III in force on the date the application is received at the Commission, computed from the date on which the redemption proposal expires.

2004, c. 39, s. 6; 2013, c. 9, s. 10.

2008-04-02

41.8. The 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 section 41.7 by paying to the Commission an amount equal to the difference between the actuarial values concerned by these years and parts of a year of service.

The years and parts of a year of service referred to in the first paragraph are credited, beginning with the most recent service.

The amount required of the employee referred to in the first paragraph bears interest, compounded annually, at the rates determined for each period in Schedule VII to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) from the first day of the month following the date on which the actuarial values are established to the date the transfer application is received at the Commission, and at the rate determined in Schedule VII from the day following the latter date to the date of the redemption proposal made by the Commission.

The amount determined under the third paragraph is payable in a lump sum or in instalments over the period and at the times determined by the Commission. If it is paid in instalments, it bears interest, compounded annually, at the rate determined in Schedule VII to the Act respecting the Government and Public Employees Retirement Plan in force on the date the application is received at the Commission, computed from the date on which the redemption proposal expires.

2004, c. 39, s. 6.