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

Section 71 Disposition versions

2022-06-08

71. For the purposes of this division, contributions include every amount paid by the employee and every contribution from which the employee was exempt under this plan or under any other pension plan out of which service has been transferred to this plan, but do not include contributions deducted in excess for the years subsequent to the year 1986. Contributions also include any interest accrued on such amounts in accordance with the relevant pension plan. However, in the case of a transfer of service on an actuarially equivalent basis, if the total amount of the contributions accumulated exceeds the amount of the actuarial value of the benefits accrued under the new pension plan, contributions do not include the amount by which the former exceeds the latter.

However, the amounts paid by an employee into a supplemental pension plan established by an employer contemplated by the Government and Public Employees Retirement Plan are refunded if the funds or, as the case may be, the actuarial value of the benefits accrued to the employee have been transferred to this plan in accordance with section 135, 136, 143.11 or 143.21.

1987, c. 107, s. 71; 2001, c. 31, s. 242; 2004, c. 39, s. 24; 2022, c. 22, s. 288.

2005-01-01

71. For the purposes of this division, contributions include every amount paid by the employee and every contribution from which he was exempt under this plan or under any other pension plan out of which service has been transferred to this plan, but do not include contributions deducted in excess for the years subsequent to the year 1986. Contributions also include any interest accrued on such amounts in accordance with the relevant pension plan. However, in the case of a transfer of service on an actuarially equivalent basis, if the total amount of the contributions accumulated exceeds the amount of the actuarial value of the benefits accrued under the new pension plan, contributions do not include the amount by which the former exceeds the latter.

However, the amounts paid by an employee into a supplemental pension plan established by an employer contemplated by the Government and Public Employees Retirement Plan are refunded if the funds or, as the case may be, the actuarial value of the benefits accrued to the employee have been transferred to this plan in accordance with section 135, 136, 143.11 or 143.21.

1987, c. 107, s. 71; 2001, c. 31, s. 242; 2004, c. 39, s. 24.

2001-06-21

71. For the purposes of this division, contributions include every amount paid by the employee and every contribution from which he was exempt under this plan or under any other pension plan out of which service has been transferred to this plan, but do not include contributions deducted in excess for the years subsequent to the year 1986. Contributions also include any interest accrued on such amounts in accordance with the relevant pension plan. However, they do not include any amount refunded to the employee under any such pension plan if, when service was transferred on an actuarially equivalent basis, the total amount of accumulated contributions exceeded the actuarial value of the benefits accrued under the new pension plan.

However, the amounts paid by an employee into a supplemental pension plan established by an employer contemplated by the Government and Public Employees Retirement Plan are refunded if the funds or, as the case may be, the actuarial value of the benefits accrued to the employee have been transferred to this plan in accordance with section 135, 136 or 136.1.

1987, c. 107, s. 71; 2001, c. 31, s. 242.

1988-01-01

71. For the purposes of this division, contributions include every amount paid by the employee and every contribution from which he was exempt under this plan or under any other pension plan out of which service has been transferred to this plan, but do not include contributions deducted in excess for the years subsequent to the year 1986. Contributions also include any interest accrued on such amounts in accordance with the relevant pension plan. However, they do not include any amount refunded to the employee under any such pension plan if, when service was transferred on an actuarially equivalent basis, the total amount of accumulated contributions exceeded the actuarial value of the benefits accrued under the new pension plan.

However, the amounts paid by an employee into a supplemental pension plan established by an employer contemplated by the Government and Public Employees Retirement Plan are refunded if the funds or, as the case may be, the actuarial value of the benefits accrued to the employee have been transferred to this plan in accordance with section 135 or section 136.

1987, c. 107, s. 71.