R-9 - Act respecting the Québec Pension Plan

Section 218.2 Disposition versions

2024-01-01

218.2. For the purposes of this subdivision, “difference” means the difference between the most recent reference contribution rate, published by Retraite Québec in the Gazette officielle du Québec, and the stated first additional contribution rate applicable on 1 January of the year, after deducting the temporary contribution rate related to that first additional contribution and provided for in section 218.4, if applicable. This difference is calculated by Retraite Québec on 1 September of the year that follows the tabling of the report referred to in section 216.

If the difference calculated under the first paragraph has more than two decimals, it is rounded off to the second, which is rounded up if the third decimal is greater than 4.

2018, c. 2, s. 92; 2023, c. 30, s. 17.

2018-02-22

218.2. From the year 2024, the first additional contribution rate and the second additional contribution rate remain the same as those for the preceding year, unless

(a)  on 1 September of the year that follows the tabling of the report referred to in section 216, a difference greater than that provided for by regulation is observed between the most recent reference contribution rate, published by Retraite Québec in the Gazette officielle du Québec, and the stated first additional contribution rate for 1 January of the following year, subtracting from the latter the temporary contribution rate related to the first additional contribution and provided for in section 218.4, if applicable; and

(b)  the difference referred to in subparagraph a is observed in two consecutive reports tabled under section 216.

In that case, the first additional contribution rate and the second additional contribution rate are changed in accordance with the rules prescribed by regulation.

However, the Government may, by order, provide that those contribution rates are to remain unchanged.

2018, c. 2, s. 92.