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S-2.1.1 - Act to foster the financial health and sustainability of municipal defined benefit pension plans
Section 65
Disposition versions
65. Any redemption of service entirely paid by the member and made on or after 1 January 2014 must be revised by the pension committee following the coming into force of the agreement between the municipal body and the active members or of the arbitrator’s decision in order to ensure that the member benefits from the conditions set at the time of the transaction. The same applies to any agreement for a transfer of service entered into during the same period.
