Regulation to amend the Regulation under the Act respecting the Pension Plan of Management Personnel (R.S.Q., c. R-12.1, s. 196, 1st par., subpar. 5.1)
Changes to Your Pension Plan
 | The Regulation to amend the Regulation under the Act respecting the Pension Plan of Management Personnel(R.S.Q., c. R-12.1, s. 196, 1st par., subpar. 5.1) came into force on July 1, 2012. |
The principal amendments made to the PPMP and the RPSO are the following:
Changes to the tariff schedules used to calculate the cost of
certain buy‑backs
Pension plan concerned: PPMP, RPSO
Effective: July 1, 2012
The tariff schedules used to calculate the cost of buy-backs have
been amended.
The buy-backs affected by the new tariffs are the following:
- Buy-back of absence without pay for which the application is
received more than six months following the end
of the absence.
- Buy-back of parental leave for which the application is
received more than six months following the end
of the leave.
- Buy-back of service as a casual employee.
- Buy-back of service in a research centre.
- Buy-back of service in a body before it became subject to
the pension plan.
- Buy-back of compassionate care leave under way on January 1, 2012, or beginning after that date, for which the application is
received more than six months following the end
of the leave.
To learn more about the tariff schedules, refer to the document
entitled Tariff Schedules for Certain Types of Buy-Backs, under Documentation >
For members.
Application of a minimal cost for certain buy‑backs
Pension plan concerned: PPMP, RPSO
Effective: July 1, 2012
A minimal cost now applies to the buy-back of absence without pay
and parental leave that began after December 31, 2007 or
compassionate care leave under way on January 1, 2012, or beginning after that date, for which the application is received more
than six months following the end of the absence or leave.
The cost of the buy-back of absence without pay must be at least
equal to 200% of the contributions (100% in the case of parental
leave or compassionate care leave) that should have been paid during
the period covered by the buy‑back.