Regulatory amendments to the RREGOP and the PPMP

Changes to your pension plan

The Regulation under the Act respecting the Government and Public Employees Retirement Plan and the Regulation under the Act respecting the Pension Plan of Management Personnel were amended on November 23, 2016.

 

Increase in rates for certain service buy‑backs


Pension plans concerned: RREGOP, PPMP, RPSO, PPCT, TPP and CSSP

Effective date: April 1, 2017

Further to the amendments, the rates used to calculate the cost of certain service buy-backs will change on April 1, 2017.

The changes affect the following service buy‑backs:

  • Absence without pay for which the application was received more than 6 months following the end of the absence
  • Parental leave for which the application was received more than 6 months following the end of the absence
  • Compassionate care leave under way on January 1, 2012, or that began after that date, and for which the application was received more than 6 months following the end of the absence
  • Service accrued at a research centre
  • Service accrued at an organization before it became subject to the pension plan
  • Service accrued as a casual employee.

For 2017, two tariff schedules will be used to calculate the cost of a buy-back listed above. The schedule used will depend on whether Retraite Québec receives the buy‑back application before April 1, 2017, or on or after April 1, 2017.

To learn more about the tariff schedules, click Increase in rates for certain service buy‑backs.

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