Acts and Regulations

P-26 - Public Service Superannuation Act

Full text
Definitions
26(1)In this section
“bona fide pension plan” means any pension plan established for employees to which contributions were made, on a regular basis, by the employees and the employer principally for the purpose of providing a pension to the employees upon retirement;(régime de pensions véritable)
“employee” means a person who was a full time employee of a municipality immediately prior to becoming employed in the Public Service;(employé)
“municipality” means a city, town, village, rural community, local improvement district or county;(municipalité)
“transferred employee” means an employee who became employed in the Public Service immediately upon ceasing to be employed by the municipality because his or her function, which was the responsibility of the municipality, became the responsibility of the Province.(employé muté)
Election of transferred municipal employee
26(2)A transferred employee who was, immediately prior to becoming employed in the Public Service, contributing to a bona fide pension plan,
(a) notwithstanding paragraph 3(1)(b), may become a contributor under this Act provided he or she agrees to make an election under paragraph (b) and, notwithstanding the five year requirement in sections 10 to 14, is entitled to a benefit under those sections; and
(b) may elect, within four years of becoming a contributor under this Act, to add his or her pensionable service with the bona fide pension plan to his or her pensionable service credit under this Act if he or she surrenders any benefit to which he or she might be entitled under that plan and pays in respect of that service an amount equal to the return of contributions he or she is eligible to receive from that plan.
1966, c.23, s.24; 1969, c.66, s.4; 1972, c.57, s.14; 2005, c.7, s.69; 2008, c.45, s.31
Definitions
26(1)In this section
“bona fide pension plan” means any pension plan established for employees to which contributions were made, on a regular basis, by the employees and the employer principally for the purpose of providing a pension to the employees upon retirement;(régime de pensions véritable)
“employee” means a person who was a full time employee of a municipality immediately prior to becoming employed in the Public Service;(employé)
“municipality” means a city, town, village, rural community, local improvement district or county;(municipalité)
“transferred employee” means an employee who became employed in the Public Service immediately upon ceasing to be employed by the municipality because his function, which was the responsibility of the municipality, became the responsibility of the Province.(employé muté)
Election of transferred municipal employee
26(2)A transferred employee who was, immediately prior to becoming employed in the Public Service, contributing to a bona fide pension plan,
(a) notwithstanding paragraph 3(1)(b), may become a contributor under this Act provided he agrees to make an election under paragraph (b) and, notwithstanding the five year requirement in sections 10 to 14, is entitled to a benefit under those sections; and
(b) may elect, within four years of becoming a contributor under this Act, to add his pensionable service with the bona fide pension plan to his pensionable service credit under this Act if he surrenders any benefit to which he might be entitled under that plan and pays in respect of that service an amount equal to the return of contributions he is eligible to receive from that plan.
1966, c.23, s.24; 1969, c.66, s.4; 1972, c.57, s.14; 2005, c.7, s.69