Decree 1014-2013 amending the Superannuation Plan for the Members of the Sûreté du Québec (SPMSQ)
Changes to Your Pension Plan
 | The Superannuation Plan for the Members of the Sûreté du Québec (SPMSQ) was modified on October 2, 2013 with the decree 1014‑2013. |
The main modifications are presented below.
Introduction of the possibility to buy back an absence without
pay more than 6 months following the end of the period of absence
Coming into force retroactively on November 30, 2011
The possibility to buy back an absence without pay more than 6
months following the end of the absence was introduced retroactively
on November 30, 2011.
The cost of the buy-back is determined using a tariff schedule,
which will be updated on January 1st following the deposit of each
triennial actuarial valuation.
Introduction of a tariff schedule used to calculate the cost of
some buy-backs of service
Coming into force retroactively on November 30, 2011
A tariff schedule used to calculate the cost of buy-backs of
service was introduced. The buy-backs subject to those new schedules
are the following:
- Buy-back of an absence without pay that started after December 12, 2000 and for which the application is received more than 6
months following the end of the absence.
- Buy-back of a parental leave that started after December 31, 2005 and for which the application is received more than 6 months
following the end of the leave.
To find out more about the tariff schedules, consult the document Tariff Schedules for Certain Types of Buy‑Backs.
Acknowledgement of paternity leave with an allowance of a maximum
duration of 5 weeks
Coming into force retroactively on July 4, 2012
Since July 4, 2012, a plan member who is entitled to paternity
leave with an allowance of a maximum of 5 weeks, no longer has to
buy back the leave and continues contributing to the pension plan.
Elements to consider
- The pensionable salary corresponds to the salary that would
have been paid to the member if he/she had stayed at work.
- The contributions are calculated on an amount equal to the full
salary of the member and correspond to the contributions that the
member would have paid if he/she had stayed at work.
- The contributions are withheld by the employer from the
allowance paid to the member.