43. Any teacher who has been or shall have been a member of the National Assembly shall be entitled to have counted as years of service for pension purposes the years during which he was a member of the National Assembly and for which he has paid the contribution contemplated in section 87 of the Legislature Act (chapter L-1), unless he is entitled to a pension under the said act; for such purpose, he must notify the Commission of his intention to avail himself of this paragraph and pay it, for each of such years, an amount computed at the rate of contribution application on the date on which this division become applicable to him of the lesser of the indemnity he received as a member or the salary he would be entitled to receive during the first school year during which he was a teacher after having been a member.
Any teacher who has been a member of the National Assembly and ceased to be a member before the 1st of January 1958 shall also be entitled to have counted as years of service for pension purposes the years during which he was thus a member and for such purpose he must notify the Commission of his intention to avail himself of this section and pay into the consolidated revenue fund, for each of such years, an amount equal to 5% of the indemnity which he received as a member during each of such years.
Such a notice must be given according to a form furnished or approved by the Commission within twenty-four months following the date when such a person became a teacher.
When the number of years which a teacher wishes to have counted exceeds two, the amount he must pay shall be payable in not more than five equal and consecutive annual instalments with interest at the rate of 5% per annum, if the teacher requests it in the abovementioned notice.
His pension, in such case, shall be based solely on the salary he received while he was a teacher.
1970, c. 56, s. 22 (part); 1973, c. 12, s. 205; 1982, c. 62, s. 143.