R-12.1 - Act respecting the Pension Plan of Management Personnel

Section 115 Disposition versions

2011-01-01

115. Every pension, except a pension paid under section 80 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), is indexed annually, at the time prescribed under section 119 of the Act respecting the Québec Pension Plan (chapter R-9),

(1)  for that part attributable to service prior to 1 July 1982, by the rate of increase of the Pension Index determined by the said Act;

(2)  for that part attributable to service subsequent to 30 June 1982 but prior to 1 January 2000, by the excess of the rate of increase of the Pension Index over 3%; and

(3)  for that part attributable to service subsequent to 31 December 1999, by the formula provided for in subparagraph 2 of this paragraph or by one-half of the rate of increase of the Pension Index, according to the formula that is the most advantageous.

Where the number of years of service credited exceeds the number of years of service used in computing the pension, subparagraphs 1 to 3 of the first paragraph are applied in the order that is the most advantageous for the pensioner.

The deferred pension is, at the same time, indexed annually at the rate of increase of the Pension Index determined by the said Act from 1 January following the date on which the employee ceased to be a member of the plan to 1 January of the year in which the employee reached 65 years of age. From 1 January following the date on which the employee reached 65 years of age, the deferred pension is indexed in the manner set out in the first paragraph.

2001, c. 31, s. 115; 2010, c. 29, s. 24.

2001-06-21

115. Every pension, except a pension paid under section 80 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), is indexed annually, at the time prescribed under section 119 of the Act respecting the Québec Pension Plan (chapter R-9),

(1)  for that part attributable to service prior to 1 July 1982, by the rate of increase of the Pension Index determined by the said Act;

(2)  for that part attributable to service subsequent to 30 June 1982 but prior to 1 January 2000, by the excess of the rate of increase of the Pension Index over 3%; and

(3)  for that part attributable to service subsequent to 31 December 1999, by the formula provided for in subparagraph 2 of this paragraph or by one-half of the rate of increase of the Pension Index, according to the formula that is the most advantageous.

Where the number of years of service credited exceeds 35 years, subparagraphs 1 to 3 of the first paragraph are applied in the order that is the most advantageous for the pensioner.

The deferred pension is, at the same time, indexed annually at the rate of increase of the Pension Index determined by the said Act from 1 January following the date on which the employee ceased to be a member of the plan to 1 January of the year in which the employee reached 65 years of age. From 1 January following the date on which the employee reached 65 years of age, the deferred pension is indexed in the manner set out in the first paragraph.

2001, c. 31, s. 115.