94. Where a pension plan provides that, for the purpose of determining the normal pension, all or part of the benefits payable under the public plan established by the Act respecting the Québec Pension Plan (chapter R-9) or the Canada Pension Plan (Revised Statutes of Canada, 1985, chapter C-8) will serve to reduce the member’s benefits, the reduction shall not be greater than the amount m calculated according to the following formula:
“r” represents all or part of the benefit payable under the public plan;
“a” represents the number of years of service credited under the pension plan.
The fraction a/35 shall not be greater than 1.
Only the retirement benefit payable under the public plan may serve for such a reduction.