41. The maximum pensionable earnings of a worker for a year are equal to that year’s Maximum Pensionable Earnings.
Nevertheless, for a year in which a worker reaches 18 years of age, or in which a disability pension ceases to be payable to him under this act or under a similar plan, such maximum is reduced to that proportion that the number of months after he reaches 18 years of age or after such disability pension ceases, bears to 12.
Also, for a year in which a worker reaches seventy years of age or dies, or during which a retirement pension or disability pension becomes payable to him under this act or under a similar plan, such maximum is reduced in the proportion which the number of months before he reaches 70 years of age, or prior to the month immediately following his death or to the date when the retirement or disability pension becomes payable to him bears to 12.
1965 (1st sess.), c. 24, s. 38; 1974, c. 16, s. 5.