67. Unless the rules governing the amalgamation or annexation provide otherwise, a participant who ceases to be a council member following the amalgamation or annexation of the territory of the municipality of which he is a council member may continue to participate in this plan until the date of the next regular election. The participant and the municipality resulting from the amalgamation or the annexing municipality, as the case may be, shall discharge the obligations arising from the plan until that date.
For the purposes of the first paragraph, the pensionable salary is the salary received by the participant on the day preceding the day the amalgamation or annexation becomes effective.
1988, c. 85, s. 67; 2001, c. 68, s. 85.