13. The pension credit granted under a former pension plan is reduced, for its duration, by 0.25% per month, computed for each month comprised between the date on which the pension credit is payable to the employee and the nearest date on which the pension would otherwise have been granted to the employee without actuarial reduction pursuant to the provisions of the former pension plan, and taking into account paragraph 3 of section 6 if any of paragraphs 1 to 11 of Schedule II applies or applied to the employee.
For the purposes of this section with respect to a person if any of paragraphs 1 to 11 of Schedule II applies or applied to the person whose former pension plan is the pension plan of management personnel, section 49 of the Act, as it reads on 30 June 2019, applies for the determination of the nearest date on which the pension payable would have been granted without actuarial reduction pursuant to the former pension plan.
O.C. 960-2003, s. 13; 688-2018O.C. 688-2018, s. 21.