26. A Member is also entitled to a pension credit for each year or part of a year during which he paid contributions to a pension plan applicable to a Member of the National Assembly or to a Member of the Parliament of Canada that may be counted under this plan and in respect of which he is not entitled to a pension under such a plan or another Act provided he applies therefor and pays, on the conditions and in the manner prescribed by regulation, an amount equal to the contribution which would have been withheld under the plan from the indemnity to which he is entitled at the time of the application for each year and part of a year so counted.
Each pension credit thus granted shall be established in the manner prescribed in the first paragraph of section 25 on the basis of the indemnity to which the Member is entitled at the time of his application for redemption. Each pension credit shall be added to the pension credit for the year of application.
However, each pension credit granted in accordance with the first paragraph in respect of a year or part of a year credited under this plan and subsequent to 31 December 1982 shall be established in the manner prescribed in the first paragraph of section 25 on the basis of the indemnity to which the Member was entitled during that year or part of a year. For indexing purposes, the pension credit is deemed never to have been refunded to the Member.
1982, c. 66, s. 26; 1987, c. 109, s. 4; 1992, c. 9, s. 2.