P-32.1 - Act respecting pension coverage for certain teachers

Section 14 Disposition versions

1983-07-01

14. The pension credit provided for in this division is granted as a life annuity payable to the employee from 65 years of age or, where such is the case, from the date on which he retires if that date is subsequent to his sixty-fifth birthday.

However, this pension credit may be payable on the same date as the annual retirement pension under subparagraph 2 of section 33 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10). In such a case, if the employee is less than 60 years of age when he retires, the pension credit is reduced, for the duration of the pension, by one-half of one per cent computed for each month comprised between the date on which the pension is granted and the date of the sixtieth birthday of the employee.

The years of service used to establish the pension credit provided for by this division are computed only for purposes of qualification for the annual pension and, where such is the case, for the deferred annuity, as provided for such pension or annuity in the plan prescribed by that Act.

1978, c. 16, s. 14; 1982, c. 51, s. 117; 1982, c. 51, s. 119; 1983, c. 24, s. 70.

1983-01-01

14. The pension credit provided for in this division is granted as a life annuity payable to the employee from 65 years of age or, where such is the case, from the date on which he retires if that date is subsequent to his sixty-fifth birthday.

However, this pension credit may be payable on the same date as the annual retirement pension under section 52 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10). In such a case, if the employee is less than 60 years of age when he retires, the pension credit is reduced, for the duration of the pension, by one-half of one per cent computed for each month comprised between the date on which the pension is granted and the date of the sixtieth birthday of the employee.

The years of service used to establish the pension credit provided for by this division are computed only for purposes of qualification for the annual pension and, where such is the case, for the deferred annuity, as provided for such pension or annuity in the plan prescribed by that Act.

1978, c. 16, s. 14; 1982, c. 51, s. 117; 1982, c. 51, s. 119.

1978-07-01

14. The pension credit provided for in this division is granted as a life annuity payable to the employee from 65 years of age.

However, this pension credit may be payable on the same date as the annual retirement pension under subparagraph c of the first paragraph of section 45 of the Plan. In such a case, if the employee is less than 60 years of age when he is superannuated, the pension credit is reduced, for the duration of the pension, by one-half of one per cent computed for each month comprised between the date on which the pension is granted and the date of the sixtieth birthday of the employee.

The years of service used to establish the pension credit provided for by this division are computed only for purposes of qualification for the annual pension and, where such is the case, for the deferred annuity, as provided for such pension or annuity in the Plan.

1978, c. 16, s. 14.