P-32.1 - Act respecting pension coverage for certain teachers

Section 24 Disposition versions

1978-07-01

24. The teaching religious laicized before 30 June 1965 who has contributed to the pension fund of the officers of education established by Part VIII of the Education Act (Revised Statutes, 1964, chapter 235), and the lay teacher as defined in subparagraph iv of paragraph d of section 1 who has contributed to the aforesaid pension fund, is entitled to receive an amount equal to the difference between the amount of the pension he is receiving under a pension plan and the amount of the pension he would be receiving, excluding the years redeemed under Part VIII of the Education Act (Revised Statutes, 1964, chapter 235) and adding all his years of teaching not counted in the form of a pension credit equal, for each of the said years of teaching, to the amount of 1% of his annual pensionable salary on the date on which he began to receive his pension, or 1% of $14 000, whichever is greater.

The teaching religious laicized before 30 June 1965 who has contributed to the pension fund of the officers of education established by Part VIII of the Education Act (Revised Statutes, 1964, chapter 235), and the lay teacher as defined in subparagraph iv of paragraph d of section 1 who has contributed to the aforesaid pension fund, and who, in either case, has acquired a right to a deferred annuity under a pension plan, is entitled to receive, at the time this annuity becomes payable, an amount equal to the difference between the amount of the deferred annuity and the amount he would have received, excluding the years redeemed under Part VIII of the Education Act (Revised Statutes, 1964, chapter 235) and adding all his years of teaching not counted in the form of a pension credit equal, for each of the said years of teaching, to the amount of 1% of his annual pensionable salary on the date on which he is entitled to a deferred annuity, or 1% of $14 000, whichever is greater.

1978, c. 16, s. 24.