R-26.2.1 - Act respecting the restructuring of university-sector defined benefit pension plans

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21. An amendment to the retirement pension’s automatic indexation formula for service prior to 1 January 2016 may apply to members who are retired on 31 December 2015 if the retirement pension’s automatic indexation formula with respect to active members is amended. Furthermore, the value of the 10 amendment must be equivalent to the value of the amendment concerning the automatic indexation of the retirement pension of the active members when calculated in proportion to the respective liabilities of each of the groups.
The employer and the active members may however agree to an additional reduction pertaining to the automatic indexation formula for the retirement pension of active members.
2016, c. 132016, c. 13, s. 21.