R-9.2 - Act respecting the Pension Plan of Peace Officers in Correctional Services

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45. (Repealed).
1987, c. 107, s. 45; 1991, c. 77, s. 19; 1996, c. 53, s. 3; 1997, c. 71, s. 10; 2008, c. 25, s. 40.
45. The annual amount of an employee’s pension, on the date on which the employee ceases to participate in the plan, is equal to the total of the following amounts:
(1)  the amount obtained by multiplying his average pensionable salary by 2.1875% per year of service credited before 1 January 1992;
(2)  the amount obtained by multiplying the average pensionable salary by 2% per year of service credited after 31 December 1991.
1987, c. 107, s. 45; 1991, c. 77, s. 19; 1996, c. 53, s. 3; 1997, c. 71, s. 10.
45. The annual amount of an employee’s pension is equal to the total of the following amounts:
(1)  the amount obtained by multiplying his average pensionable salary by 2.1875 % per year of service credited before 1 January 1992;
(2)  the amount obtained by multiplying the average pensionable salary by 2 % per year of service credited after 31 December 1991.
1987, c. 107, s. 45; 1991, c. 77, s. 19; 1996, c. 53, s. 3.
45. The annual amount of an employee’s pension is equal to the total of the following amounts:
(1)  the amount obtained by multiplying his average pensionable salary by 2.1875 % per year of service credited before 1 January 1992;
(2)  the amount obtained by multiplying his average pensionable salary by 2.1875 % per year of service credited after 31 December 1991. However, this amount shall not exceed the amount obtained by adding the following amounts:
(a)  the amount obtained by multiplying the defined benefit limit applicable under the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement) for the year in which he retires by the number of years of credited service subsequent to 31 December 1991;
(b)  the amount obtained by computing the reduction as in section 51 taking into account only the years of credited service subsequent to 31 December 1991.
1987, c. 107, s. 45; 1991, c. 77, s. 19.
45. The annual amount of an employee’s pension is equal to the total of the following amounts:
(1)  the amount obtained by multiplying his average pensionable salary by 2.1875 % per year of service credited before 1 January 1992;
(2)  the amount obtained by multiplying his average pensionable salary by 2.1875 % per year of service credited after 31 December 1991. However, this amount shall not exceed the amount obtained by adding the following amounts:
(a)  the amount obtained by multiplying the defined benefit limit applicable under the Income Tax Act (Statutes of Canada) for the year in which he retires by the number of years of credited service subsequent to 31 December 1991;
(b)  the amount obtained by computing the reduction as in section 51 taking into account only the years of credited service subsequent to 31 December 1991.
1987, c. 107, s. 45; 1991, c. 77, s. 19.
45. The annual amount of an employee’s pension is equal to his average pensionable salary multiplied by 2.1875 % per year of service credited, up to 32 years.
1987, c. 107, s. 45.