S-2.1.1 - Act to foster the financial health and sustainability of municipal defined benefit pension plans

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11. No pension plan may provide for automatic indexation of pensions at retirement. However, an ad hoc indexation of pension may be provided for in the event that a surplus defined in the second paragraph of section 19 is identified in an actuarial valuation subsequent to that of 31 December 2013.
Any indexation used to calculate the deferred pension or the normal pension is not subject to the first paragraph.
2014, c. 15, s. 11.