88. Pension credit is equal, for each year of service, to 2% of the annual pensionable salary of the employee as of 1 July 1973. If he has no pensionable salary on that date, his pensionable salary is that on his taking office at the Commission des loyers for the purchase of service accomplished as a member or employee of that Commission and, in all other cases, his pensionable salary is that of the date prior to 1 January 1982 on which he became a member of the plan.
The pension credit is reduced, for each year of service, by 0.7% of the maximum pensionable earnings, within the meaning of the Act respecting the Québec Pension Plan (chapter R-9), for the year of the annual pensionable salary concerned.
1973, c. 12, s. 78; 1983, c. 24, s. 1; 1985, c. 18, s. 13.