8. The pension shall be based on the average salary of the teacher for the five highest-paid years of his service or for each of his years of service if he has less than five.
It shall be fixed at 2% of such average salary per year of service.
In computing the pension, not more than thirty-five years of service shall be counted.
In the computation provided for in the first paragraph, one or more fractions of a year of service may be taken into account; in such case, the complement of a year of service and the corresponding average pensionable salary shall be obtained from another year of service included among the best remunerated such years.
Nevertheless, from the month following the teacher’s retirement by reason of infirmity, from the month following his sixty-fifth birthday or, as the case may be, from the month following the date on which he retires, if that date is subsequent to his sixty-fifth birthday, the pension is reduced by 0.7% of the average salary per year of service after 31 December 1965.
Where the average salary used is the average salary fixed under section 8.1, the reduction is effected on the average salary determined under the first paragraph.
Such reduction shall not apply to a teacher superannuated in 1966 or superannuated by reason of infirmity before the 1st of January 1970.
It shall not be computed upon that portion of the average salary which exceeds the average Maximum Pensionable Earnings within the meaning of the Act respecting the Québec Pension Plan for the five highest-paid years preceding the teacher’s superannuation.
It shall not make the pension less than 2% of the teacher’s average salary for the five highest-paid years of his service before the 1st of January 1966 per year of service before such date.
Nor shall it reduce the pension by an amount exceeding the basic amount of the pension under the general plan to which the teacher is entitled or would be entitled upon retiring from regular employment.
1965 (1st sess.), c. 68, s. 3; 1966-67, c. 64, s. 2; 1973, c. 12, s. 189; 1977, c. 23, s. 6; 1982, c. 51, s. 53.