R-12.1 - Act respecting the Pension Plan of Management Personnel

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116.1. Despite the indexing provided for in section 115, the following pensions are not indexed for the years 2018 to 2023 inclusively:
(1)  the pension of an employee who ceased to be a member of the plan before 1 January 2017;
(2)  the pension of an employee referred to in the first paragraph of section 9 who ceased to hold pensionable employment under the plan before 1 January 2017; and
(3)  in the case of a deferred pension, the pension of an employee who retired before 1 January 2017.
As of 1 January 2024, a pension referred to in the first paragraph is, at the time prescribed under section 119 of the Act respecting the Québec Pension Plan (chapter R-9), indexed annually,
(1)  for the part attributable to service prior to 1 July 1982, by one-half of the rate of increase in the Pension Index determined by that Act;
(2)  for the part attributable to service subsequent to 30 June 1982 but prior to 1 January 2000, by the excess of the rate of increase in the Pension Index over 3%; and
(3)  for the part attributable to service subsequent to 31 December 1999, according to the formula provided in subparagraph 2 of this paragraph or by one-half of the rate of increase in the Pension Index, whichever is more advantageous.
The first and second paragraphs also apply to a pension payable to the spouse of an employee referred to in the first paragraph.
This section applies only to a pension paid in accordance with the second paragraph of section 180.
2017, c. 72017, c. 7, s. 12.