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

Full text
116.2. Despite the indexing provided for in section 115, the following pensions are not indexed for the years 2021 to 2026 inclusively:
(1)  the pension of an employee who ceased to be a member of the plan after 31 December 2016 and before 1 July 2019;
(2)  the pension of an employee referred to in the first paragraph of section 9 who ceased to hold pensionable employment under the plan after 31 December 2016 and before 1 July 2019; and
(3)  in the case of a deferred pension, the pension of an employee who retired after 31 December 2016 and before 1 July 2019.
As of 1 January 2027, 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.