R-9.1 - Act respecting the Pension Plan of Certain Teachers

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22. For the purposes of the increase referred to in section 20, in no case may the total amount of benefits payable to a person under the Government and Public Employees Retirement Plan, the Pension Plan of Management Personnel, the Teachers Pension Plan, the Civil Service Superannuation Plan or this plan, computed before any reduction, exceed 80% of the average pensionable salary, which is the total of the following amounts:
(1)  80% of the average pensionable salary used to compute the pension for the years and parts of a year of service credited before 1992 multiplied by the number of years and parts of a year of service credited before 1992 over the total number of years and parts of a year of service credited; and
(2)  80% of the average pensionable salary used to compute the pension for the years and parts of a year of service credited after 1991 multiplied by the number of years and parts of a year of service credited after 1991 over the total number of years and parts of a year of service credited.
The sums, if any, paid to redeem years or parts of a year in respect of which no amount may be added to the amount of the pension pursuant to the first paragraph shall be reimbursed with interest calculated at the rate prescribed in Schedule VI to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) in respect of the period indicated therein from the date such sums were paid until the day the reimbursement is made.
1986, c. 44, s. 22; 1991, c. 77, s. 4; 2001, c. 31, s. 223; 2008, c. 25, s. 31; 2007, c. 43, s. 6; 2010, c. 29, s. 27; 2016, c. 14, s. 1.
22. For the purposes of the increase referred to in section 20, in no case may the total amount of benefits payable to a person under the Government and Public Employees Retirement Plan, the Pension Plan of Management Personnel, the Teachers Pension Plan, the Civil Service Superannuation Plan or this plan, computed before any reduction, exceed 76% of the average pensionable salary, which is the total of the following amounts:
(1)  76% of the average pensionable salary used to compute the pension for the years and parts of a year of service credited before 1992 multiplied by the number of years and parts of a year of service credited before 1992 over the total number of years and parts of a year of service credited; and
(2)  76% of the average pensionable salary used to compute the pension for the years and parts of a year of service credited after 1991 multiplied by the number of years and parts of a year of service credited after 1991 over the total number of years and parts of a year of service credited.
The sums, if any, paid to redeem years or parts of a year in respect of which no amount may be added to the amount of the pension pursuant to the first paragraph shall be reimbursed with interest calculated at the rate prescribed in Schedule VI to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) in respect of the period indicated therein from the date such sums were paid until the day the reimbursement is made.
1986, c. 44, s. 22; 1991, c. 77, s. 4; 2001, c. 31, s. 223; 2008, c. 25, s. 31; 2007, c. 43, s. 6; 2010, c. 29, s. 27.
22. For the purposes of the increase referred to in section 20, in no case may the total amount of benefits payable to a person under the Government and Public Employees Retirement Plan, the Pension Plan of Management Personnel, the Teachers Pension Plan, the Civil Service Superannuation Plan or this plan, computed before any reduction, exceed 70% of the average pensionable salary, which is the total of the following amounts:
(1)  70% of the average pensionable salary used to compute the pension for the years and parts of a year of service credited before 1992 multiplied by the number of years and parts of a year of service credited before 1992 over the total number of years and parts of a year of service credited; and
(2)  70% of the average pensionable salary used to compute the pension for the years and parts of a year of service credited after 1991 multiplied by the number of years and parts of a year of service credited after 1991 over the total number of years and parts of a year of service credited.
The sums, if any, paid to redeem years or parts of a year in respect of which no amount may be added to the amount of the pension pursuant to the first paragraph shall be reimbursed with interest calculated at the rate prescribed in Schedule VI to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) in respect of the period indicated therein from the date such sums were paid until the day the reimbursement is made.
1986, c. 44, s. 22; 1991, c. 77, s. 4; 2001, c. 31, s. 223; 2008, c. 25, s. 31; 2007, c. 43, s. 6.
22. For the purposes of the increase referred to in section 20, in no case may the total amount of benefits payable to a person under the Government and Public Employees Retirement Plan, the Pension Plan of Management Personnel, the Teachers Pension Plan, the Civil Service Superannuation Plan or this plan, computed before any reduction, exceed 70% of the average pensionable salary, which is the total of the following amounts:
(1)  70% of the average pensionable salary used to compute the pension for the years and parts of a year of service credited before 1992 multiplied by the number of years and parts of a year of service credited before 1992 over the total number of years and parts of a year of service credited; and
(2)  70% of the average pensionable salary used to compute the pension for the years and parts of a year of service credited after 1991 multiplied by the number of years and parts of a year of service credited after 1991 over the total number of years and parts of a year of service credited.
The sums, if any, paid to redeem years or parts of a year in respect of which no amount may be added to the amount of the pension pursuant to the first paragraph shall be reimbursed with interest calculated at the rate prescribed in Schedule VI to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) in respect of the period indicated therein from the midpoint of the year in which such sums were paid until the day the reimbursement is made.
1986, c. 44, s. 22; 1991, c. 77, s. 4; 2001, c. 31, s. 223; 2008, c. 25, s. 31.
22. For the purposes of the increase referred to in section 20, in no case may the total amount of benefits payable to a person under the Government and Public Employees Retirement Plan, the Pension Plan of Management Personnel, the Teachers Pension Plan, the Civil Service Superannuation Plan or this plan, computed before any reduction, exceed 70% of the average pensionable salary used in computing the pension.
The sums, if any, paid to redeem years or parts of a year in respect of which no amount may be added to the amount of the pension pursuant to the first paragraph shall be reimbursed with interest calculated at the rate prescribed in Schedule VI to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) in respect of the period indicated therein from the midpoint of the year in which such sums were paid until the day the reimbursement is made.
1986, c. 44, s. 22; 1991, c. 77, s. 4; 2001, c. 31, s. 223.
22. For the purposes of the increase referred to in section 20, in no case may the total amount of benefits payable to a person under the Government and Public Employees Retirement Plan, the Teachers Pension Plan, the Civil Service Superannuation Plan or this plan, computed before any reduction, exceed 70% of the average pensionable salary used in computing the pension.
The sums, if any, paid to redeem years or parts of a year in respect of which no amount may be added to the amount of the pension pursuant to the first paragraph shall be reimbursed with interest calculated at the rate prescribed in Schedule VI to the Act respecting the Government and Public Employees Retirement Plan (chapter R-10) in respect of the period indicated therein from the midpoint of the year in which such sums were paid until the day the reimbursement is made.
1986, c. 44, s. 22; 1991, c. 77, s. 4.
22. In no case may the total amount of benefits payable to a person under the Government and Public Employees Retirement Plan, the Teachers Pension Plan, the Civil Service Superannuation Plan or this plan, computed before any reduction, exceed 70% of the average pensionable salary used in computing the pension.
1986, c. 44, s. 22.