23. The municipality shall withhold contributions from each payment of the pensionable salary of every participant.
The amount withheld, computed on an annual basis, shall be equal to
(1) 10 %, up to the amount of that part of the pensionable salary which corresponds to the personal exemption within the meaning of the Act respecting the Québec Pension Plan (chapter R-9);
(2) 8.2 % of that part of the pensionable salary which exceeds the personal exemption, up to the amount of the Maximum Pensionable Earnings within the meaning of the said Act;
(3) 10 % of that part of the pensionable salary which exceeds the Maximum Pensionable Earnings.
Notwithstanding the foregoing, the contributions to be withheld by a mandatary body of the municipality or a supramunicipal body from the pensionable salary it pays to a participant shall be equal to 10 % of that salary.
1988, c. 85, s. 23; 1989, c. 75, s. 3.