R-9 - Act respecting the Québec Pension Plan

Full text
119. The basic monthly amount of a benefit shall be adjusted annually, in prescribed manner, so that the amount payable for a month in any year following the first is, unless a regulation made under section 218.3 prescribes otherwise, equal to the product obtained by multiplying the amount that would have been otherwise payable for that month by the ratio that the Pension Index for that following year bears to the Pension Index for the year preceding that following year.
Notwithstanding the preceding paragraph, where a benefit is payable for December 1973, the amount thereof shall be adjusted, in prescribed manner, so that the amount payable for any month in 1974 is an amount equal to the product obtained by multiplying:
(a)  the aggregate of
(1)  the amount, excluding the amount of the flat benefit contemplated in section 124 for the year 1973 when included in the benefit, that would have been payable for December 1973 if the adjustment made under the first paragraph above in respect of each previous year had not been subject to the limitations fixed by subparagraphs a and b of the second paragraph of section 117, and
(2)  the amount of the flat benefit contemplated in section 124 for the year 1973, when this amount is to be included in the benefit payable for 1974,
by
(b)  the ratio that the Pension Index for the year 1974 bears to the average of the Consumer Price Index for Canada for each month in the 16-month period ending 30 June 1972.
Likewise, where a benefit is payable for December 1974, the amount thereof shall be adjusted, in prescribed manner, so that the amount payable for any month in 1975 is an amount equal to the product obtained by multiplying
(a)  the amount of the benefit payable for December 1974
by
(b)  the ratio that the Pension Index for the year 1975 bears to the average of the Consumer Price Index for Canada for each month of the 12-month period ending 31 October 1973.
1965 (1st sess.), c. 24, s. 130; 1973, c. 16, s. 8; 1993, c. 15, s. 42; 2018, c. 22018, c. 2, s. 64.
119. The basic monthly amount of a benefit shall be adjusted annually, in prescribed manner, so that the amount payable for a month in any year following the first is equal to the product obtained by multiplying the amount that would have been otherwise payable for that month by the ratio that the Pension Index for that following year bears to the Pension Index for the year preceding that following year.
Notwithstanding the preceding paragraph, where a benefit is payable for December 1973, the amount thereof shall be adjusted, in prescribed manner, so that the amount payable for any month in 1974 is an amount equal to the product obtained by multiplying:
(a)  the aggregate of
(1)  the amount, excluding the amount of the flat benefit contemplated in section 124 for the year 1973 when included in the benefit, that would have been payable for December 1973 if the adjustment made under the first paragraph above in respect of each previous year had not been subject to the limitations fixed by subparagraphs a and b of the second paragraph of section 117, and
(2)  the amount of the flat benefit contemplated in section 124 for the year 1973, when this amount is to be included in the benefit payable for 1974,
by
(b)  the ratio that the Pension Index for the year 1974 bears to the average of the Consumer Price Index for Canada for each month in the 16-month period ending 30 June 1972.
Likewise, where a benefit is payable for December 1974, the amount thereof shall be adjusted, in prescribed manner, so that the amount payable for any month in 1975 is an amount equal to the product obtained by multiplying
(a)  the amount of the benefit payable for December 1974
by
(b)  the ratio that the Pension Index for the year 1975 bears to the average of the Consumer Price Index for Canada for each month of the 12-month period ending 31 October 1973.
1965 (1st sess.), c. 24, s. 130; 1973, c. 16, s. 8; 1993, c. 15, s. 42.
119. The basic monthly amount of a benefit shall be adjusted annually, in prescribed manner, so that the amount payable for a month in any year following the first is equal to the product obtained by multiplying the amount that would have been otherwise payable for that month by the ratio that the Pension Index for that following year bears to the Pension Index for the year preceding that following year.
Notwithstanding the preceding paragraph, where a benefit is payable for December 1973, the amount thereof shall be adjusted, in prescribed manner, so that the amount payable for any month in 1974 is an amount equal to the product obtained by multiplying:
(a)  the aggregate of
(1)  the amount, excluding the amount of the flat rate benefit contemplated in section 124 for the year 1973 when included in the benefit, that would have been payable for December 1973 if the adjustment made under the first paragraph above in respect of each previous year had not been subject to the limitations fixed by subparagraphs a and b of the second paragraph of section 117, and
(2)  the amount of the flat rate benefit contemplated in section 124 for the year 1973, when this amount is to be included in the benefit payable for 1974,
by
(b)  the ratio that the Pension Index for the year 1974 bears to the average of the Consumer Price Index for Canada for each month in the sixteen-month period ending June 30 1972.
Likewise, where a benefit is payable for December 1974, the amount thereof shall be adjusted, in prescribed manner, so that the amount payable for any month in 1975 is an amount equal to the product obtained by multiplying
(a)  the amount of the benefit payable for December 1974
by
(b)  the ratio that the Pension Index for the year 1975 bears to the average of the Consumer Price Index for Canada for each month of the twelve-month period ending October 31 1973.
From January 1 1974, the adjustment contemplated in this section shall not apply to the monthly amount of an orphan’s pension nor that of a disabled contributor’s child’s pension.
1965 (1st sess.), c. 24, s. 130; 1973, c. 16, s. 8.