R-9 - Act respecting the Québec Pension Plan

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120.1. The monthly amount of a retirement pension which becomes payable to a contributor on a date other than that of his sixty-fifth birthday is equal to the basic monthly amount of the retirement pension, adjusted as follows:
(1)  reduced, in the case of a pension that becomes payable after 31 December 2013, by 0.5%, to which is added an adjustment factor multiplied by the ratio between 25% of the average base monthly pensionable earnings of the contributor, calculated as provided in sections 116.1 to 116.5, for the year in which the retirement pension becomes payable and the maximum base monthly retirement pension for the year, calculated as provided in section 116.6, for each month of the period that falls between the date, prior to the contributor’s sixty-fifth birthday, on which the pension becomes payable and the date of the contributor’s sixty-fifth birthday; or
(2)  increased by 0.7% in the case of a pension that becomes payable after 31 December 2013, for each month of the period that falls between the date of the contributor’s sixty-fifth birthday and the date, subsequent to the contributor’s sixty-fifth birthday, on which the pension becomes payable, up to a maximum of 60 months.
For the purposes of this section, the adjustment factor is 0.03% if the retirement pension becomes payable in 2014, 0.06% if it becomes payable in 2015 and 0.1% if it becomes payable in 2016 or in any subsequent year.
1983, c. 12, s. 14; 2011, c. 18, s. 2; 2018, c. 22018, c. 2, s. 66.
120.1. A retirement pension which becomes payable to a contributor on a date other than that of his sixty-fifth birthday is a monthly amount equal to the basic monthly amount of the retirement pension, adjusted as follows:
(1)  reduced, in the case of a pension that becomes payable after 31 December 2013, by 0.5%, to which is added an adjustment factor multiplied by the ratio between 25% of the average monthly pensionable earnings of the contributor, calculated as provided in sections 116.1 to 116.5, for the year in which the retirement pension becomes payable and the maximum monthly retirement pension for the year, calculated as provided in section 116.6, for each month of the period that falls between the date, prior to the contributor’s sixty-fifth birthday, on which the pension becomes payable and the date of the contributor’s sixty-fifth birthday; or
(2)  increased by 0.7% in the case of a pension that becomes payable after 31 December 2013, for each month of the period that falls between the date of the contributor’s sixty-fifth birthday and the date, subsequent to the contributor’s sixty-fifth birthday, on which the pension becomes payable, up to a maximum of 60 months.
For the purposes of this section, the adjustment factor is 0.03% if the retirement pension becomes payable in 2014, 0.06% if it becomes payable in 2015 and 0.1% if it becomes payable in 2016 or in any subsequent year.
1983, c. 12, s. 14; 2011, c. 18, s. 2.
120.1. A retirement pension which becomes payable to a contributor after 31 December 1983 but on a date other than that of his sixty-fifth birthday is a monthly amount equal to the basic monthly amount of the retirement pension, adjusted in prescribed manner.
1983, c. 12, s. 14.