R-9.2, r. 1 - Regulation under the Act respecting the Pension Plan of Peace Officers in Correctional Services

Section 3.2 Disposition versions

2012-09-01

3.2. The amount added to the employee’s pension shall correspond to the sum of the following amounts:

(1)  the amount “MO” which corresponds to the lower of “MO1” and “MO2”, calculated as follows:

i.  MO1 = [NL x [(F x 2.0% x TM) - (0.7% x (the lesser of TM and MGA))]] - CRRR

ii.  MO2 = F x N x 1.1% x TM

(2)  an amount equal to the difference between the amount “M” determined in section 3.1 and the amount “MO” determined in paragraph 1 of this paragraph, if the person is under 65 years of age when the pension becomes payable. That amount shall be paid until the end of the month during which the pensioner reaches 65 years of age.

T.B. 199294, s. 1.