L-1 - Legislature Act

Full text
99. The amount of any pension that commenced to accrue during any year preceding the 1st of January 1962 shall, from the 1st of January 1969, be increased by 16%; the amount of any pension that commenced to accrue during any year following the 31st of December 1961 and preceding the 1st of January 1969 shall be increased, from such last mentioned date, by the percentage shown opposite each of such years in the following table:



1962 ......................... 14%
1963 ......................... 12%
1964 ......................... 10%
1965 ......................... 8%
1966 ......................... 6%
1967 ......................... 4%
1968 ......................... 2%



In the case of a pension that commenced to accrue to the consort of a beneficiary of a member’s pension before the 1st of January 1969, such percentages shall apply to the pension which such beneficiary was receiving for the purposes of determining the increase in the consort’s pension in question.
1969, c. 11, s. 7; 1973, c. 10, s. 20.