63. Every pension is indexed annually, at the time prescribed under section 119 of the Act respecting the Québec Pension Plan (chapter R-9),(1) for that part attributable to service prior to 1 July 1982, by the rate of increase in the Pension Index determined by that Act;
(2) for that part attributable to service subsequent to 30 June 1982 but prior to 1 January 2000, by the amount by which the rate of increase in the Pension Index exceeds 3%; however, that part of the pension is indexed by one half of the rate of increase in the Pension Index if the Government decides to index the part of the pension credited through government contributions under section 77.0.2 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10); (3) for that part attributable to service subsequent to 31 December 1999, by the formula provided for in subparagraph 2 of this paragraph or by one-half of the rate of increase in the Pension Index, according to the formula which is the most advantageous.
Where the number of years of service credited exceeds the number of years of service that are used to compute the pension, subparagraphs 1 to 3 of the first paragraph are applied in the order which is the most advantageous for the pensioner.
Deferred pensions are indexed in the same manner. Indexing applies, in this case, only from 1 January following the date on which the pension is payable.
1983, c. 24, s. 2; 2000, c. 32, s. 60; 2011, c. 24, s. 28.