62.7. For the purposes of the first paragraph of section 62.6, the aggregate of any lump sum paid as an increase in or adjustment to the pensionable salary for a previous year and any amount paid during the year in which the officer ceases to participate in the plan and pertaining to pensionable salary for the days and parts of a day credited to the officer for the last days of the previous year is excluded from the pensionable salary established under the second and third paragraphs of section 62.6
The amount referred to in the first paragraph is to be added to the results obtained under the first paragraph of section 62.6. However, for the purposes of subparagraph 2 of the first paragraph of that section, the amount is added before the application of the limit imposed by the first paragraph of section 62.1.
For the years and parts of a year of service credited after 31 December 1989, the amount referred to in the first paragraph is either the amount by which the pensionable salary of the officer established under the second and third paragraphs of section 62.6 exceeds the annual basic salary paid to the officer or that would have been paid to the officer under the conditions of employment applicable on the last credited day of the year, multiplied by the service credited to the officer during the year, or, if the officer simultaneously holds more than one pensionable employment under the plan during a year, the amount by which the officer’s pensionable salary exceeds the total annual basic salary for each employment multiplied by the credited service attached to each employment.
The service credited under section 67.1 and, for 1990 and 1991, the service credited under section 67 must not be counted for the purposes of the third paragraph.
2008, c. 25, s. 71; 2009, c. 56, s. 14.