R-10, r. 11 - Regulation respecting pension credits obtained pursuant to sections 101 and 158 of the Act respecting the Government and Public Employees Retirement Plan

Section 7 Disposition versions

2012-09-01

7. With regards to the employee referred to in section 5, the increase provided for in section 5 may not have the effect of increasing the pension credit, on the date he retires, to a greater amount:

(1)  for the life annuity part of the pension credit, the amount “MO” resulting from the following formula

MO = maximum [F × N × 2% × TM - (0.7% × N × minimum (MGA; TM)) - A1.1; CR]; and

(2)  for the temporary annuity part of the pension credit, the amount resulting from the formula “M - MO” where:

M = maximum [F × N × 2% × TM - A1.1 - B230; CR].

Where applicable, the amount of the increase is reduced in order for the life and temporary annuity parts of the pension credit to be equal to the amounts established in subparagraph 1 or 2 of the first paragraph.

T.B. 197198, s. 7.