R-10, r. 2 - Regulation under the Act respecting the Government and Public Employees Retirement Plan

Section 38.0.1 Disposition versions

2012-09-01

38.0.1. The amount of the first monthly benefit paid to the pensioner is equal to the amount R in the following formula:

P x 12 x (365 - N) - (P x M) = R, where

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365

P = is the monthly benefit;

N = is the number of days between the beginning of the year of the benefit payment and the date of the beginning of that payment;

M = is the number of complete months in the period between the date of the beginning of the payment of the benefit and the end of the year.

T.B. 202419, s. 9.

This section applies in respect of pension plans that began to be paid after 31 December 1999. (T.B. 202419, s. 32)