12.3. For the purposes of section 73.4 of the Act, the sum of the amounts that employees may add to their pensions may not exceed the amount “M” which shall correspond to “M1” or “M2”, whichever is higher, calculated as follows:
M1 = (F × NL × 2.0% × TM) - CRRR
M2 = F × N × (1.1% × TM + $230)
T.B. 195704, s. 1; T.B. 208555, s. 3.