R-10, r. 5 - Regulation respecting certain temporary measures prescribed by Title IV of the Act respecting the Government and Public Employees Retirement Plan

Section 11 Disposition versions

2012-09-01

11. For the purposes of the second paragraph of section 203 of the Act, the reduction is calculated by application of the following table:

Months between the date % of reduction of the

of retirement and the date sum of the annual

when the person will be 65 amounts added

0 0.000

12 10.569

24 20.990

36 30.029

48 37.896

60 44.764

72 50.778

84 56.059

96 60.707

108 64.810

120 68.438

132 71.655

144 74.511

156 77.053

168 79.319

180 81.341

In addition to the reduction provided for in the first paragraph, the sum of the annual amounts that a person may cause to be added to his pension pursuant to the first paragraph of section 203 of the Act is also reduced, where applicable, so as not to exceed the amount “M” in the following formula:

(100% - A) x (P - R) = M

A

“A” represents the percentage of reduction of the sum of the annual amounts added applicable under the first paragraph;

“P” represents the amount of the pension and the amount that, where applicable, is added thereto pursuant to section 85.7 of the Act, as well as the amount of pension credit, on the date of retirement;

“R” represents the amount calculated pursuant to section 39 of the Act, section 38 of the Act respecting the Teachers Pension Plan (chapter R-11) or section 63.3 of the Act respecting the Civil Service Superannuation Plan (chapter R-12), as the case may be.

O.C. 1863-83, s. 11; O.C. 1617-93, s. 2.