R-11, r. 2 - Regulation respecting the partition and assignment of benefits accrued under the Teachers Pension Plan

Section 20 Disposition versions

2012-09-01

20. For the purposes of sections 17 and 19, the amount of pension or pension credit that would be obtained on the basis of the sums awarded to the spouse at the date of assessment shall be established at that date according to the actuarial method and assumptions provided for in section 8. That amount is presumed applicable at the date of the teacher’s or former teacher’s 60th birthday, in the case of a woman, or at the date of the teacher’s or former teacher’s 65th birthday, in the case of a man.

If the amount of pension or pension credit obtained pursuant to the first paragraph begins to apply before the date of the pensioner’s 65th birthday, it shall be reduced by 0.50% per month, calculated for each month between the date on which that amount of pension or pension credit begins to apply and the date of the pensioner’s 65th birthday, without exceeding 65%.

If the pensioner retired before the date of payment and if that date occurs after the date of the pensioner’s 65th birthday, the amount of pension obtained pursuant to the first paragraph shall be increased by 0.50% per month, calculated for each month between the date of the pensioner’s 65th birthday and the date on which that amount of pension begins to apply, if the pensioner retired before the date of his or her 65th birthday, or for each month between the date on which the pensioner retired and the date on which that amount of pension begins to apply, if the pensioner retired on the date of his or her 65th birthday or thereafter.

If the amount of pension credit obtained pursuant to the first paragraph begins to apply after the determined date but before the date of the pensioner’s 65th birthday, it shall be increased by 0.50% per month, calculated for each month between the determined date and the date on which that amount of pension credit begins to apply.

If the amount of pension credit obtained pursuant to the first paragraph begins to apply on the date of the pensioner’s 65th birthday or thereafter, it shall be increased by 0.50% per month, calculated for each month between the determined date and the date of the pensioner’s 65th birthday and 0.75% per month, calculated for each month between the latter date and the date on which that amount of pension credit begins to apply.

The second and third paragraphs also apply to a female pensioner, with “60” and “60th birthday” substituted for “65” and “65th birthday”, respectively.

T.B. 176506, s. 20; T.B. 187712, s. 13; T.B. 192649, s. 5; T.B. 198512, s. 7.