R-12.1, r. 1 - Regulation under the Act respecting the Pension Plan of Management Personnel

Section 8 Disposition versions

2012-09-01

8. The amount added to an employee’s pension corresponds to the sum of the following amounts:

(1)  the amount “MO” that corresponds to the lesser of “MO 1” and “MO 2” in the following formulas:

i.  MO 1 = [N L x [(F x 2.0% x TM) - (0.7% x (the lesser of TM and MGA))]]- CR RR

ii.  MO 2 = F x N x 1.1% x TM

(2)  an amount equal to the difference between the amount “M” determined in section 7 and the amount “MO” determined in paragraph 1, if the employee is under 65 years of age when the pension becomes payable. The amount is paid until the end of the month in which the pensioner reaches 65 years of age.

T.B. 202420, s. 8.