R-16, r. 3 - Regulation respecting terms and conditions for computing pensions of mayors and councillors

Section 2 Disposition versions

2012-09-01

2. The pension payable under the general plan is determined by means of the sum accrued on the date of computing the pension by dividing that sum by the value of annuity at the age of the participant in years and months completed on the date of computing the pension according to the following hypotheses:

(a)  effective from the date of computation of the pension, the interest applicable to the accrued sum is credited for a period of 10 years at a rate of 11% per year and at a rate of 6% per year for the following years;

(b)  the death rates are those in Table “GA-51, projected 30 years in accordance with method C”, with a recession of 5 years for women.

R.R.Q., 1981, c. R-16, r. 6, s. 2; O.C. 615-2002, s. 1.