R-9.2, r. 1 - Regulation under the Act respecting the Pension Plan of Peace Officers in Correctional Services

Section 7.17 Disposition versions

2012-09-01

7.17. For the purposes of section 52.1 of the Act, where the pension amounts including supplementary benefits referred to in this Chapter and the additional benefits referred to in Chapter VII.1 exceed the limits authorized under the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)), the amount of the supplementary benefits referred to in this Chapter shall be reduced first.

Where the amount of the supplementary benefits has been reduced pursuant to the first paragraph, the limits referred to in that paragraph, established on the date on which the employee retires and under which the reduction is made, are indexed according to the rate of increase in the Pension Index within the meaning of the Act respecting the Québec Pension Plan (chapter R-9) on 1 January of each year during which those benefits are paid to the employee. The first index adjustment of the amount is made proportionately to the number of days for which the benefit was or would have been paid during the year in which the employee ceased to participate in this plan in relation to the total number of days in that year. The supplementary benefits shall be recomputed in the manner prescribed by this Chapter to take the index adjustment into account.

T.B. 198913, s. 3; T.B. 201440, s. 2.