R-9.2, r. 3 - Regulation respecting the partition and assignment of benefits accrued under the Pension Plan of Peace Officers in Correctional Services

Section 18 Disposition versions

2019-01-01

18. For the purposes of section 16, the deferred pension amount or pension credit amount that would be obtained on the basis of the sums awarded to the spouse at the date of assessment shall be established according to the actuarial method and assumptions provided for in section 8 and its value shall be determined, where applicable, in accordance with that section.

If the pensioner is under 65 years of age on the date on which the annual pension becomes payable or on the date of payment if the pension is being paid at that date, the deferred pension amount or pension credit amount obtained pursuant to the first paragraph shall be reduced by 0.50% per month, calculated for each month between the date on which that deferred pension amount or pension credit amount begins to apply and the date of his 65th birthday, without exceeding 90%.

If the pensioner is 65 years of age or over on the date on which the annual pension becomes payable or on the date of payment if the pension is being paid at that date, the deferred pension amount or pension credit amount obtained pursuant to the first paragraph shall be increased by 0.75% per month, calculated for each month between the date of his 65th birthday and the date on which that deferred pension amount or pension credit amount begins to apply.

O.C. 839-91, s. 18; T.B. 220172, s. 15.

2012-09-01

18. For the purposes of section 16, the amount of deferred pension that would be obtained on the basis of the sums awarded to the spouse at the date of assessment shall be established according to the actuarial method and assumptions provided for in section 8 and its value shall be determined, where applicable, in accordance with that section.

If the pensioner is under 65 years of age on the date on which the annual pension becomes payable or on the date of payment if the pension is being paid at that date, the amount of deferred pension obtained pursuant to the first paragraph shall be reduced by 0.50% per month, calculated for each month between the date on which that amount of deferred pension begins to apply and the date of his 65th birthday, without exceeding 90%.

If the pensioner is 65 years of age or over on the date on which the annual pension becomes payable or on the date of payment if the pension is being paid at that date, the amount of deferred pension obtained pursuant to the first paragraph shall be increased by 0.75% per month, calculated for each month between the date of his 65th birthday and the date on which that amount of deferred pension begins to apply.

O.C. 839-91, s. 18.