25. A Member is entitled each year to a pension credit equal to 1.75% of the annual indemnity on which he paid or, as the case may be, is deemed to have paid contributions, without exceeding a period equivalent to 25 years.
A pension credit computed in accordance with the first paragraph shall be granted to a person who is a Member on 1 January 1992 for each year or part of a year during which he paid contributions to the plan before 1 January 1992 and each year or part of a year credited to him under the plan before that date. Such pension credit replaces, in respect of each of those years and parts of a year, the pension credit granted to the Member before 1 January 1992.
1982, c. 66, s. 25; 1987, c. 109, s. 3; 1992, c. 9, s. 2.