51. An employee who ceases to be a member of this plan when the employee is not eligible for a pension is entitled, except if section 21 applies, to a deferred pension if the employee has at least two years of service.
The deferred annuity is cancelled if the person transfers their years and parts of a year of service to the Pension Plan of Management Personnel, the Pension Plan of Peace Officers in Correctional Services or the Pension Plan of Certain Teachers, or if the employee avails themself of a transfer agreement applicable to this plan entered into in accordance with section 158, or if the employee dies before the deferred annuity becomes payable. In this latter case, section 46.1 applies.
1973, c. 12, s. 44; 1974, c. 9, s. 9; 1983, c. 24, s. 1; 1987, c. 47, s. 28; 1987, c. 107, s. 173; 1988, c. 82, s. 23; 1990, c. 5, s. 26; 1990, c. 87, s. 44; 1993, c. 41, s. 11; 1995, c. 70, s. 30; 2001, c. 31, s. 278; 2022, c. 222022, c. 22, s. 28822.