79. The Commission, upon the application of a beneficiary other than a beneficiary contemplated in section 60, may, at any time after the pension becomes payable, make cash payment of the actuarial value, computed in accordance with the standards established by regulation, of all benefits of the plan and of that granted under Division III of the Act respecting pension coverage for certain teachers (1978, chapter 16), if the aggregate amount of the benefits does not exceed $700 annually.
The amount of $700 is, at the time prescribed under section 119 of the Act respecting the Québec Pension Plan (chapter R-9), indexed annually by the rate of increase in the Pension Index established by the said Act.
1973, c. 12, s. 69; 1974, c. 9, s. 16; 1982, c. 51, s. 27; 1983, c. 24, s. 1.