16. One year of service or part of a year of service is credited to the teacher, for each calendar year, for the service accomplished if the contributions have been paid and not reimbursed, and for the service that is otherwise credited to him under the provisions of the plan. The same applies to a teacher who has at least 35 years of credited service, without his having to pay contributions.
Service is credited according to the number of days and parts of days for which the teacher contributed and was exempt and the days and parts of days otherwise credited to him out of the number of pensionable days in a year, that is 200 or 260, according to the basis of remuneration. If, in the total number of days and parts of days there remains part of a day that is less than 0.5, the fraction is disregarded or, if the fraction is greater than or equal to 0.5, it is considered a full day.
1977, c. 23, s. 13; 1983, c. 24, s. 2; 1991, c. 77, s. 70; 1997, c. 50, s. 62.