R-11 - Act respecting the Teachers Pension Plan

Section 34 Disposition versions

2010-01-01

34. (Repealed).

1973, c. 12, s. 201; 1977, c. 23, s. 23; 1983, c. 24, s. 2; 1991, c. 77, s. 76; 1997, c. 50, s. 66; 2008, c. 25, s. 60.

1997-07-01

34. The annual amount of the teacher’s pension is equal, on the date on which he ceases to participate in the plan, to the total of the following amounts:

(1)  the amount obtained by multiplying the average pensionable salary obtained pursuant to the first paragraph of section 35 by 2% per year of service credited before 1 January 1992;

(2)  the amount obtained by multiplying the average pensionable salary obtained pursuant to the second paragraph of section 35 by 2% per year of service credited after 31 December 1991.

For the purposes of the first paragraph, the teacher’s years of credited service shall be taken into consideration up to 35 years.

1973, c. 12, s. 201; 1977, c. 23, s. 23; 1983, c. 24, s. 2; 1991, c. 77, s. 76; 1997, c. 50, s. 66.

1994-03-01

34. The annual amount of the teacher’s pension is equal to the total of the following amounts:

(1)  the amount obtained by multiplying the teacher’s average pensionable salary by 2 % per year of service credited before 1 January 1992;

(2)  the amount obtained by multiplying the average pensionable salary by 2 % per year of service credited after 31 December 1991. However, this amount shall not exceed the amount obtained by adding the following amounts:

(a)  the amount obtained by multiplying the defined benefit limit applicable under the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement) for the year in which he retires by the number of years of credited service subsequent to 31 December 1991;

(b)  the amount obtained in computing the reduction as in section 38 taking into account only the years of credited service subsequent to 31 December 1991.

For the purposes of the first paragraph, the teacher’s years of credited service shall be taken into consideration up to 35 years.

1973, c. 12, s. 201; 1977, c. 23, s. 23; 1983, c. 24, s. 2; 1991, c. 77, s. 76.

1992-01-01

34. The annual amount of the teacher’s pension is equal to the total of the following amounts:

(1)  the amount obtained by multiplying the teacher’s average pensionable salary by 2 % per year of service credited before 1 January 1992;

(2)  the amount obtained by multiplying the average pensionable salary by 2 % per year of service credited after 31 December 1991. However, this amount shall not exceed the amount obtained by adding the following amounts:

(a)  the amount obtained by multiplying the defined benefit limit applicable under the Income Tax Act (Statutes of Canada) for the year in which he retires by the number of years of credited service subsequent to 31 December 1991;

(b)  the amount obtained in computing the reduction as in section 38 taking into account only the years of credited service subsequent to 31 December 1991.

For the purposes of the first paragraph, the teacher’s years of credited service shall be taken into consideration up to 35 years.

1973, c. 12, s. 201; 1977, c. 23, s. 23; 1983, c. 24, s. 2; 1991, c. 77, s. 76.

1983-07-01

34. The annual amount of the teacher’s pension is equal to the average pensionable salary multiplied by 2% per year of service credited, up to 35 years.

1973, c. 12, s. 201; 1977, c. 23, s. 23; 1983, c. 24, s. 2.

1977-12-31

34. From July 1 1973, the employer shall remit or cause to be remitted to the Commission the amount of the deductions for the previous month not later than the 15th of each month.

Every employer who does not collect such contributions shall become indebted for them to the Commission and is liable to a penalty equal to 10% of such contributions.

Such contributions shall be paid into the consolidated revenue fund each month by the Commission.

1973, c. 12, s. 201; 1977, c. 23, s. 23.