64. The first indexing of a pension, except that of a deferred pension, is made proportionately(1) to the number of days for which the pension was or would have been paid during the year in which the teacher ceased to participate in this plan in relation to the total number of days in that year;
(2) as the case may be, to the number of days for which the pension was or would have been paid during the year of the teacher’s death, in relation to the total number of days in that year.
In the case of a deferred pension, the first indexing is made proportionately to the number of days for which the pension was paid or would have been paid during the year in which the teacher retired in relation to the total number of days in that year.
1983, c. 24, s. 2; 1997, c. 50, s. 74.