R-12.1 - Act respecting the Pension Plan of Management Personnel

Section 116 Disposition versions

2001-06-21

116. The first adjustment of any pension resulting from indexing, 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 employee ceased to be a member of this plan in relation to the total number of days in that year ; and

(2)  in the case of a pension granted to the spouse where the employee was eligible for a pension at the time of death, to the number of days for which the pension was or would have been paid during the year of death, in relation to the total number of days in that year.

In the case of a deferred pension, the adjustment on 1 January following the date on which the employee reaches 65 years of age is made proportionately to the number of days for which the pension was paid or would have been paid in the year in which the employee retired in relation to the total number of days in that year.

2001, c. 31, s. 116.