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

Section 116.2 Disposition versions

2017-05-11

116.2. Despite the indexing provided for in section 115, the following pensions are not indexed for the years 2021 to 2026 inclusively:

(1)  the pension of an employee who ceased to be a member of the plan after 31 December 2016 and before 1 July 2019;

(2)  the pension of an employee referred to in the first paragraph of section 9 who ceased to hold pensionable employment under the plan after 31 December 2016 and before 1 July 2019; and

(3)  in the case of a deferred pension, the pension of an employee who retired after 31 December 2016 and before 1 July 2019.

As of 1 January 2027, a pension referred to in the first paragraph is, at the time prescribed under section 119 of the Act respecting the Québec Pension Plan (chapter R-9), indexed annually,

(1)  for the part attributable to service prior to 1 July 1982, by one-half of the rate of increase in the Pension Index determined by that Act;

(2)  for the part attributable to service subsequent to 30 June 1982 but prior to 1 January 2000, by the excess of the rate of increase in the Pension Index over 3%; and

(3)  for the part attributable to service subsequent to 31 December 1999, according to the formula provided in subparagraph 2 of this paragraph or by one-half of the rate of increase in the Pension Index, whichever is more advantageous.

The first and second paragraphs also apply to a pension payable to the spouse of an employee referred to in the first paragraph.

This section applies only to a pension paid in accordance with the second paragraph of section 180.

2017, c. 7, s. 12.