R-15.1 - Supplemental Pension Plans Act

Section 301 Disposition versions

1999-04-01

301. Notwithstanding section 94, an amount equal to the benefits determined under the Old Age Security Act (Revised Statutes of Canada, 1985, chapter O-9) may serve, in determining the normal pension, to reduce the benefits accumulated by a member in respect of service credited under the plan before 1 January 1990 to the extent provided for in the plan before that date.

In no case may the reduction exceed 1/35 of that amount in respect of any year of service credited to the member.

1989, c. 38, s. 301.