37. A participant who has less than eight years of prior service which may be the object of a transfer according to section 35 may effect, up to that period of eight years, the redemption, in accordance with section 34, of any period, expressed in years, during which, prior to 1 January 1972, he was a member of the council of the municipality while no pension plan for the members of the council existed in such municipality.
He may in addition redeem any period during which, between 1 January 1972 and the date when his participation becomes effective, he was a member of the council and which was not the subject of a transfer according to section 35, if, however, the municipality joined the general plan before 31 December 1977.
1974, c. 48, s. 37; 1978, c. 60, s. 9.