17. The pensionable salary of a participant is the remuneration paid to him in each of his years of credited service in respect of any function exercised by him as a member of the council of a municipality, a mandatary body of the municipality or a supramunicipal body.
However, the pensionable salary of a participant in a calendar year shall not exceed the salary required to arrive at the defined benefit limit applicable for each year under the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement).
Where less than one year of service is credited to a participant in a calendar year, his pensionable salary shall not exceed the amount obtained by multiplying the amount referred to in the second paragraph in respect of that year by the service credited for that year.
Sums of money received as expense allowances shall be excluded from the pensionable salary.
1988, c. 85, s. 17; 1991, c. 78, s. 2.