27. A pension is granted under this plan to every person 60 years of age or over who ceased to be a member of the council of a municipality provided he has two years of service to his credit.
Where such a person is 50 years of age or over, he is entitled to receive a pension reduced, for its duration, by 0.25% for each month comprised between the date on which the pension is granted and his sixtieth birthday.
1988, c. 85, s. 27; 1991, c. 78, s. 4.