R-9.3 - Act respecting the Pension Plan of Elected Municipal Officers

Section 29 Disposition versions

1992-01-01

29. A pension credit is granted to a participant on 31 December each year or, if he ceases to participate in the plan, on the date of cessation, for each year of credited service.

The pension credit is equal to:

(1)  3.5% of the pensionable salary paid to him in respect of years of service prior to 1 January 1992;

(2)  2% of the pensionable salary paid to him in respect of years of service subsequent to 31 December 1991.

Every pension credit provided for in subparagraph 1 of the second paragraph is reduced, in respect of the year for which it is granted, by 0.7% of that part of the pensionable salary paid by the municipality up to the Maximum Pensionable Earnings within the meaning of the Act respecting the Québec Pension Plan (chapter R-9) for that year.

1988, c. 85, s. 29; 1989, c. 75, s. 4; 1991, c. 78, s. 6.

1989-12-20

29. A pension credit equal to 3.5 % of the pensionable salary paid to a participant is granted to him for each year of credited service.

Such credit shall be granted to the participant on 31 December of each of those years or, where he ceases to participate in the plan, on the date of such cessation.

Every pension credit is reduced, in respect of the year for which it is granted, by 0.7 % of that part of the pensionable salary paid by the municipality up to the Maximum Pensionable Earnings within the meaning of the Act respecting the Québec Pension Plan (chapter R-9) for that year.

1988, c. 85, s. 29; 1989, c. 75, s. 4.

1989-01-01

29. A pension credit equal to 3.5 % of the pensionable salary paid to a participant is granted to him for each year of credited service.

Such credit shall be granted to the participant on 31 December of each of those years or, where he ceases to participate in the plan, on the date of such cessation.

Every pension credit is reduced, in respect of the year for which it is granted, by 0.7 % of the pensionable salary paid up to the Maximum Pensionable Earnings within the meaning of the Act respecting the Québec Pension Plan (chapter R-9) for that year.

1988, c. 85, s. 29.