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

Section 80.2 Disposition versions

2001-12-20

80.2. No benefit resulting from the redemption under this plan of years or parts of years of prior service may exceed the applicable limits in respect of such years or parts of years under the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement).

For the purposes of the first paragraph, the limit applicable to the pensionable salary for the purpose of establishing the cost of redemption, the limit applicable to the service that may be credited, and the rules and procedures for computing that part of the pension which relates to the years or parts of years redeemed, may be established by regulation of the Government.

2001, c. 68, s. 93.