R-9 - Act respecting the Québec Pension Plan

Section 117 Disposition versions

1998-01-01

117. The Pension Index for the year 1967 is the average of the Consumer Price Index for Canada, published by Statistics Canada under the authority of the Statistics Act (Revised Statutes of Canada, 1985, chapter S-19), for each month in the 12-month period ending 30 June 1966.

The Pension Index for each of the years 1968 to 1973 shall be equal to the lesser of either

(a)  for the years 1968 to 1972, 1.02 times the Pension Index for the preceding year, and

(b)  for the year 1973, 1.03 times the Pension Index for the preceding year,

or the average of the Consumer Price Index for Canada for each month in the 12-month period ending 30 June in the preceding year.

The Pension Index for the year 1974 shall be computed, in prescribed manner, as the average of the Consumer Price Index for Canada for each month in the 16-month period ending 31 October 1973.

The Pension Index for the year 1975 and each subsequent year shall be computed, in prescribed manner, as the average of the Consumer Price Index for Canada for each month in the 12-month period ending 31 October in the preceding year.

However, the Pension Index for a year is, in the following circumstances, equal to the Pension Index for the preceding year

(a)  for any year prior to 1998, if the result of the calculation provided for in this section is less than 1.01 times the Pension Index for the preceding year;

(b)  from the year 1998, if the result of the calculation provided for in this section is less than the Pension Index for the preceding year.

1973, c. 16, s. 7; 1997, c. 73, s. 43.

1988-12-12

117. The Pension Index for the year 1967 is the average of the Consumer Price Index for Canada, published by Statistics Canada under the authority of the Statistics Act (Revised Statutes of Canada, 1985, chapter S-19), for each month in the twelve-month period ending June 30 1966.

The Pension Index for each of the years 1968 to 1973 shall be equal to the lesser of either

(a)  for the years 1968 to 1972, 1.02 times the Pension Index for the preceding year, and

(b)  for the year 1973, 1.03 times the Pension Index for the preceding year,

or the average of the Consumer Price Index for Canada for each month in the twelve-month period ending June 30 in the preceding year.

The Pension Index for the year 1974 shall be computed, in prescribed manner, as the average of the Consumer Price Index for Canada for each month in the sixteen-month period ending October 31 1973.

The Pension Index for the year 1975 and each subsequent year shall be computed, in prescribed manner, as the average of the Consumer Price Index for Canada for each month in the twelve-month period ending October 31 in the preceding year.

Nevertheless, for any year for which the computation contemplated in this section yields a Pension Index less than 1.01 times that for the preceding year, the Pension Index shall be taken to be the Pension Index for the preceding year.

1973, c. 16, s. 7.

1977-12-31

117. The Pension Index for the year 1967 is the average of the Consumer Price Index for Canada, published by Statistics Canada under the authority of the Statistics Act (Statutes of Canada, 1970-71-72, chapter 15), for each month in the twelve-month period ending June 30 1966.

The Pension Index for each of the years 1968 to 1973 shall be equal to the lesser of either

(a)  for the years 1968 to 1972, 1.02 times the Pension Index for the preceding year, and

(b)  for the year 1973, 1.03 times the Pension Index for the preceding year,

or the average of the Consumer Price Index for Canada for each month in the twelve-month period ending June 30 in the preceding year.

The Pension Index for the year 1974 shall be computed, in prescribed manner, as the average of the Consumer Price Index for Canada for each month in the sixteen-month period ending October 31 1973.

The Pension Index for the year 1975 and each subsequent year shall be computed, in prescribed manner, as the average of the Consumer Price Index for Canada for each month in the twelve-month period ending October 31 in the preceding year.

Nevertheless, for any year for which the computation contemplated in this section yields a Pension Index less than 1.01 times that for the preceding year, the Pension Index shall be taken to be the Pension Index for the preceding year.

1973, c. 16, s. 7.