R-9 - Act respecting the Québec Pension Plan

Section 120.3 Disposition versions

2018-02-22

120.3. When, for a year subsequent to 2007, a contributor’s unadjusted pensionable earnings relate to months subsequent to the end of his base contributory period, first additional contributory period or second additional contributory period, within the meaning of subparagraph a or b of the second paragraph of section 101, subject to section 120.4, the contributor is entitled to an additional pension from 1 January of the following year. This additional pension is deemed to be a retirement pension. However, section 157.1 does not apply to the payment of the additional pension.

The basic monthly amount of the additional pension is equal to the total of

(a)  1/12 of 0.5% of the amount of the contributor’s total base unadjusted pensionable earnings for the year concerned less the basic exemption. However, for the year in which the contributor’s base contributory period ends under subparagraph a or b of the second paragraph of section 101, the base unadjusted pensionable earnings to be used are those deemed to relate to the months of the year that are subsequent to the end of the contributor’s base contributory period and the basic exemption is multiplied by the proportion that the number of those months bears to 12;

(b)  1/12 of 0.16% of the amount of the contributor’s total first additional unadjusted pensionable earnings for the year concerned less the basic exemption, that amount multiplied by 0.15 for the year 2019, by 0.30 for the year 2020, by 0.50 for the year 2021 or by 0.75 for the year 2022. However, for the year in which the contributor’s first additional contributory period ends under subparagraph a or b of the second paragraph of section 101, the first additional unadjusted pensionable earnings to be used are those deemed to relate to the months of the year that are subsequent to the end of the contributor’s first additional contributory period and the basic exemption is multiplied by the proportion that the number of those months bears to 12; and

(c)  1/12 of 0.66% of the amount of the contributor’s total second additional unadjusted pensionable earnings for the year concerned. However, for the year in which the contributor’s second additional contributory period ends under subparagraph a or b of the second paragraph of section 101, the second additional unadjusted pensionable earnings to be used are those deemed to relate to the months of the year that are subsequent to the end of his second additional contributory period.

2008, c. 21, s. 46; 2011, c. 36, s. 13; 2018, c. 2, s. 68.

2013-01-01

120.3. When, for a year subsequent to 2007, unadjusted pensionable earnings relate to months subsequent to the end of a contributor’s contributory period, within the meaning of subparagraph a or b of the first paragraph of section 101, subject to section 120.4, the contributor is entitled to an additional pension from 1 January of the following year. This additional pension is deemed to be a retirement pension. However, section 157.1 does not apply to the payment of the additional pension.

The initial monthly amount of the additional pension is equal to 1/12 of 0.5% of the amount of the contributor’s total unadjusted pensionable earnings for the year concerned, minus the basic exemption. However, for the year during which the contributor’s contributory period ends under subparagraph a or b of the first paragraph of section 101, the unadjusted pensionable earnings to be used are those deemed to be related to the months of the year that are subsequent to the end of the contributor’s contributory period and the basic exemption is multiplied by the proportion that the number of those months bears to 12.

2008, c. 21, s. 46; 2011, c. 36, s. 13.

2008-06-20

120.3. When, for a year subsequent to 2007, unadjusted pensionable earnings relate to months subsequent to the end of a contributor’s contributory period, within the meaning of subparagraph a or b of the first paragraph of section 101, the contributor is entitled to an additional pension from 1 January of the following year. This additional pension is deemed to be a retirement pension. However, section 157.1 does not apply to the payment of the additional pension.

The initial monthly amount of the additional pension is equal to 1/12 of 0.5% of the amount of the contributor’s total unadjusted pensionable earnings for the year concerned, minus the basic exemption. However, for the year during which the contributor’s contributory period ends under subparagraph a or b of the first paragraph of section 101, the unadjusted pensionable earnings to be used are those deemed to be related to the months of the year that are subsequent to the end of the contributor’s contributory period and the basic exemption is multiplied by the proportion that the number of those months bears to 12.

2008, c. 21, s. 46.