S-2.1.1 - Act to foster the financial health and sustainability of municipal defined benefit pension plans

Section 13 Disposition versions

2014-12-05

13. No pension plan may provide for automatic indexation of pensions. However, an ad hoc indexation may be provided for in the event that surplus assets defined in the second paragraph of section 19 are identified in an actuarial valuation subsequent to that of 31 December 2013.

Any indexation used to calculate the deferred pension or the normal pension is not subject to the first paragraph.

2014, c. 15, s. 13.