241. The amount of an annual pension paid under this Part is adjusted each year by indexation in the manner provided in section 119 of the Act respecting the Québec Pension Plan (chapter R-9) for the adjustment of the benefits payable under the said act, so that the amount payable for a month in any year following the first is equal to the product obtained by multiplying the amount that would have been otherwise payable for that month by the ratio that the Pension Index for that following year bears to the Pension Index for the year preceding that following year.
A deferred annuity is adjusted by indexation in the manner provided for in the first paragraph, but this adjustment only applies from 1 January following the seventieth birthday of the judge.