40.A person who has not attained 65 years of age before 26 June 1986 and who has transferred his years and parts of a year of service credited under the Government and Public Employees Retirement Plan, the Teachers Pension Plan or the Civil Service Superannuation Plan, to a body with which an agreement was entered into under section 158 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10), and who is contemplated in section 3, is entitled to receive, for life, from the age of 65, an amount equal, for each of his years and parts of a year of teaching, within the meaning of the second paragraph of section 20, that have not been transferred, to 1.6% of $14,000.