120. The retirement pension of a contributor is a basic monthly amount equal to 25% of his average monthly pensionable earnings, calculated as provided in sections 116.1 to 116.5, for the year in which the retirement pension becomes payable. The amount is adjusted in accordance with sections 120.1 and 120.2.
1965 (1st sess.), c. 24, s. 131; 1983, c. 12, s. 14; 1997, c. 73, s. 44.