10(1)A member who has to his or her credit eight or more sessions of pensionable service and ceases to be a member is entitled, upon attaining sixty years of age or at such later time at which the member ceases to be a member, to an annual pension in the amount determined under subsection (2).

10(2)The amount of the annual pension payable to a person under subsection (1) shall be determined by multiplying two per cent of the average indemnity received by the person as a member, during or in respect of the three successive sessions during or for which his or her indemnity was the highest, by the number of sessions of pensionable service to his or her credit as a member.

10(3)Despite subsection (1), a member who has to his or her credit eight or more sessions of pensionable service and who ceased to be a member before April 1, 2008, is entitled, before attaining sixty years of age, to an annual pension in the amount determined under subsection (4), if he or she elects to receive an annual pension in that amount.

10(3.1)Despite subsection (1), a member who has to his or her credit eight or more sessions of pensionable service and who ceases to be a member on or after April 1, 2008, is entitled, on or after attaining fifty-five years of age and before attaining sixty years of age, to an annual pension in the amount determined under subsection (4), if he or she elects to receive an annual pension in that amount.

10(4)The amount of the annual pension payable to a person under subsection (3) or (3.1) shall be the amount that would be payable under subsection (1) if the annual pension had not commenced until the person had attained sixty years of age, reduced by five-twelfths of one per cent for each month by which the commencement date of the annual pension precedes the person’s sixtieth birthday.

10(5)An election under subsection (3) or (3.1)

10(6)An annual pension under subsection (3) or (3.1) is payable in lieu of an annual pension under subsection (1) and a person who elects to receive an annual pension under subsection (3) or (3.1) is not entitled to an annual pension under subsection (1) upon attaining sixty years of age or at any later time.

10(1)A member who has to his or her credit eight or more sessions of pensionable service and ceases to be a member is entitled, upon attaining sixty years of age or at such later time at which the member ceases to be a member, to an annual pension in the amount determined under subsection (2).

10(2)The amount of the annual pension payable to a person under subsection (1) shall be determined by multiplying two per cent of the average indemnity received by the person as a member, during or in respect of the three successive sessions during or for which his or her indemnity was the highest, by the number of sessions of pensionable service to his or her credit as a member.

10(3)Despite subsection (1), a member who has to his or her credit eight or more sessions of pensionable service and who ceased to be a member before April 1, 2008, is entitled, before attaining sixty years of age, to an annual pension in the amount determined under subsection (4), if he or she elects to receive an annual pension in that amount.

10(3.1)Despite subsection (1), a member who has to his or her credit eight or more sessions of pensionable service and who ceases to be a member on or after April 1, 2008, is entitled, on or after attaining fifty-five years of age and before attaining sixty years of age, to an annual pension in the amount determined under subsection (4), if he or she elects to receive an annual pension in that amount.

10(4)The amount of the annual pension payable to a person under subsection (3) or (3.1) shall be the amount that would be payable under subsection (1) if the annual pension had not commenced until the person had attained sixty years of age, reduced by five-twelfths of one per cent for each month by which the commencement date of the annual pension precedes the person’s sixtieth birthday.

10(5)An election under subsection (3) or (3.1)

10(6)An annual pension under subsection (3) or (3.1) is payable in lieu of an annual pension under subsection (1) and a person who elects to receive an annual pension under subsection (3) or (3.1) is not entitled to an annual pension under subsection (1) upon attaining sixty years of age or at any later time.

10(1)A member who has to his or her credit eight or more sessions of pensionable service and ceases to be a member is entitled, upon attaining sixty years of age or at such later time at which the member ceases to be a member, to an annual pension in the amount determined under subsection (2).

10(2)The amount of the annual pension payable to a person under subsection (1) shall be determined by multiplying two per cent of the average indemnity received by the person as a member, during or in respect of the three successive sessions during or for which his or her indemnity was the highest, by the number of sessions of pensionable service to his or her credit as a member.

10(3)Notwithstanding subsection (1), a member who has to his or her credit eight or more sessions of pensionable service and who ceases to be a member before attaining sixty years of age is entitled to an annual pension in the amount determined under subsection (4), if he or she elects, after ceasing to be a member, to receive an annual pension in that amount.

10(4)The amount of the annual pension payable to a person under subsection (3) shall be the amount that would be payable under subsection (1) if the annual pension had not commenced until the person had attained sixty years of age, reduced by five-twelfths of one per cent for each month by which the commencement date of the annual pension precedes the person’s sixtieth birthday.

10(5)An election under subsection (3)

10(6)An annual pension under subsection (3) is payable in lieu of an annual pension under subsection (1) and a person who elects to receive an annual pension under subsection (3) is not entitled to an annual pension under subsection (1) upon attaining sixty years of age or at any later time.