Acts and Regulations

M-8 - Members Superannuation Act

Full text
Right of member to annual pension
22.1(1)Despite the definition of “annual pension” in subsection 1(1), a person who ceases to be a member on or after April 1, 2008, and who has to his or her credit at least ten sessions of pensionable service is entitled to an annual pension calculated in accordance with subsection (2).
22.1(2)The annual pension referred to subsection (1) is equal to 3% of the average indemnity received by a member during or in respect of the period of three successive sessions during which his or her indemnity was highest, multiplied by the number of sessions of pensionable service to his or her credit, but, the pension shall not exceed the indemnity in effect at the time he or she ceases to be a member.
2011, c.35, s.20
Right of member to annual pension
22.1(1)Despite the definition of “annual pension” in subsection 1(1), a person who ceases to be a member on or after April 1, 2008, and who has to his or her credit at least ten sessions of pensionable service is entitled to an annual pension calculated in accordance with subsection (2).
22.1(2)The annual pension referred to subsection (1) is equal to 3% of the average indemnity received by a member during or in respect of the period of three successive sessions during which his or her indemnity was highest, multiplied by the number of sessions of pensionable service to his or her credit, but, the pension shall not exceed the indemnity in effect at the time he or she ceases to be a member.
2011, c.35, s.20