Acts and Regulations

P-21.1 - Provincial Court Judges’ Pension Act

Section 25
Disposition versions

Full text
Annual adjustments
25(1)In this section
“benefit index” means, for each year, the average of the Consumer Price Index for the twelve month period ending June thirtieth in the year preceding that year, unless the average is less than 1.01 times the benefit index for the preceding year, in which case the benefit index for the year means the benefit index for the preceding year;(indice de prestation)
“Consumer Price Index” means the Consumer Price Index for Canada published under the authority of the Statistics Act (Canada).(indice des prix à la consommation)
25(2)The amount of any benefit payment made under this Act shall be adjusted as of the first day of each year, beginning on January 1, 2000, by multiplying the amount of the benefit payable for the previous year by the ratio that the benefit index for that year bears to the benefit index for the previous year, or 1.05, whichever is the lesser.
25(3)Notwithstanding subsection (2), if the first adjustment under that subsection results in an increase in the amount of a benefit payment, the amount of that increase shall be reduced by multiplying it by a fraction having a denominator of twelve and a numerator equal to the number of months, in the year preceding the year in which the first adjustment is made, that follow the month in which the judge to whom the benefit payment relates, as the case may be,
(a) became disabled and entitled to be paid a disability benefit,
(b) ceased to hold office,
(c) died, or
(d) becomes or would have become sixty-five when subsection 13(1) applies.
Annual adjustments
25(1)In this section
“benefit index” means, for each year, the average of the Consumer Price Index for the twelve month period ending June thirtieth in the year preceding that year, unless the average is less than 1.01 times the benefit index for the preceding year, in which case the benefit index for the year means the benefit index for the preceding year;
“Consumer Price Index” means the Consumer Price Index for Canada published under the authority of the Statistics Act (Canada).
25(2)The amount of any benefit payment made under this Act shall be adjusted as of the first day of each year, beginning on January 1, 2000, by multiplying the amount of the benefit payable for the previous year by the ratio that the benefit index for that year bears to the benefit index for the previous year, or 1.05, whichever is the lesser.
25(3)Notwithstanding subsection (2), if the first adjustment under that subsection results in an increase in the amount of a benefit payment, the amount of that increase shall be reduced by multiplying it by a fraction having a denominator of twelve and a numerator equal to the number of months, in the year preceding the year in which the first adjustment is made, that follow the month in which the judge to whom the benefit payment relates, as the case may be,
(a) became disabled and entitled to be paid a disability benefit,
(b) ceased to hold office,
(c) died, or
(d) becomes or would have become sixty-five when subsection 13(1) applies.