Survivors' Benefits
Octobre 2010 - Section 4

Indexation

Under Part III of the Public Service Superannuation Act, your pension is indexed every January 1^st, to help offset increases in the cost of living.

Your cost of living increases are calculated from the plan member's Date of Retirement. If the plan member had not yet retired at the time of his death, the day after the date of death is considered the retirement date.

If the plan member had not retired or retired in the same year in which he died, the first cost-of-living adjustment the following January 1^st is prorated to take into account only the number of full calendar months for the balance of the previous year, as illustrated in the following example:

Subsequent increases will become payable each January thereafter and will be equal to the full increase authorized for that year.

If the plan member had retired prior to the year in which he died, indexing will be included as soon as your pension becomes payable. The amount will be based on the increase in the cost of living from the Date of retirement to January 1^st of the year in which your pension commences. Subsequent increases each January will be equal to the full increase authorized for that year.

You will be officially notified each time an adjustment is made to your indexing.