41.1 The pension payable to a member on the entitlement date applicable to the member is to be an amount per annum ascertained as follows:
(a) if the member has had not less than 40 years university service—the amount set out in the second column of the table in this subsection opposite to the annual salary that the member was receiving at the date of his or her retirement that is set out in the first column of that table; and
(b) if the member has had less than 40 years but not less than 30 years university service—the amount set out in the second column of the table in this subsection opposite to the annual salary that the member was receiving at the date of his or her retirement that is set out in the first column of that table less an amount equal to 1% of that amount for every year by which the member's service is less than 40 years; and
(c) if the member has had less than 30 years university service - the amount set out in the second column of the table in this subsection opposite to the annual salary that the member was receiving at the date of his or her retirement that is set out in the first column of that table less an amount equal to the total of:
(i) 10% of that amount; and
(ii) 2 1/2 % of that first-mentioned amount for every year by which the member's service is less than 30 years.
Annual salary at entitlement date or date on which appointment terminated
Annual pension $
2,900 – 3,300
2,180
3,301 – 3,700
2,460
3,701 – 4,000
2,730
4,001 – 4,600
3,000
Annual salary at entitlement date or date on which appointment terminated
Annual pension $
4,601 – 5,200
3,460
5,201 – 5,800
3,820
5,801 – 6,400
4,280
6,401 – 7,000
4,640
7,001 – 7,800
5,090
7,801 – 8,600
5,640
8,601 – 9,400
6,100
9,401 – 10,200
6,550
10,201 – 11,000
7,070
11,001 – 11,800
7,460
11,801 – 12,600
7,920
12,601 – 13,400
8,280
13,401 – 14,200
8,740
14,201 – 15,000
9,190
15,001 – 15,800
9,650
15,801 – 16,600
10,100
16,601 – 17,400
10,560
17,401 – 18,200
11,010
18,201 – 19,000
11,470
19,001 – 19,800
11,920
19,801 – 20,600
12,380
20,601 – 21,400
12,830
21,401 – 22,200
13,190
22,201 – 23,000
13,650
23,001 – 23,800
14,100
23,801 – 24,600
14,560
24,601 – 25,400
15,010
25,401 – 26,200
15,470
26,201 – 27,000
15,920
27,001 – 27,800
16,380
27,801 – 28,600
16,830
28,601 – 29,400
17,290
29,401 – 30,200
17,740
30,201 – 31,000
18,200
31,001 – 31,800
18,650
31,801 – 32,600
19,110
32,601 – 33,400
19,560
33,401 – 34,200
20,020
34,201 – 35,000
20,470
35,001 – 35,800
20,930
35,801 – 36,600
21,380
36,601 – 37,400
21,840
37,401 – 38,200
22,290
38,201 – 39,000
22,750
39,001 – 39,800
23,200
39,801 – 40,600
23,660
40,601 – 41,400
24,220
41,401 – 42,200
24,470
42,201 – 43,000
25,050
Annual salary at entitlement date or date on which appointment terminated
Annual pension $
43,001 – 43,800
25,480
43,801 – 44,600
25,930
44,601 – 45,400
26,390
45,401 – 46,200
26,840
46,201 – 47,000
27,300
47,001 – 47,800
27,750
47,801 – 48,600
28,210
48,601 – 49,400
28,660
49,401 – 50,200
29,120
50,201 – 51,000
29,570
51,001 – 51,800
30,030
51,801 – 52,600
30,480
52,601 – 53,400
30,940
53,401 – 54,200
31,390
54,201 – 55,000
31,850
55,001 – 55,800
32,300
55,801 – 56,600
32,760
56,601 – 57,400
33,210
57,401 – 58,200
33,670
58,201 – 59,000
34,120
59,001 – 59,800
34,580
59,801 – 60,600
35,030
60,601 – 61,400
35,490
61,401 – 62,200
35,940
62,201 – 63,000
36,400
63,001 – 63,800
36,850
63,801 – 64,600
37,310
64,601 – 65,400
37,760
65,401 – 66,200
38,220
66,201 – 67,000
38,670
67,001 – 67,800
39,130
67,801 – 68,600
39,580
68,601 – 69,400
40,040
69,401 – 70,200
40,490
41.2 Subject to subsection 41.3, a member whose salary is increased during the period of 12 months immediately preceding the entitlement date applicable to the member and who thereby becomes eligible to receive a higher rate of pension at that date must, before pension at the rate applicable to that higher salary becomes payable to the member, pay an amount equal to the amount of contributions that he or she would have had to pay the Fund if he or she had been in receipt of that higher salary for the whole of the period of 12 months immediately preceding that date.
41.3 If:
(a) after, but as from a date before, the entitlement date applicable to a member; or
(b) after, but as from a date before, the entitlement date applicable to a former member in receipt of a pension under this Part who retired on or after that entitlement date,
his or her salary is increased the member would, if that date had not been reached, have become eligible to receive a higher rate of pension at that date, he or she is entitled, subject to subsection 41.4, to be paid a pension at that higher rate from the entitlement date or the date on which he or she retires or retired, as the case requires.
41.4 A member or a former member is not entitled to receive a pension under subsection 41.3 unless the member pays an amount equal to the amount of the contributions to the Fund that he or she would have had to pay if he or she had been in receipt of that higher rate of salary for the whole of the period of 12 months immediately preceding the entitlement date applicable to the member or former member.
41.5 If:
(a) a member referred to in subsection 41.2 dies before attaining the entitlement date applicable to the member; or
(b) a member or former member referred to in subsection 41.3 dies before the date on which an increase in salary, that would have been applicable to the member or former member, is made,
pension at the rate applicable to the higher rate of salary payable to, or that would have been payable to, the member or former member is payable in respect of the member or former member without payment of the contributions or further payment of the contributions referred to in whichever of subsections 41.2 or 41.4 is applicable.
41.6 If:
(a) a member dies before attaining the entitlement date applicable to the member;
(b) after, but as from a date before his or her death, an increase in salary that would have been applicable to the member is made; and
(c) the salary that he or she would have received as so increased would have made the member eligible to receive a higher rate of pension at the entitlement date applicable to that member,
the pension payable in respect of the former member must be increased as from the date of his or her death to the pension that would have been payable if the former member had been in receipt of that increased salary at the date of his or her death.
41.7 If the appointment of a member to the University is terminated because of invalidity or incapacity, this section applies in relation to the member as if the references in this section, other than in paragraph 41.5(a) and in subsection 41.6, to the entitlement date applicable to the member were references to the date on which the appointment of the member was terminated.