10 (1) The amount of an individual’s allowance under section 9 for the calendar year in which the allowance begins is calculated using the formula, (A × B)×(1 – 0.0025 × C) + D in which, “A” equals the lesser of, (a) 2 per cent of the individual’s average annual remuneration, and (b) the defined benefit limit for the year in which the allowance begins; “B” equals the amount of his or her service as a member of the Assembly after 1991 and before June 8, 1995; “C” equals the number of months in the period from the day on which the allowance begins to the day that is the earliest of, (a) the day on which the individual reaches 60 years of age, (b) the day on which the individual would have completed 30 years of service as a member of the Assembly, had the individual remained a member of the Assembly, and (c) the day on which the sum of the individual’s age and his or her years of service as a member of the Assembly would have equalled 80, if the individual had remained a member of the Assembly, and “D” equals, (a) in the case of an individual who was a member of the Assembly on or before January 1, 1992, the annual allowance that would have been payable to him or her under the pre-reform plan for the year, determined in respect of his or her service as a member of the Assembly before 1992 and without increase or indexation as provided in that plan, had the pre-reform plan applied in respect of the individual, and (b) in any other case, nil. 1996, c. 6, Sched. A, s. 10 (1); 1996, c. 29, s. 66 (1). Same (2) The amount of an individual’s allowance for a calendar year subsequent to that in which the allowance begins is calculated using the formula, E × (F/G) + H in which, “E” equals the amount calculated under subsection (1) for the individual, assuming that the value of D in that calculation is nil; “F” equals the average Consumer Price Index for the calendar year; “G” equals the average Consumer Price Index for the calendar year in which the allowance began; and “H” equals, (a) in the case of an individual who was a member of the Assembly on or before January 1, 1992, the annual allowance that would have been payable to him or her under the pre-reform plan for the year, determined in respect of his or her service as a member of the Assembly before 1992, had the pre-reform plan applied in respect of the individual, and (b) in any other case, nil. 1996, c. 6, Sched. A, s. 10 (2); 1996, c. 29, s. 66 (2). Average annual remuneration (3) For the purposes of “A” in subsection (1), the individual’s average annual remuneration is 12 times the average monthly indexed remuneration for the period of service as a member of the Assembly. Same (4) Despite subsection (3), if the individual has more than three non-overlapping periods of 12 consecutive months of service as a member of the Assembly, his or her average annual remuneration is one-third of the greatest of all amounts each of which is the sum of indexed remuneration for each of the months in any three of the periods. Monthly indexed remuneration (5) Indexed remuneration of an individual for a month is the remuneration for the month multiplied by the ratio of A to B where, “A” equals the average wage for the later of 1986 and the calendar year in which the allowance begins to be paid to the individual; and “B” equals the average wage for the later of 1986 and the calendar year in which the remuneration is paid. Definitions (6) For the purposes of this section, “average wage” means average wage as defined in subsection 147.1 (1) of the Income Tax Act (Canada); (“salaire moyen”) “defined benefit limit” means defined benefit limit as defined in subsection 8500 (1) of the Income Tax Regulations (Canada). (“plafond des prestations déterminées”)  1996, c. 6, Sched. A, s. 10 (3-6). Section Amendments with date in force (d/m/y) 1996, c. 29, s. 66 (1, 2) - 9/12/1996