Adjustment of Pensions Under Payment
21. (1) In this section, the inflation increase for any adjustment year means the percentage increase of the Consumer Price Index for Canada for September of the previous year over the Consumer Price Index for Canada for September of the year which is two years prior to the adjustment year. O. Reg. 775/91, s. 19 (1). (1.1) The following is the inflation adjustment for the adjustment year indicated: 1. For each adjustment year not otherwise specified in this subsection, 70 per cent of the inflation increase for that year 2. For 1999 and subsequent years, 100 per cent of the inflation increase for the applicable year. O. Reg. 591/98, s. 14 (1); O. Reg. 317/99, s. 12. (1.2) The inflation adjustment in excess of 6 per cent in any adjustment year shall be added to the inflation adjustment of the subsequent adjustment year. O. Reg. 775/91, s. 19 (1). (1.3) The inflation adjustment in any adjustment year shall not be less than zero. O. Reg. 775/91, s. 19 (1). (1.4) Revoked: O. Reg. 591/98, s. 14 (2). (2) In this section and for the purposes of subsections 14 (7), (8), 16 (6) and (7), “adjustment year” means a year in which pensions are increased by the inflation adjustment. R.R.O. 1990, Reg. 890, s. 21 (2). (3) Despite the definition of inflation adjustment, the inflation adjustment for the purposes of subsections 14 (7) and (8) shall equal the lesser of the inflation increase for that year and the percentage increase in the monthly average of the average weekly wages and salaries of the Industrial Aggregate in Canada, as published by Statistics Canada, for the same period as the inflation increase is determined. R.R.O. 1990, Reg. 890, s. 21 (3); O. Reg. 775/91, s. 19 (2). (4) The year 1992 and subsequent years shall be considered adjustment years. O. Reg. 775/91, s. 19 (3). (5) The pension payable to a person during his or her lifetime shall be determined in accordance with this Regulation or a predecessor thereof and, (a) where a pension is payable to a person on the 1st day of December of the year prior to an adjustment year in respect of a pension that was being paid on the 1st day of December of the year which is two years prior to that adjustment year, the pension payable to the person on the 1st day of January of that adjustment year shall be increased by the inflation adjustment; and (b) where a person started receiving a pension during the period from the 1st day of January to the 1st day of November of the year prior to an adjustment year and it is not a pension payable to the person in respect of a pension that was being paid on the 1st day of December of the year which is two years prior to that adjustment year to a person who dies after that day, the pension payable to the person on the 1st day of January of the adjustment year shall be multiplied by the factor in Column 2 of the Table opposite the pension’s commencement date in Column 1. TABLE  Column 1

Column 2


Commencement Date of Pension in the Year Prior to an Adjustment Year

Factor


January 1

0.9167


February 1

0.8333


March 1

0.7500


April 1

0.6667


May 1

0.5833


June 1

0.5000


July 1

0.4167


August 1

0.3333


September 1

0.2500


October 1

0.1667


November 1

0.0833 R.R.O. 1990, Reg. 890, s. 21 (5); O. Reg. 783/92, s. 11. (6) In an adjustment year, where a person who would have been entitled to an inflation adjustment under subsection (5) dies before the 1st day of January of that adjustment year, the pension payable in respect of that deceased person to another person or persons on the 1st day of January of that adjustment year shall be increased on that date by the inflation adjustment that would have applied under subsection (5) in respect of the deceased person had he or she not died. R.R.O. 1990, Reg. 890, s. 21 (6). (7) Revoked: O. Reg. 775/91, s. 19 (4).