Marginal note:Determination of other benefits
15 Benefits, other than those that become payable in a year, are to be determined, for each year to which paragraph 14(2)(a) or (3)(a) or (b) applies and for the first year to which paragraph 14(2)(b) or (3)(c) applies, by multiplying the previous year’s benefits not by the ratio referred to in paragraph 45(2)(b) and subparagraphs 56(2)(c)(ii), 58(1.1)(b)(ii) and 59(c)(ii) of the Act, but by the value determined by the following formula, as the case may be:
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(a) for each year to which paragraph 14(2)(a) or (3)(a) applies,
(1 + S3 + S4) × (PIt / PIt–1) – (S3+ S4)
where
- S3, S4, PIt and PIt–1
- have the same values as in the applicable paragraph;
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(b) for each year to which paragraph 14(3)(b) applies,
(1 + S3) × (PIt / PIt–1) – S3
where
- S3, PIt and PIt–1
- have the same values as in that paragraph; or