Canada Pension Plan (R.S.C., 1985, c. C-8)

Marginal note:Basic amount of benefit

• 45 (1) A reference in this Part to the basic amount of any benefit shall be construed as a reference to the amount thereof calculated as provided in this Part without regard to subsection (2).

• Marginal note:Annual adjustments

  (2) Where any benefit has become payable commencing with a month in any year, the basic monthly amount of the benefit shall be adjusted annually, in prescribed manner, so that the amount payable for a month in any following year is an amount equal to the product obtained by multiplying

  • (a) the amount that would have been payable for that month if no adjustment had been made under this section with respect to that following year,

  by

  • (b) the ratio that the Pension Index for that following year bears to the Pension Index for the year preceding that following year.