Jobs and Growth Act, 2012 (S.C. 2012, c. 31)
Full Document:
Assented to 2012-12-14
468. Subsection 9(1) of the Act is replaced by the following:
Marginal note:Manner of payment
9. (1) Subject to this section, any amount required by subsection 7(1) or (1.1) to be paid by a contributor in respect of any period of service for which he or she has elected to pay shall be paid by him or her into the Superannuation Account, at his or her option,
(a) in a lump sum, at the time of making the election; or
(b) in instalments, on the terms and computed on the bases as to mortality and interest as are prescribed by the regulations.
Marginal note:1999, c. 34, s. 127
469. Subsection 15(5) of the Act is replaced by the following:
Marginal note:Computation of average annual pay
(5) For the purposes of subparagraphs (1)(a)(ii) and (iii), a period of service during which a person continues to be a member of the regular force and is required to make contributions under subsection 5(2), or was required to make contributions under subsection 5(2), (3) or (4) as it read on December 31, 2012, is deemed to be a period of pensionable service to his or her credit.
Marginal note:1999, c. 34, s. 142(2)
470. Subsection 41(3) of the Act is replaced by the following:
Marginal note:Deemed re-enrolment
(3) For the purposes of this Act, a person who, after having ceased to be required by section 5 to contribute to the Superannuation Account or the Canadian Forces Pension Fund, is enrolled in or transferred to the reserve force is on the expiry of any continuous period of full-time service in the reserve force of one year, beginning on or after January 1, 2000, deemed to have become re-enrolled in the regular force at the end of that period.
Marginal note:1999, c. 34, s. 145
471. (1) Paragraph 49.1(2)(b) of the Act is replaced by the following:
(b) three members appointed from among persons required to contribute to the Canadian Forces Pension Fund who are nominated for appointment by the Chief of the Defence Staff to represent persons serving in the Canadian Forces;
Marginal note:1999, c. 34, s. 145
(2) Paragraph 49.1(2)(d) of the Act is replaced by the following:
(d) five other members appointed by the Minister, four of whom must be from among persons required to contribute to the Canadian Forces Pension Fund and one of whom may be a person required to contribute to any other superannuation or pension account in the accounts of Canada or the Public Service Pension Fund within the meaning of the Public Service Superannuation Act or the Royal Canadian Mounted Police Pension Fund within the meaning of the Royal Canadian Mounted Police Superannuation Act.
Marginal note:2003, c. 26, s. 23
472. Paragraph 50(1)(g) of the Act is replaced by the following:
(g) fixing an annual rate of pay for the purposes of subsection 5(5) or prescribing the manner of determining the annual rate of pay;
1992, c. 46, Sch. IConsequential Amendment to the Special Retirement Arrangements Act
Marginal note:2002, c. 17, s. 29(2)
473. Paragraph 11(3)(b) of the Special Retirement Arrangements Act is replaced by the following:
(b) subsection 5(5) of the Canadian Forces Superannuation Act;
Coordinating Amendments
Marginal note:2003, c. 26
474. (1) In this section, “other Act” means An Act to amend the Canadian Forces Superannuation Act and to make consequential amendments to other Acts, chapter 26 of the Statutes of Canada, 2003.
(2) If section 5 of the other Act comes into force before subsections 467(1) to (3) of this Act, then those subsections 467(1) to (3) are repealed.
(3) If section 5 of the other Act comes into force on the same day as subsections 467(1) to (3) of this Act, then those subsections 467(1) to (3) are deemed to have come into force before that section 5.
(4) If section 5 of the other Act comes into force before subsection 467(4) of this Act, then that subsection 467(4) and section 468 of this Act are repealed.
(5) If section 5 of the other Act comes into force on the same day as subsection 467(4) of this Act, then that subsection 467(4) and section 468 of this Act are deemed to have come into force before that section 5.
(6) If section 21 of the other Act comes into force before section 470 of this Act, then that section 470 is repealed.
(7) If section 21 of the other Act comes into force on the same day as section 470 of this Act, then that section 470 is deemed to have come into force before that section 21.
R.S., c. P-36Public Service Superannuation Act
Amendments to the Act
Marginal note:1999, c. 34, s. 53(2)
475. The portion of the definition “contributor” in subsection 3(1) of the Public Service Superannuation Act before paragraph (b) is replaced by the following:
“contributor”
« contributeur »
“contributor” means a person required by section 5 to contribute to the Public Service Pension Fund, and, unless the context otherwise requires,
(a) a person who has ceased to be required by this Act to contribute to the Superannuation Account or the Public Service Pension Fund, and
Marginal note:1999, c. 34, s. 55(1); 2003, c. 22, subpar. 225(z.19)(iv)(E)
476. (1) The portion of subsection 5(1) of the Act before paragraph (a) is replaced by the following:
Marginal note:Persons required to contribute
5. (1) Subsections (2) and (3) apply to persons employed in the public service, other than
Marginal note:1999, c. 34, s. 55(2)
(2) Paragraph 5(1)(d) of the Act is repealed.
Marginal note:1999, c. 34, s. 55(4)
(3) Subsections 5(1.1) to (4) of the Act are replaced by the following:
Marginal note:Contribution rates — 2013 and later
(2) A person is required to contribute to the Public Service Pension Fund, in respect of every portion of the period beginning on January 1, 2013, by reservation from salary or otherwise, at the contribution rates determined by the Treasury Board in respect of that portion on the recommendation of the Minister.
Marginal note:Contribution rates — 35 years of service
(3) A person who has to his or her credit, on or after January 1, 2013, a period of pensionable service — or a period of pensionable service and other pensionable service — totalling at least 35 years is not required to contribute under subsection (2) but is required to contribute, by reservation from salary or otherwise, to the Public Service Pension Fund, in respect of the period beginning on the later of January 1, 2013 and the day on which the person has to his or her credit those 35 years, in addition to any other amount required under this Act, at the rates determined by the Treasury Board on the recommendation of the Minister.
Marginal note:Limitation — determination of contribution rates
(4) In determining the contribution rates of Group 1 contributors described in subsection 12(0.1) and of Group 2 contributors described in subsection 12.1(1) for the purposes of subsections (2) and (3), the rates must not result in a total amount of contributions that would exceed 50% of the current service cost of Group 1 or Group 2, as the case may be, for the portion of the period in respect of the benefits payable under Parts I and III.
Marginal note:1999, c. 34, s. 55(4)
(4) The portion of subsection 5(5) of the Act before paragraph (a) is replaced by the following:
Marginal note:Other pensionable service
(5) For the purpose of subsection (3), “other pensionable service” means years of service giving rise to a superannuation or pension benefit of a kind specified in the regulations that is payable
Marginal note:1999, c. 34, s. 55(4)
(5) Subsection 5(6) of the Act is replaced by the following:
Marginal note:Contributions not required
(6) Despite anything in this Part, no person shall, in respect of any period of his or her service on or after December 15, 1994, make a contribution under this Part in respect of any portion of his or her annual rate of salary that is in excess of the annual rate of salary that is fixed by or determined in the manner prescribed by the regulations.
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