Members of Parliament Retiring Allowances Act (R.S.C., 1985, c. M-5)

Act current to 2014-06-12 and last amended on 2013-01-01. Previous Versions

Marginal note:Contributions — January 1, 2013 to December 31, 2015 — under 71 years of age
  •  (1) During the period that begins on January 1, 2013 and ends on December 31, 2015, a member who has not reached 71 years of age shall with respect to each calendar year contribute to the Compensation Arrangements Account,

    • (a) by reservation from his or her sessional indemnity, at the applicable contribution rate in respect of the portion of the sessional indemnity payable to him or her that exceeds his or her earnings limit for the calendar year;

    • (b) by reservation from his or her sessional indemnity, at the applicable contribution rate in respect of the sessional indemnity payable to him or her; and

    • (c) by reservation from any salary or annual allowance that he or she receives, at the applicable contribution rates in respect of that salary or annual allowance, unless he or she elects not to contribute under this paragraph.

  • Marginal note:Contributions — January 1, 2013 to December 31, 2015 — over 71 years of age

    (2) During the period that begins on January 1, 2013 and ends on December 31, 2015, a member who has reached 71 years of age shall with respect to each calendar year contribute to the Compensation Arrangements Account,

    • (a) by reservation from his or her sessional indemnity, at the applicable contribution rate in respect of the sessional indemnity payable to him or her; and

    • (b) by reservation from any salary or annual allowance that he or she receives, at the applicable contribution rate in respect of that salary or annual allowance, unless he or she elects not to contribute under this paragraph.

  • 2012, c. 22, s. 24.
Marginal note:Contributions — from January 1, 2016 — under 71 years of age
  •  (1) Beginning on January 1, 2016, a member who has not reached 71 years of age shall with respect to each calendar year, by reservation from the member’s pensionable earnings, contribute to the Compensation Arrangements Account

    • (a) at the applicable contribution rate in respect of the portion of his or her pensionable earnings that exceeds his or her earnings limit for the calendar year; and

    • (b) at the applicable contribution rate in respect of his or her pensionable earnings.

  • Marginal note:Contributions — from January 1, 2016 — 71 years of age or older

    (2) Beginning on January 1, 2016, a member who has reached 71 years of age shall, by reservation from his or her pensionable earnings, contribute to the Compensation Arrangements Account, at the applicable contribution rate in respect of the member’s pensionable earnings.

  • Marginal note:Different rates

    (3) Without restricting the generality of subsection 2.7(3), the Chief Actuary shall fix rates for the purposes of paragraph (1)(a) that are different for members who are required to contribute under subsection 12(2.1) than those for other members, and rates for the purposes of subsection (2) that are different for members who would be required to contribute under subsection 12(2.1) if they were under 71 years of age than those for other members.

  • 2012, c. 22, s. 24.