C.O.T.C. Pension Regulations (SOR/61-472)

11 (1) Where the Corporation on or before March 31, 1963 pays into the Superannuation Account an amount, as determined by the Treasury Board, in respect of the estimated liability of the Corporation in accordance with the United Kingdom Plan, there may be paid out of that Account to or in respect of former employees of the Corporation who

• (a) were members of the United Kingdom Plan, and

• (b) are listed in the Schedule to these Regulations,

the pensions and death benefit, if applicable, to which those persons were entitled under the United Kingdom Plan.

(2) For the purposes of subsection (1), the amount payable in respect of the estimated liability of the Corporation in accordance with the United Kingdom Plan or in respect of any pension payable under that subsection shall not include any amount payable in accordance with the United Kingdom Plan in respect of the payment of income tax on the pension.

(3) No pension or other benefit shall be paid out of the Superannuation Account to or in respect of any former employee of the Corporation under subsection (1), unless that former employee has delivered to the Corporation an assignment of all benefits to which he or his estate is entitled under the United Kingdom Plan and has authorized payment to the Corporation of any equity he has in that Plan.