Retirement Compensation Arrangements Regulations, No. 1 (SOR/94-785)

Regulations are current to 2013-04-29 and last amended on 2012-09-01. Previous Versions

Transfer of Funds

  •  (1) The amount calculated in accordance with section 41.82, together with interest calculated in accordance with subsection (2), shall be paid by the President of the Treasury Board over a period not exceeding two years beginning on October 1, 2000.

  • (2) Interest on each payment made by the President of the Treasury Board shall be calculated at a rate of 7.25% per annum from October 1, 2000 to the end of the day preceding each payment.

  • SOR/2002-73, s. 17.

 The amount calculated in accordance with section 41.82 together with interest calculated in accordance with subsection 41.83(2) shall be paid to the Supplementary Fund established under the Canada Post Supplementary Retirement Arrangement out of the Retirement Compensation Arrangements Account.

  • SOR/2002-73, s. 17.

PART III

PARTICIPATION UNDER THE CANADIAN FORCES SUPERANNUATION ACT

[SOR/2002-73, s. 18]

 Words and expressions used in this Part and not otherwise defined in the Act or in these Regulations have the same meaning as in the Canadian Forces Superannuation Act.

DIVISION I

ADDITIONAL PENSIONABLE EARNINGS

 Any person who, on or after December 15, 1994, is required to contribute to the Canadian Forces Superannuation Account or the Canadian Forces Pension Fund and whose annual rate of pay is greater than the annual rate of pay determined under section 12.1 of the Canadian Forces Superannuation Regulations shall contribute to the Retirement Compensation Arrangements Account on the excess pay at the same rates and subject to the same conditions as are set out in section 5 of the Canadian Forces Superannuation Act.

  • SOR/2002-73, s. 19.
  •  (1) Contributions by a participant under section 43 shall be based on an annual rate of pay equal to the portion of the annual rate of pay of the participant that exceeds the annual rate of pay determined under section 12.1 of the Canadian Forces Superannuation Regulations.

  • (2) Contributions by a participant under section 43 in respect of periods of service without pay shall be payable at the same rates and in the same manner as are specified in sections 11 and 12 of the Canadian Forces Superannuation Regulations, based on an annual rate of pay equal to the portion of the annual rate of pay of the participant that exceeds the annual rate of pay determined under section 12.1 of those Regulations.

  • (3) An election under section 6.1 of the Canadian Forces Superannuation Act in respect of a period of leave without pay constitutes an election not to contribute to the Retirement Compensation Arrangements Account in respect of the same period.

  • SOR/2012-114, s. 5.

 A participant who makes an election pursuant to paragraph 6(b) of the Canadian Forces Superannuation Act shall pay to the Retirement Compensation Arrangements Account, in respect of any portion of the participant’s annual rate of pay that exceeds the amount determined under section 12.1 of the Canadian Forces Superannuation Regulations, the amount that the participant would be required to contribute in respect of that portion pursuant to section 7 of that Act, in the same manner and subject to the same conditions as are set out in sections 8 and 9 of that Act.