2.1 In these Regulations, “agreement” means an agreement as amended from time to time.

3. For the purposes of section 15 of the Act, the retirement compensation arrangement is a designated arrangement.

4. There is hereby established a retirement compensation arrangement for the payment of benefits to or in respect of any person who

• (a) on or after December 15, 1994 is required to contribute to the Superannuation Account or Public Service Pension Fund;

• (b) on or after December 15, 1994 is required to contribute to the Canadian Forces Superannuation Account or the Canadian Forces Pension Fund;

• (c) on or after December 15, 1994 is required to contribute to the Royal Canadian Mounted Police Superannuation Account or the Royal Canadian Mounted Police Pension Fund;

• (d) is or has been a deputy head, has to the person’s credit under the Public Service Superannuation Act not less than ten years of pensionable service and elects, in accordance with section 7, before the person ceases to be employed in the Public Service, to become subject to the retirement compensation arrangement, other than a person whose employment terminates or terminated by reason of misconduct; or

• (e) immediately before December 15, 1994 was deemed by section 14 of the Public Service Superannuation Act, as that section read at that time, to be employed in the Public Service.

5. This Part applies to persons described in paragraphs 4(d) and (e).

6. 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 Public Service Superannuation Act.

7. An election by a person referred to in paragraph 11(1)(d) of the Act to become subject to the retirement compensation arrangement shall

• (a) be made in writing;

• (b) be signed and dated by the person;

• (c) state the person’s intention to participate in the retirement compensation arrangement under this Part;

• (d) state the period in respect of which the person intends to contribute to the retirement compensation arrangement; and

• (e) be delivered or mailed to the Minister within 60 days after the date referred to in paragraph (b).

• 8. (1) Subject to subsection (2), a participant referred to in paragraph 4(d) shall contribute to the Retirement Compensation Arrangements Account at a rate equal to twice the applicable rate set out in section 5 of the Public Service Superannuation Act, read without reference to paragraph 5(6)(b) of that Act.

• (2) If the aggregate of the period of pensionable service of a participant — consisting of pensionable service under the Public Service Superannuation Act, other pensionable service as determined under subsection 5(5) of that Act and the period specified by the participant in an election under paragraph 11(1)(d) of the Act — exceeds 35 years, the participant shall contribute to the Retirement Compensation Arrangements Account, in respect of the portion of the aggregate period that exceeds 35 years, at a rate equal to twice the rate set out in subsection 5(3), (3.1) or (4) of the Public Service Superannuation Act, as the case may be, read without reference to paragraph 5(6)(b) of that Act.

• (3) Contributions under subsections (1) and (2) shall be based on the salary that the participant was receiving on the day that the participant was last employed as a deputy head, adjusted from time to time in accordance with any revisions to the participant’s salary range.