Retirement Compensation Arrangements Regulations, No. 2 (SOR/95-169)

10 (1) Where a participant becomes entitled to an immediate annuity under subparagraph 13(1)(d)(ii) of the Public Service Superannuation Act, the participant ceases to be entitled to an annual benefit under these Regulations.

(2) Where a participant who ceases to be entitled to an annual benefit as described in subsection (1) becomes entitled to a deferred annuity under section 28 of the Public Service Superannuation Act, the participant shall again become entitled to an annual benefit under these Regulations if the participant exercises the option to receive an annual allowance in accordance with clause 13(1)(c)(ii)(B) or (D) of that Act.