Divestiture of Service Transitional Coverage Regulations

SOR/98-446

PUBLIC SERVICE SUPERANNUATION ACT

FINANCIAL ADMINISTRATION ACT

Registration 1998-08-28

Divestiture of Service Transitional Coverage Regulations

T.B. 826504 1998-08-25

The Treasury Board, on the recommendation of the President of the Treasury Board, pursuant to paragraph 42.1(1)(v.5)Footnote a of the Public Service Superannuation Act and paragraph 7(2)(a) of the Financial Administration Act, hereby makes the annexed Divestiture of Service Transitional Coverage Regulations.

Interpretation

 The definitions in this section apply in these Regulations.

Act

Act means the Public Service Superannuation Act. (Loi)

person or body

person or body means a person or body to whom the administration of a service is transferred or otherwise divested under subsection 40.1(1) of the Act. (cessionnaire)

Maximum Period

 For the purpose of paragraph 40.1(2)(a) of the Act, the maximum period during which a person or body may form part of the Public Service is three years.

  • SOR/2001-213, s. 1.

Condition

 As a condition of remaining part of the Public Service in accordance with a direction of Treasury Board made under paragraph 40.1(2)(a) of the Act, a person or body shall make monthly payments into the Superannuation Account or the Public Service Pension Fund of the amounts determined in accordance with section 9 of the Public Service Superannuation Regulations.

  • SOR/2001-213, s. 2.

Coming into Force

 These Regulations come into force on August 28, 1998.

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