Marginal note:Exceptions
(2) Despite subsection (1), if, on or after the day on which these Regulations come into force, a person, were it not for these Regulations, would be entitled to a return of contributions under subsection 12(3) or 12.1(4) of the Act, the person may request, in writing, the return of contributions within one year after the day on which they cease to be employed in the public service and become employed by the new employer, and, if, in the same circumstances, a person is entitled to exercise an option in favour of the transfer value referred to in section 13.01 of the Act, they may exercise the option within the same period.