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• 5 (1) Where

  • (a) the Minister receives a request in writing from an employee within six months after October 1, 1975 to count the period of service to his credit as pensionable service for the purposes of the Act, or

  there shall be credited to that employee as pensionable service under the Act from the day the Minister receives the request or the employee completes the document that portion of the period of service to his credit, as determined by the Minister, that an amount equal to the amount required by the Company pursuant to subsection (2) will purchase when applied to the period of service to his credit that is most recent in point of time.

• (2) The Company shall, in respect of each employee described in subsection (1), pay into the Consolidated Revenue Fund to the credit of the Superannuation Account within one year of October 1, 1975 the lesser of

  • (a) an amount equal to twice the amount the employee would have been required to pay under the Act in respect of a corresponding period of service in the Public Service if

    [...]

    together with interest at a rate equal to the rate, as determined by the Minister, that was payable under the Act during the period of service to the credit of the employee, calculated from the middle of each fiscal year in that period of service and ending on September 30, 1975; and

• (3) The Company shall pay into the Consolidated Revenue Fund to the credit of the Superannuation Account an amount, as determined by the Minister to be the amount that would have been credited to the Superannuation Account as interest on an amount equal to the amount described in subsection (2) during the period commencing on October 1, 1975 and ending on the day on which the Company makes payment of the amount payable under this section.

• 6 (1) An employee in respect of whom an amount is paid into the Consolidated Revenue Fund pursuant to section 5 may count the remainder, if any, of the period of service to his credit that may not be counted as pensionable service under that section if he elects to pay for such service an amount calculated by the Minister as follows:

  • [...]

  • (b) where the employee so elects after the period referred to in paragraph (a), an amount calculated as if paragraph 6(1)(j) of the Act applied to him.

4 The Company shall, on receipt of notice from the Minister, pay into the Consolidated Revenue Fund to the credit of the Superannuation Account an amount equal to

• (a) the amount of the capitalized value, as determined by the Minister, of any pension benefits payable from the Superannuation Account pursuant to paragraph 3(1)(d) and subsection 3(2); and

• (b) an amount as determined by the Minister to be the amount that would have been credited to the Superannuation Account as interest on an amount equal to the amount described in paragraph (a) during the period commencing with the date of the notice from the Minister and ending on the day on which the Company makes payment of the amount payable under this section.

1 These Regulations may be cited as the Atomic Energy of Canada Limited Pension Regulations.