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  1. Retirement Compensation Arrangements Regulations, No. 1 - SOR/94-785 (Section 67.1)
    Retirement Compensation Arrangements Regulations, No. 1
    •  (1) A benefit shall be paid to a survivor or child of a participant equal to the amount by which an allowance payable to that person under the Royal Canadian Mounted Police Superannuation Act is reduced as a result of the operation of the limits set out in subsections 20.2(1) to (5) of the Royal Canadian Mounted Police Superannuation Regulations, which limits apply, as provided in subsection 20.2(6) of those Regulations, to amounts payable in respect of a contributor who dies after the coming into force of this section.

    • (2) A benefit shall be paid to a participant equal to the amount by which an annual allowance payable to that person under the Royal Canadian Mounted Police Superannuation Act is reduced as a result of the operation of the limit set out in subsection 52(1) of the Royal Canadian Mounted Police Superannuation Regulations, which limit applies, as provided in subsection 52(2) of those Regulations, to an annual allowance payable in respect of a contributor who ceases to be employed after the coming into force of this section.

    • (3) The benefit referred to in subsection (1) or (2) is payable in the same manner and subject to the same terms and conditions as apply to the payment of the allowance or annual allowance referred to in that subsection, as the case may be, before the reduction.

    [...]


  2. Retirement Compensation Arrangements Regulations, No. 1 - SOR/94-785 (Section 41.1)
    Retirement Compensation Arrangements Regulations, No. 1
    •  (1) Subject to subsection 36(1), a benefit shall be paid to a participant, to a survivor or child of a participant or to a beneficiary of an amount payable under subsection 27(2) of the Public Service Superannuation Act, as the case may be, in an amount equal to

      • (a) the amount by which an allowance payable to such a person under that Act is reduced as a result of the operation of the limit set out in subsection 30.6(1) or (2) of the Public Service Superannuation Regulations,

      • (b) the amount by which a benefit payable under subsection 27(2) of that Act is reduced as a result of the operation of the limit set out in subsection 30.8(1) of the Public Service Superannuation Regulations, and

      • (c) the amount by which an annuity or annual allowance payable to such a person under that Act is reduced as a result of the operation of the limit set out in subsection 80(1) or 80.1(1) of the Public Service Superannuation Regulations.

    • (2) The benefit that represents the amount of a reduction referred to in subsection (1) is payable in the same manner and subject to the same terms and conditions as apply to the payment of the allowance, benefit, annuity or annual allowance referred to in paragraph (1)(a), (b) or (c), as the case may be, before the reduction.

    [...]


  3. Retirement Compensation Arrangements Regulations, No. 1 - SOR/94-785 (Section 38.6)
    Retirement Compensation Arrangements Regulations, No. 1
    •  (1) Subject to subsection (3), if an amount is paid to an approved employer in respect of a participant pursuant to subsection 40(3) of the Public Service Superannuation Act, the Minister shall transfer to an external retirement compensation arrangement established by that employer the lesser of

      • [...]

      • (b) an amount calculated by the employer as being the amount required to provide benefits under its external retirement compensation arrangement with regard to the accrued benefits of the participant under this Division and section 68.

    • (2) Subject to subsection (3), if an amount is paid to an approved employer in respect of a participant pursuant to subsection 40(4) of the Public Service Superannuation Act, the Minister shall transfer to an external retirement compensation arrangement established by that employer the lesser of

      • (a) an amount equal to the greater of

        • (i) an amount equal to the aggregate of

          • (A) an amount calculated by the Minister equal to the actuarial value of the participant’s benefits accrued under this Division and section 68 as of valuation date based on the paid-up contributions of the participant under this Division, using the same actuarial assumptions and determined in the same manner as set out in the agreement referred to in subsection 40(2) of that Act with the employer, except that the rate of interest shall be one-half the rate of interest used in calculating an amount under subparagraph 40(4)(a)(i) of that Act, and

          • (B) an amount representing interest after valuation date, if any, on the amount determined under clause (A) calculated at the same rate and in the same manner as in the agreement with the employer, and

      • (b) an amount calculated by the employer as being the amount required to provide benefits under its external retirement compensation arrangement with regard to the accrued benefits of the participant under this Division and section 68.

    • [...]

    • (7) When all amounts under this section have been transferred or paid, as applicable, the participant shall cease to be entitled to any benefit under this Division or under section 68 in respect of the period of service to which the transfer or payment relates.

    [...]


  4. Retirement Compensation Arrangements Regulations, No. 1 - SOR/94-785 (Section 38.4)
    Retirement Compensation Arrangements Regulations, No. 1
    •  (1) Subject to subsection (2), if an amount is paid to an eligible employer in respect of a participant pursuant to subsection 40.2(3) of the Public Service Superannuation Act, the Minister shall transfer to an external retirement compensation arrangement established by that employer the lesser of

      • (a) an amount equal to the aggregate of

        • (i) an amount calculated by the Minister equal to the actuarial value of the participant’s benefits accrued under this Division and section 68 as of valuation date based on the paid-up contributions of the participant under this Division, using the same actuarial assumptions and determined in the same manner as set out in the agreement referred to in subsection 40.2(2) of that Act with the employer, except that the rate of interest shall be one-half the rate of interest used in calculating an amount under clause 40.2(3)(a)(i)(A) of that Act, and

        • (ii) an amount representing interest after valuation date, if any, on the amount determined under subparagraph (i) calculated at the same rate and in the same manner as in the agreement with the employer, and

      • (b) an amount calculated by the employer as being the amount required to provide benefits under its external retirement compensation arrangement with regard to the accrued benefits of the participant under this Division and section 68.

    • [...]

    • (6) When all amounts under this section have been transferred or paid, as applicable, the participant shall cease to be entitled to any benefit under this Division or under section 68 in respect of the period of service to which the transfer or payment relates.

    • (7) For the purposes of this section and section 38.5, valuation date has the same meaning as in the agreement with the eligible employer.

    [...]


  5. Retirement Compensation Arrangements Regulations, No. 1 - SOR/94-785 (Section 15.1)
    Retirement Compensation Arrangements Regulations, No. 1
    •  (1) Subject to subsection (2), if an amount is paid to an eligible employer in respect of a participant pursuant to subsection 40.2(3) of the Public Service Superannuation Act, the Minister shall transfer to an external retirement compensation arrangement established by that employer the lesser of

      • (a) an amount equal to the aggregate of

        • (i) an amount calculated by the Minister equal to the actuarial value of the participant’s benefits accrued under this Part and section 68 as of valuation date based on the paid-up contributions of the participant under this Part, using the same actuarial assumptions and determined in the same manner as set out in the agreement referred to in subsection 40.2(2) of that Act with the employer, except that the rate of interest shall be one-half the rate of interest used in calculating an amount under clause 40.2(3)(a)(i)(A) of that Act, and

        • (ii) an amount representing interest after valuation date, if any, on the amount determined under subparagraph (i), calculated at the same rate and in the same manner as in that agreement, and

      • (b) an amount calculated by the employer as being the amount required to provide benefits under its external retirement compensation arrangement with regard to the accrued benefits of the participant under this Part and section 68.

    • [...]

    • (6) When all amounts under this section have been transferred or paid, as applicable, the participant shall cease to be entitled to any benefit under this Part or under section 68 in respect of the period of service to which the transfer or payment relates.

    • (7) For the purposes of this section and section 15.2, valuation date has the same meaning as in the agreement with the eligible employer.

    [...]



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