Marginal note:Militiaman’s pension service

• 12 (1) Subject to this Act, every militiaman is entitled to retire and receive a pension for life who

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• Marginal note:Return to service

  (2) Every militiaman who receives a pension under this section before he has completed twenty years service is subject to return to service, as provided by this Act if he ceases to be incapacitated.

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• 12 (1) Notwithstanding any of the provisions contained in sections 5 to 11, a pensioner shall be deemed not to have elected to count augmenting service where

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• (2) Where the provisions of subsection (1) are applicable, all sums deducted from the pay and allowances of a pensioner or paid by him by reason of the provisions of sections 5 to 11 inclusive shall be refunded to him without interest or shall be applied, where applicable, towards the abatement of any deductions owed by the pensioner where by reason of the provisions of subsection (1) he becomes subject to deductions pursuant to Part V of the former Act and regulations relating thereto other than sections 5 to 10 inclusive and his entitlement to pension payments shall be restored retroactively to the date of election as if he had never elected.

28 For the purposes of sections 26 and 27, the only demographic assumptions on which the actuarial values are to be based are those prescribed in the Canadian Forces Superannuation Regulations for the purposes of an election under 25.1 of the Canadian Forces Superannuation Act.

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Marginal note:Powers of Board

• 5 (1) The Board has the capacity and, subject to this Act, the rights, powers and privileges of a natural person.

• Marginal note:No inconsistent business or activity

  (2) The Board and its subsidiaries shall not, directly or indirectly, carry on any business or activity or exercise any power that is inconsistent with the Board’s objects, or that the Board is restricted by this Act from carrying on or exercising, and shall not, directly or indirectly, exercise any of its powers in a manner contrary to this Act.

• Marginal note:No invalidity

  (3) No act of the Board, including a transfer of property, is invalid by reason only that the Board was without the capacity or power to so act.

• Marginal note:Consultation

  (4) The Minister shall consult the Board if changes to pension plan design or funding are proposed with respect to the pension plans created under the Acts referred to in paragraph 4(1)(a).

Amendments to Other Acts