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Marginal note:Summary conviction

24 Prosecutions under section 23 may be had under the provisions of the Criminal Code relating to summary convictions.

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Marginal note:Objects

• 4 (1) The objects of the Board are

  • (a) to manage amounts that are transferred to it under subsections 54(2) and 55.2(5) and section 59.4 of the Canadian Forces Superannuation Act, subsections 43(2) and 44.2(5) of the Public Service Superannuation Act and subsections 28(2) and 29.2(5) of the Royal Canadian Mounted Police Superannuation Act in the best interests of the contributors and beneficiaries under those Acts; and

  • (b) to invest its assets with a view to achieving a maximum rate of return, without undue risk of loss, having regard to the funding, policies and requirements of the pension plans established under the Acts referred to in paragraph (a) and the ability of those plans to meet their financial obligations.

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• Marginal note:Consultation

  (3) The Minister shall determine from which funds the costs shall be paid, but no amount shall be taken out of the Canadian Forces Pension Fund or the Canadian Forces Superannuation Investment Fund — or, if regulations are made under section 59.1 of the Canadian Forces Superannuation Act, from the fund referred to in section 59.3 of that Act — without consulting the Minister of National Defence, or from the Royal Canadian Mounted Police Pension Fund or the Royal Canadian Mounted Police Superannuation Investment Fund without consulting the Minister of Public Safety and Emergency Preparedness.

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Marginal note:Board established

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• Marginal note:Head office

  (4) The head office of the Board shall be in the National Capital Region as described in the schedule to the National Capital Act.

• Marginal note:Canada Not-for-profit Corporations Act

  (5) The Canada Not-for-profit Corporations Act does not apply to the Board.

• Marginal note:Financial Administration Act

  (6) Part X of the Financial Administration Act, except for sections 89.8 to 89.92, 113.1, 132 to 147 and 154.01, does not apply to the Board. For the purposes of those sections, any reference to section 131 of that Act shall be read as a reference to section 35 of this Act.

• Marginal note:Reports and special examination

  (7) Any report or information in respect of the Board that is provided to the Minister under sections 132 to 147 of the Financial Administration Act shall also be provided to the Minister of National Defence and the Minister of Public Safety and Emergency Preparedness. The Minister may only require a special examination under subsection 138(2) of that Act if the Minister has consulted with those Ministers.

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Marginal note:Meetings

49 The Board shall meet once a year with the members of the three advisory committees established respectively under section 49.1 of the Canadian Forces Superannuation Act, section 41 of the Public Service Superannuation Act and section 25.1 of the Royal Canadian Mounted Police Superannuation Act in order to discuss the Board’s most recent annual report.

17 For the purposes of sections 18 to 34,

election

election means an election under section 26.1 of the Act; (choix)

level of reduction

level of reduction means, in respect of a pension, one of the three amounts determined pursuant to section 26, where levels one, two and three correspond to a reduction that provides a surviving spouse with a pension that is equal to 30, 40 or 50 per cent, respectively, of a pension referred to in subparagraph 26(b)(i), if paragraph 26(b) were read without reference to supplementary benefits payable under the Supplementary Retirement Benefits Act; (niveau de réduction)

officer

officer means an officer referred to in section 26.1 of the Act; (officier)

spouse

spouse means a spouse referred to in section 26.1 of the Act. (conjoint)

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