Canadian Forces Superannuation Regulations

52 (1) For the purposes of subsection 66(1) of the Act and subject to subsections (2) and (3) of these Regulations, the amount is the following, with respect to the deceased participant, subject to a reduction of 10%, to be made from the date that is set out in subsection (4), for every year of age in excess of 60 attained by the participant

• (a) twice the salary of the participant, if that amount is a multiple of $250; or

• (b) the nearest multiple of $250 above that amount, if it is not a multiple of $250.

(2) In the case of an elective participant who has not made an election under subsection 64(2) of the Act as it read immediately before the coming into force of this section and who, on ceasing to be a member of the regular force or on ceasing to be employed in the public service, was entitled, under Part I of the Act or under the Defence Services Pension Continuation Act, to an immediate annuity or pension, the basic benefit must not be less than $5,000.

(3) In the case of an elective participant who made an election under subsection 64(2) of the Act as it read immediately before the coming into force of this section, the basic benefit is $500.

(4) For the purposes of subsection (1), the dates are

• (a) in the case of an elective participant who ceased to be a member of the regular force and to whom an annuity or pension is not payable under the Act or the Defence Services Pension Continuation Act, each anniversary date of the day that is on or that follows the 61st birthday of the participant, whichever occurs first, on which an annual contribution under the Act is payable; or

• (b) in any other case, the first day of April or the first day of October, whichever date immediately follows each anniversary of the participant’s birthday, commencing with their 61st.