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Canadian Arsenals Limited Divestiture Authorization Act (S.C. 1986, c. 20)

Act current to 2020-11-02

Consequential

Marginal note:Agency status revoked

 The Government Companies Operation Act ceases to apply to the Corporation and the Corporation ceases to be an agent of Her Majesty.

 [Repealed, 1988, c. 38, s. 100]

 [Amendments to other Acts]

Pension Rights

Marginal note:Pensions

  •  (1) To the extent provided by the regulations made under subsection (3), the Public Service Superannuation Act, the Supplementary Retirement Benefits Act and the regulations made under those Acts continue to apply to a person who meets all the following criteria:

    • (a) immediately before the coming into force of this section, the person was employed by the Corporation and was a contributor under the Public Service Superannuation Act;

    • (b) the person is employed by the Corporation or an amalgamated corporation during the whole of the period between the coming into force of this section and the making of the election referred to in paragraph (e);

    • (c) the President of the Treasury Board has not made a payment to the Corporation or to an amalgamated corporation pursuant to section 30 of the Public Service Superannuation Act in respect of that person;

    • (d) the person has not received or opted to receive any annuity or other benefit under section 11 or 12 of the Public Service Superannuation Act in respect of the pensionable service that he has to his credit under that Act immediately before the coming into force of this section; and

    • (e) the person elects, within one year after the coming into force of this section and in such form and manner as the Minister directs, to have the Public Service Superannuation Act, the Supplementary Retirement Benefits Act and the regulations made under those Acts continue to apply to him to the extent provided by the regulations made under subsection (3).

  • Marginal note:Election irrevocable

    (2) An election referred to in paragraph (1)(e) is irrevocable.

  • Marginal note:Regulations

    (3) The Governor in Council may, in relation to persons who make the election referred to in paragraph (1)(e), make regulations

    • (a) specifying which provisions of the Acts and regulations mentioned in subsection (1) apply, and to what extent they apply;

    • (b) adapting provisions of those Acts and regulations for the purposes of this section; and

    • (c) generally for carrying out the purposes of this section.

  • Marginal note:Application of regulations

    (4) Regulations made under subsection (3) may be made applicable on and after a day before their publication if they so provide.

Commencement

Marginal note:Commencement

Footnote * Subsection 3(2) and sections 9 to 12 shall come into force on a day or days to be fixed by proclamation.

  • Return to footnote *[Note: Section 9 in force May 6, 1986, subsection 3(2) and sections 10 to 12 in force May 7, 1986, see SI/86-69.]

 
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