Members of Parliament Retiring Allowances Act

Marginal note:Limits on contributions

• 34 (1) Notwithstanding anything in this Part, no contribution shall be paid by a member under this Part

  • (a) in respect of any session in the course of which the member ceases to be a Senator by reason of disqualification or was expelled from the House of Commons; or

  • (b) subject to subsections (2) and (2.1), in respect of any amount payable to the member by way of sessional indemnity after the aggregate of the products obtained by multiplying the number of years of pensionable service to the member’s credit by the multipliers set out in subsection 16(1) and, as applicable, subsection 36(2) or (6) equals 0.75.

• Marginal note:Exception — 69 years old

  (2) Commencing on January 1, 2001, a member who has reached 69 years of age shall, by reservation from the sessional indemnity payable to that member, continue to contribute under this Part 1% of the amount payable to the member by way of sessional indemnity after the aggregate of the products obtained by multiplying the number of years of pensionable service to the member’s credit by the multipliers set out in subsection 16(1) and, as applicable, subsection 36(2) or (6) equals 0.75.

• Marginal note:Exception for 1 per cent

  (2.1) Commencing on January 1, 2001, a member to whom subsection 12(2) applies shall contribute to the Compensation Arrangements Account 1 per cent of that portion of the member’s sessional indemnity for the calendar year that exceeds the member’s earnings limit for that year.

• Marginal note:Exclusions from computation of contributions

  (3) In a computation of the total amount that a member has contributed or elected to contribute under this Part, there shall not be included

  • (a) any contributions in respect of which a withdrawal allowance has been paid under this Part;

  • (b) any contributions in respect of which the election of the member has been revoked under this Part; or

  • (c) any amount paid by way of interest.