Public Service Superannuation Regulations

10 (1) For the purposes of clause 5(1)(a)(ii)(B) of the Act, where a contributor has contributed to the Retirement Fund prior to becoming a contributor under the Act, that portion of the period (as determined by the Minister) during which they so contributed shall be counted as non-elective service to the extent that the amount transferred from the Retirement Fund to the Superannuation Account will purchase, applied to that portion of pensionable service which is most recent in point of time, calculated at the rates set forth in subsection 4(1) of the Act in respect of a salary equal to the salary authorized to be paid to them during that period of pensionable service, together with interest.

(2) The portion of the period of service that remains after the calculations provided for in this section are made may, pursuant to clause 5(1)(b)(iii)(F) of the Act, be counted by the contributor as pensionable service where they elect, in accordance with the Act, to count the said service and the contributions payable by them in respect thereof shall be an amount calculated in accordance with paragraph 6(1)(e) of the Act, together with interest.

(3) For the purpose of making the calculations provided for in this section interest has the same meaning as in subsection 6(2) of the Act.

(4) For the purposes of this section, where a contributor commenced contributing to the Superannuation Account prior to the time they became required to contribute in accordance with subsection 4(1) of the Act, the determination of the portion of service purchased by the transfer of the amount to their credit in the Retirement Fund, and the determination of the cost of the remaining portion in accordance with subsections (1) and (2) of this section, shall be made as if the contributor had been required to contribute to the Superannuation Account at the time they so commenced to contribute.