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Public Service Superannuation Regulations

Version of section 102 from 2006-03-22 to 2016-06-22:

  •  (1) The amount required to pay for an election for transfer value service shall be paid to the Public Service Pension Fund in a lump sum.

  • (2) If the amount actually paid is less than the amount required to be paid for the entire period of transfer value service elected, the contributor is deemed to have elected to pay for the lesser period of service that the amount remitted is sufficient to pay for.

  • (3) An election is invalid if payment is not made within 90 days after the day on which the election is received by the Minister, or a person designated by the Minister.

  • SOR/2003-13, s. 7

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