Public Service Superannuation Regulations

104 (1) The amount to be paid for a period of service referred to in clause 6(1)(b)(iii)(M) or (N) of the Act shall be paid to the Public Service Pension Fund in a lump sum.

(2) The election is void unless the amount is received by the Minister no later than the 90th day after the date of the written notice from the Minister informing the contributor that the past service pension adjustment, within the meaning of subsection 8303(1) of the Income Tax Regulations, certification has been issued by the Canada Revenue Agency.

(3) The period of service in respect of which the election was made shall be counted as pensionable service, in the same proportion as the amount that is received by the Minister within the time limit set out in subsection (2) bears to the total amount to be paid, beginning with the part that is most recent in point of time.