Public Service Superannuation Regulations

40 (1) Where the age of a contributor,

• (a) in the case of a person who was, immediately prior to July 15, 1971 and continued to be up to the date of his death, an employee of the Canada Ports Corporation to whom the pension plan of the Corporation applied, who married after May 21, 1943, or

• (b) in the case of any other person who married after July 19, 1924,

exceeds the age of his wife by 20 years or more, the allowance to which she, as the widow of the contributor, may be entitled under the Act shall be reduced so that the ratio of the reduced allowance to the allowance is equal to the ratio of the value of a life annuity of $1 per annum to a person aged 20 years less than the contributor at the date of his death to the value of a life annuity of $1 per annum to a person of the age of the widow at that date.

(2) For the purposes of subsection (1), the value of a life annuity of $1 per annum shall be calculated in accordance with a(f) Ultimate Table, together with interest at the rate of four per cent per annum.