Public Service Superannuation Regulations

80 (1) Notwithstanding clause 13(1)(c)(ii)(C) of the Act, the amount of an annual allowance that becomes payable to a contributor pursuant to that clause shall not exceed the amount calculated according to the formula set out in paragraph 8503(3)(c) of the Income Tax Regulations, as that paragraph read on January 15, 1992.

(2) The limit set out in subsection (1) applies to the amount of an annual allowance payable to a contributor who ceases to be employed on or after the coming into force of an order, made under paragraph 10(a) of the Special Retirement Arrangements Act in respect of a person referred to in subparagraph 10(a)(i) or (vi) of that Act, providing for the payment of benefits to a contributor who is entitled to an annual allowance under clause 13(1)(c)(ii)(C) of the Act.