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Supplementary Death Benefit Regulations

Version of section 12 from 2024-06-01 to 2024-06-19:

  •  (1) Subject to subsection (2), if an elective participant is or becomes entitled to an annuity or an annual allowance under Part I of the Act, the contributions that they are required to pay under section 10 or 11 must, unless the participant otherwise directs, be reserved from that annuity or annual allowance when it becomes payable to the participant.

  • (2) If an annuity or annual allowance payable under Part I of the Act to an elective participant is not sufficient to pay the contributions that the participant is required to pay under section 10 or 11, the participant must pay the contributions, in advance, annually.

  • (3) A direction made by a participant under subsection (1) must be in writing, signed by the participant and delivered to the Minister.

  • (4) The direction is effective on the first day of the month following the month in which it is received by the Minister.

  • SOR/92-716, s. 8(F)
  • SOR/2024-85, s. 11

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