Royal Canadian Mounted Police Superannuation Regulations

Version of section 46 from 2012-09-01 to 2013-06-06:

  •  (1) A contributor who has made an election may revise the level of reduction where

    • (a) the contributor, before making the election, received, from an authorized advisor who normally gives information about these matters, materially erroneous or misleading information regarding the amount of the reduction of the contributor’s annuity or annual allowance or the amount of the immediate annual allowance to which the spouse would be entitled; or

    • (b) the amount of the annuity or annual allowance that is payable to the contributor is adjusted in accordance with the Pension Benefits Division Act after the day on which the election was made.

  • (2) A contributor may revoke an election where

    • (a) the contributor, prior to making the election, received materially erroneous or misleading information referred to in paragraph (1)(a); or

    • (b) the amount of the annuity or annual allowance that is payable to the contributor is adjusted in accordance with the Pension Benefits Division Act after the day on which the election was made.

  • (3) A revision of the level of reduction or the revocation of an election shall be in writing and shall be sent to the Minister or to a person designated by the Minister

    • (a) within three months after the day on which a written notice containing the correct information is sent to the contributor; or

    • (b) within three months after the day on which the annuity or annual allowance is adjusted in accordance with the Pension Benefits Division Act.

  • (4) A revision of the level of reduction or a revocation of an election is effective on the day on which it is sent.

  • SOR/94-347, s. 1
  • SOR/98-531, s. 6
  • SOR/2012-124, s. 18
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