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Canadian Forces Superannuation Regulations

Version of section 12.4 from 2008-11-24 to 2016-03-28:

  •  (1) In respect of a contributor who makes an election for reserve force service under clauses 6(b)(ii)(G) and (H) of the Act, as adapted by subsection 12.2(2) of these Regulations, paragraphs 7(1)(g) and (h) of the Act are adapted as follows:

    • (g) in respect of any period specified in clauses 6(b)(ii)(G) and (H), as adapted by subsection 12.2(2) of the Canadian Forces Superannuation Regulations, the full amount calculated under subsection 12.4(2) of those Regulations or a lesser amount for which the contributor opts at the time of making the election;

  • (2) The full amount referred to in paragraphs 7(1)(g) and (h) of the Act, as adapted by subsection (1), is the total of the following amounts:

    • (a) the full amount, under subsection 15(2) of the Reserve Force Pension Plan Regulations, of a past earnings election made under those Regulations, as if it had been made on the day of the election for reserve force service, calculated as if the contributor were a participant under the terms of those Regulations, and their past earnings, determined under the terms of those Regulations, were the past earnings that relate to the periods included in the contributor’s reserve force service; and

    • (b) the full amount of a top-up election made on the day of the election for reserve force service, using the formula in paragraph 14.6(3)(b) as if the value of E were equal to one and as if the reserve force service had become pensionable service to the contributor’s credit under the Reserve Force Pension Plan Regulations as a result of the past earnings election.

  • (3) The contributor may not modify the amount for which the contributor has opted.

  • SOR/2007-33, s. 6
  • SOR/2008-307, s. 8
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