Veterans Well-being Regulations

Version of section 58 from 2006-03-23 to 2019-03-31:

  •  (1) For the purposes of subsection 58(2) of the Act, a death benefit shall be reduced

    • (a) if a compensatory amount is paid or payable to a person, by either the compensatory amount or the full amount of the death benefit, whichever is less; or

    • (b) if an additional amount is paid or payable to a person on a periodic basis, by either the actuarial compensatory amount or the full amount of the death benefit, whichever is less.

  • (2) The present value of an additional amount paid on a periodic basis

    • (a) if the payor of the additional amount has calculated its present value, is that additional amount; or

    • (b) if the payor has not calculated its present value, is the amount determined by the formula set out in paragraph 54(2)(b).

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