Reserve Force Pension Plan Regulations

Marginal note:Deemed option

22 At the request of a participant or pensioner, they are deemed to have opted, at the time of making the election, for the total of the amounts received by the Minister as of the date of the request, if

• (a) they establish that undue financial hardship that was unforeseen at the time the election was made will be caused if they are required to continue to pay the instalments; or

• (b) at the commencement date of an annuity or annual allowance, the instalments are greater than the increase in the monthly amount of the benefits payable that results from the election.