Reserve Force Pension Plan Regulations

Version of section 78 from 2007-03-01 to 2016-03-28:


Marginal note:Minimum benefit — no survivor or child

 If, on the death of a participant or pensioner who has to their credit not less than two years of pensionable service, there is no survivor or child to whom an annual allowance may be paid, or if the survivor or child to whom an annual allowance may be paid dies or ceases to be entitled to it and no other amount may be paid to them under this Division, there shall be paid to the estate or succession of the participant or pensioner or, if the amount is less than $1,000, to the participant’s or pensioner’s next of kin, as a death benefit, an amount equal to the amount determined by the formula

A – B

where

A
is the greater of a return of contributions and an amount equal to five times the total of the annuity determined in accordance with section 41 plus the bridge benefit determined in accordance with section 48; and
B
is the aggregate of all amounts paid to a survivor or child under this Division and to the participant or pensioner under Division 1.
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