Canadian Forces Superannuation Regulations

24 No option referred to in sections 17 to 19 of the Act may be revoked and no new option under that section of the Act may be exercised under section 23 unless

• (a) the contributor applies to the Minister to revoke the option and to exercise a new option within three months of the day upon which he became aware that erroneous or misleading information was given to him or, in the case of a contributor who ceased to be a member of the regular force prior to June 10, 1976, within such period as the Minister may fix;

• (b) the contributor

  • (i) in the case of the exercise by him of the option under sections 17 to 19 of the Act, acted on the erroneous or misleading information referred to in section 23 in exercising the option and would have made a different choice of benefit under the Act or exercised his option at an earlier time had no erroneous or misleading information been given, or

  • (ii) in the case of the deemed exercise by him of the option under section 10 of the Act, refrained, as a result of the erroneous or misleading information referred to in section 23, from exercising an option under section 10 of the Act and would have exercised his option in favour of a benefit other than the benefit in favour of which he was deemed to have exercised his option had no erroneous or misleading information been given; and

• (c) subject to section 26, any payment made to the contributor in respect of any benefit accruing to him during the subsistence of the option that he made under sections 17 to 19 of the Act or was deemed to have made under that section is repaid by the contributor within 30 days of being notified by the Minister of the amount of the payment to be repaid.