Canadian Forces Superannuation Regulations

24 (1) The options and election referred to in section 23 may only be revoked if

• (a) the contributor submits an application for revocation within 90 days after the day on which they became aware that erroneous or misleading information was received by them;

• (b) the application for revocation is made in writing, dated and signed and sent to the Minister, or a person designated by the Minister, within one week after the date that it bears;

• (c) the contributor establishes that, in exercising the option or making the election, they acted on the erroneous or misleading information without which they would have made a different choice of benefit or would have exercised the option or made the election at a different time;

• (d) there is a difference of at least 5% between the actual amount of the benefit and the amount that the erroneous or misleading information had indicated that the contributor would be entitled to receive; and

• (e) subject to section 26, any payment made to the contributor, in respect of any benefit paid to them as a consequence of the option or election that they are applying to revoke, is repaid by the contributor no later than 120 days after the date of the notice informing the contributor of the amount to be repaid.

(2) The contributor who exercises a new option or makes a new election shall include it with the application for revocation.

(3) The date of the sending of the application for revocation, and the date of the new option or the new election, if one is exercised or made, is the day on which it is delivered or, if it is sent by mail, the day on which it is mailed, and the postmark is evidence of that day.