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Canadian Forces Superannuation Regulations

Version of section 58 from 2024-09-10 to 2024-11-26:


 An option must be exercised in writing and must

  • (a) indicate which of the following reductions, determined in accordance with section 66, is applicable:

    • (i) the reduction that is necessary in order that the elective beneficiary could be entitled to an immediate annual allowance equal to 30% of the annuity referred to in clause 66(1)(b)(ii)(A), if paragraph 66(1)(b) were read without reference to the supplementary benefits payable under Part III of the Act,

    • (ii) the reduction that is necessary in order that the elective beneficiary could be entitled to an immediate annual allowance equal to 40% of the annuity referred to in clause 66(1)(b)(ii)(A), if paragraph 66(1)(b) were read without reference to the supplementary benefits payable under Part III of the Act, or

    • (iii) the reduction that is necessary in order that the elective beneficiary could be entitled to an immediate annual allowance equal to 50% of the annuity referred to in clause 66(1)(b)(ii)(A), if paragraph 66(1)(b) were read without reference to the supplementary benefits payable under Part III of the Act;

  • (b) contain proof that establishes, to the Minister’s satisfaction, the date of birth of the elective beneficiary;

  • (c) contain proof that establishes, to the Minister’s satisfaction, that the contributor and the elective beneficiary are

    • (i) married, or

    • (ii) cohabiting in a relationship of a conjugal nature, having so cohabited for a period of at least one year;

  • (d) if the name of the elective beneficiary indicated in the proof referred to in paragraph (b) is not the same as the one indicated in the proof referred to in paragraph (c), contain proof that the names that were indicated refer to the elective beneficiary or a statutory declaration by which the elective beneficiary declares that they are the person referred to in both cases; and

  • (e) be signed by the contributor and a witness, other than the elective beneficiary, and bear the date of the contributor’s signature.

  • SOR/94-276, s. 1
  • SOR/2024-175, s. 1

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