Canadian Forces Superannuation Regulations

73 (1) Subject to subsection (2), the amount of the reduction of a contributor’s annuity or annual allowance, determined in accordance with section 66, is to be subtracted from the monthly instalments of the annuity or annual allowance payable to the contributor, beginning on the first day of the second month after the month in which the option is exercised.

(2) In the case of a contributor who exercises a new option in accordance with subsection 70(4), the amount of the reduction determined in accordance with section 66 is to be subtracted from the monthly instalments of the annuity or annual allowance payable to the contributor, beginning on the first day of the month after the month in which the new option is exercised.