GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Retirement Compensation Arrangements Regulations, No. 1 — 54.1
54.1 (1) A benefit shall be paid to a survivor or child of a participant equal to the amount by which an allowance payable to that person under the Canadian Forces Superannuation Act is reduced as a result of the operation of the limits set out in subsections 19.2(1) to (5) of the Canadian Forces Superannuation Regulations, which limits apply, as provided in subsection 19.2(6) of those Regulations, to amounts payable in respect of a contributor who dies after the coming into force of this section. (2) The benefit referred to in subsection (1) is payable in the same manner and subject to the same terms and conditions as apply to the payment of the allowance before the reduction. SOR/2002-73, s. 22
Retirement Compensation Arrangements Regulations, No. 1 — 55
55 Words and expressions used in this Part and not otherwise defined in the Act or in these Regulations have the same meaning as in the Royal Canadian Mounted Police Superannuation Act .
Retirement Compensation Arrangements Regulations, No. 1 — 56
56 (1) Contributions by a participant to the Retirement Compensation Arrangements Account shall be on any amount of the participant’s annual pay that exceeds the amount determined under section 8.1 of the Royal Canadian Mounted Police Superannuation Regulations and shall be calculated at the rates and paid in the manner set out in subsection 5(1), (2), (5), (6) or (7) of the Royal Canadian Mounted Police Superannuation Act . (2) Contributions in respect of periods of leave without pay shall be calculated as set out in section 10 of the Royal Canadian Mounted Police Superannuation Regulations and shall be paid in the manner set out in sections 10.2 to 10.6 of those Regulations. (3) An election under section 6.1 of the Royal Canadian Mounted Police Superannuation Act in respect of a period of leave without pay constitutes an election not to contribute to the Retirement Compensation Arrangements Account in respect of that period. SOR/2002-73, s. 24; SOR/2012-131, s. 1
Retirement Compensation Arrangements Regulations, No. 1 — 57
57 (1) A participant who makes an election under any of clauses 6(b)(ii)(B) to (K), (M) and (N) of the Royal Canadian Mounted Police Superannuation Act shall pay to the Retirement Compensation Arrangements Account, in respect of the portion of the participant’s annual pay that exceeds the amount determined under section 8.1 of the Royal Canadian Mounted Police Superannuation Regulations , the amount that the participant would be required to contribute in respect of that portion under section 7 of that Act. (2) The participant shall pay the amount in the manner set out in subsection 8(5) of the Royal Canadian Mounted Police Superannuation Act . However, if the participant opts to pay for a period of service referred to in clause 6(b)(ii)(N) of that Act in a lump sum, the participant shall ensure that the amount to be paid is received by the Commissioner within 30 days after the day on which the Commissioner sends notice to the participant of the amount to be paid. (3) Sections 9.02 to 9.04 of the Royal Canadian Mounted Police Superannuation Regulations apply, with any necessary modifications, to a participant who makes an election referred to in subsection (1). (4) The fact that a participant has opted to pay by instalments for a period of service referred to in subparagraph 6(b)(ii) of the Royal Canadian Mounted Police Superannuation Act and ceases to be a member of the Force before having paid all of the instalments constitutes a circumstance referred to in section 15 of the Act under which the contributor is required to contribute by reservation from any benefit referred to in that section. The unpaid amount shall be reserved in accordance with section 9.05 of the Royal Canadian Mounted Police Superannuation Regulations . (5) Any amount that may be recovered under subsection 24(1) of the Act shall bear simple interest at 4% per year and shall be recovered in accordance with section 9.08 of the Royal Canadian Mounted Police Superannuation Regulations . SOR/2012-131, s. 1
Retirement Compensation Arrangements Regulations, No. 1 — 58
58 (1) A participant who makes an election under clause 6(b)(ii)(L), (O) or (P) of the Royal Canadian Mounted Police Superannuation Act shall pay to the Retirement Compensation Arrangements Account an amount equal to the difference between the amount to be paid that would be determined in accordance with section 9.09 of the Royal Canadian Mounted Police Superannuation Regulations if subparagraph 10(1)(b)(iii) of that Act and section 20.2 of those Regulations were taken into account and the amount to be paid that would be determined if those two provisions were not taken into account. (2) The participant shall pay the amount in the manner set out in subsection 8(5) of the Royal Canadian Mounted Police Superannuation Act . However, if the participant opts to pay in a lump sum, the participant shall ensure that the amount to be paid is received by the Commissioner within 30 days after the day on which the Commissioner sends notice to the participant of the amount to be paid. (3) The fact that a participant has opted to pay by instalments for a period of service referred to in subparagraph 6(b)(ii) of the Royal Canadian Mounted Police Superannuation Act and ceases to be a member of the Force before having paid all of the instalments constitutes a circumstance referred to in section 15 of the Act under which the contributor is required to contribute by reservation from any benefit referred to in that section. The unpaid amount shall be reserved in accordance with section 9.05 of the Royal Canadian Mounted Police Superannuation Regulations . (4) Any amount that may be recovered under subsection 24(1) of the Act shall bear simple interest at 4% per year and shall be recovered in accordance with section 9.08 of the Royal Canadian Mounted Police Superannuation Regulations . SOR/2012-131, s. 1
Retirement Compensation Arrangements Regulations, No. 1 — 59
59 A participant becomes subject to the retirement compensation arrangement on the later of (a) the day on which the participant’s annual rate of pay exceeds the annual rate of pay determined under section 8.1 of the Royal Canadian Mounted Police Superannuation Regulations , and (b) December 15, 1994.
Retirement Compensation Arrangements Regulations, No. 1 — 60
60 A participant ceases to be required to contribute to the Retirement Compensation Arrangements Account under this Part on the day on which the participant ceases to be required to contribute under Part I of the Royal Canadian Mounted Police Superannuation Act . SOR/2002-73, s. 25
Retirement Compensation Arrangements Regulations, No. 1 — 61
61 (1) A benefit shall be paid under this Part to a participant who is entitled to an annuity or annual allowance under the Royal Canadian Mounted Police Superannuation Act as of the same day that the annuity or annual allowance becomes payable. (2) Subject to subsection 62(1), the benefit to which a participant is entitled shall be in an amount equal to (a) the amount of the annuity or annual allowance that would be payable to the participant under Part I of the Royal Canadian Mounted Police Superannuation Act if paragraph 10(1)(b) of that Act applied without reference to the annual rate of pay fixed by or determined in accordance with the regulations referred to in subparagraph 10(1)(b)(iii) of that Act, less (b) any annuity or annual allowance payable to the participant under that Act and any benefit payable under subsection 67.1(2), in respect of the period of pensionable service to the credit of the participant. (3) The benefit to which a participant is entitled is payable in the same manner and subject to the same conditions as the annuity or annual allowance payable to the participant under the Royal Canadian Mounted Police Superannuation Act . SOR/2002-73, s. 26; SOR/2003-230, s. 12; SOR/2012-131, s. 3
Retirement Compensation Arrangements Regulations, No. 1 — 62
62 (1) For the purposes of subsection 61(2), where a participant has made an election under section 14.1 of the Royal Canadian Mounted Police Superannuation Act in respect of a spouse married when the participant was over 60 years of age, the amount determined under paragraph 61(2)(a) shall be reduced by the same proportion, and for the same period, as the participant’s annuity or annual allowance is reduced under section 42 of the Royal Canadian Mounted Police Superannuation Regulations . (2) The reduction in the benefit referred to in subsection (1) shall be effective on the same day as is the reduction calculated under section 42 of the Royal Canadian Mounted Police Superannuation Regulations .
Retirement Compensation Arrangements Regulations, No. 1 — 63
63 The benefit payable to the surviving spouse of a participant who has made an election under section 14.1 of the Royal Canadian Mounted Police Superannuation Act , where that spouse married the participant when the participant was over 60 years of age, is equal to the amount determined under subsection 61(2), read without reference to subsection 62(1), multiplied by the percentage of the participant’s annuity or annual allowance, calculated before any reduction is made under section 42 of the Royal Canadian Mounted Police Superannuation Regulations , that the spouse will receive as an allowance under section 51 of those Regulations.
Retirement Compensation Arrangements Regulations, No. 1 — 64
64 (1) Subject to subsection (2), a participant shall be entitled to a return of contributions made under this Part, together with interest calculated at the rate set out in the Royal Canadian Mounted Police Superannuation Act , if the participant is entitled to a return of contributions under that Act. (2) No return of contributions is payable to a participant under subsection (1) if the difference calculated under subsection 61(2) is nil.
Retirement Compensation Arrangements Regulations, No. 1 — 64.1
64.1 (1) A participant who opts for a transfer value under section 12.1 of the Royal Canadian Mounted Police Superannuation Act on or after September 1, 2003 shall receive a lump sum amount in place of any other benefit under this Division. (2) The lump sum amount is equal to the amount by which the amount referred to in paragraph (a) is greater than the amount referred to in paragraph (b): (a) the amount of the transfer value that would be paid to the participant under section 12.1 of the Royal Canadian Mounted Police Superannuation Act on valuation day if paragraph 10(1)(b) of that Act applied without reference to the annual rate of pay referred to in subparagraph 10(1)(b)(iii) of that Act; (b) any amount paid or payable to or in respect of the participant under that Act and section 67.2 in respect of the period of pensionable service to which the transfer value relates. SOR/2012-131, s. 5
Retirement Compensation Arrangements Regulations, No. 1 — 65
65 (1) If a participant dies, leaving no survivor or child to whom a benefit may be paid under this Part, or if the persons to whom such a benefit may be paid die or cease to be entitled to the benefit, there shall be paid to the beneficiary of the benefit referred to in subsection 22(2) of the Royal Canadian Mounted Police Superannuation Act , subject to the same conditions as are specified in that Act for the payment of such a benefit, a benefit calculated in accordance with subsections (2) to (4). (2) Subject to subsection (3), if five times the aggregate of the benefits referred to in paragraphs (a) and (b) is greater than the total of the participant’s contributions under this Part and under Part I of the Royal Canadian Mounted Police Superannuation Act , together with interest thereon calculated at the rate and in the manner set out in subsection 9(6) of that Act, the amount of a benefit payable under subsection (1) shall be five times the aggregate of (a) the annual amount of any benefit payable to the participant under this Division, determined in accordance with subsection 61(2), not reduced on account of the age, period of pensionable service or period of service in the Force of the participant, and (b) the amount of any annuity payable to the participant under the Royal Canadian Mounted Police Superannuation Act , determined in accordance with subsection 10(1) of that Act. (3) The amount of the benefit referred to in subsection (2) shall be reduced by the following amounts paid to or in respect of the participant: (a) any amount paid under this Part; and (b) any amount paid under Part I of the Royal Canadian Mounted Police Superannuation Act , including any amount paid under section 22 of that Act. (4) If the amount determined under subsection (2) is less than the total of the participant’s contributions under this Part and Part I of the Royal Canadian Mounted Police Superannuation Act together with interest thereon calculated at the rate and in the manner set out in subsection 9(6) of that Act, the benefit payable under subsection (1) shall be equal to the participant’s contributions under this Part together with interest thereon calculated at the same rate and in the same manner reduced by any amount paid to or in respect of the participant under this Part. SOR/2002-73, s. 27; SOR/2012-131, s. 6
Retirement Compensation Arrangements Regulations, No. 1 — 66
66 Section 22 of the Royal Canadian Mounted Police Superannuation Regulations applies to benefits under this Part in the same manner in which that section would apply to an annuity or annual allowance payable under the Royal Canadian Mounted Police Superannuation Act .
Retirement Compensation Arrangements Regulations, No. 1 — 67
67 Where as a result of an election made under section 24 of the Royal Canadian Mounted Police Superannuation Act the participant ceases to be entitled to benefits provided under the Public Service Superannuation Act or the Canadian Forces Superannuation Act , any contributions paid by the participant under Part II or III shall be considered to have been paid under this Part and the benefits to which the participant shall be entitled are those payable under this Part.
Retirement Compensation Arrangements Regulations, No. 1 — 67.02
67.02 The lump sum amount referred to in paragraph 67.01(2)(a) is equal to the amount by which the amount referred to in paragraph (a) is greater than the amount referred to in paragraph (b): (a) the amount of the transfer value that would be paid to the participant under section 12.1 of the Royal Canadian Mounted Police Superannuation Act on valuation day, whether or not the participant would otherwise be entitled to a transfer value, if paragraph 10(1)(b) of that Act applied without reference to the annual rate of pay referred to in subparagraph 10(1)(b)(iii) of that Act; (b) any amount paid or payable to or in respect of the participant under that Act and section 67.2 in respect of the period of pensionable service to the credit of the participant under that Act. SOR/2012-131, s. 9
Retirement Compensation Arrangements Regulations, No. 1 — 67.03
67.03 Any amount transferred by an eligible employer from the employer’s external retirement compensation arrangement in respect of a participant, in accordance with an agreement referred to in subsection 24.1(2) of the Royal Canadian Mounted Police Superannuation Act that provides for payment of that amount to the Retirement Compensation Arrangements Account, shall be credited to that account. SOR/2012-131, s. 9
Retirement Compensation Arrangements Regulations, No. 1 — 67.1
67.1 (1) A benefit shall be paid to a survivor or child of a participant equal to the amount by which an allowance payable to that person under the Royal Canadian Mounted Police Superannuation Act is reduced as a result of the operation of the limits set out in subsections 20.2(1) to (5) of the Royal Canadian Mounted Police Superannuation Regulations , which limits apply, as provided in subsection 20.2(6) of those Regulations, to amounts payable in respect of a contributor who dies after the coming into force of this section. (2) A benefit shall be paid to a participant equal to the amount by which an annual allowance payable to that person under the Royal Canadian Mounted Police Superannuation Act is reduced as a result of the operation of the limit set out in subsection 52(1) of the Royal Canadian Mounted Police Superannuation Regulations , which limit applies, as provided in subsection 52(2) of those Regulations, to an annual allowance payable in respect of a contributor who ceases to be employed after the coming into force of this section. (3) The benefit referred to in subsection (1) or (2) is payable in the same manner and subject to the same terms and conditions as apply to the payment of the allowance or annual allowance referred to in that subsection, as the case may be, before the reduction. SOR/2002-73, s. 28
Retirement Compensation Arrangements Regulations, No. 1 — 67.2
67.2 A participant who, on or after September 1, 2003, opts for a transfer value under section 12.1 of the Royal Canadian Mounted Police Superannuation Act or becomes entitled to the payment referred to in subsection 24.1(7) of that Act shall receive a benefit in the form of a lump sum amount equal to the amount by which the transfer value is reduced as a result of the operation of the limits set out in section 20.2 of the Royal Canadian Mounted Police Superannuation Regulations . SOR/2012-131, s. 11
Retirement Compensation Arrangements Regulations, No. 1 — 68
68 (1) Subject to subsection (2), supplementary benefits shall be paid in respect of periodic payments payable under any of Parts I to IV at the same rates and in the same manner as are specified under the Supplementary Retirement Benefits Act for the payment of supplementary payments. (2) Supplementary benefits in respect of benefits payable under Part I shall be calculated in reference to the date on which the participant ceases to be required to contribute to the Retirement Compensation Arrangement Account under that Part. SOR/2002-73, s. 29
Retirement Compensation Arrangements Regulations, No. 1 — 69
69 Where under Part II, III or IV an amount has been paid in error to a participant, an amount equal to the amount paid in error shall be recovered in the same manner as is specified (a) in respect of a participant under Part II, in section 20; (b) in respect of a participant under Part III, in section 28 of the Canadian Forces Superannuation Regulations ; and (c) in respect of a participant under Part IV, in subsection 9(6) of the Royal Canadian Mounted Police Superannuation Regulations .
Retirement Compensation Arrangements Regulations, No. 1 — 70
70 (1) For the purposes of subsection 16(1) of the Act, the following are designated corporations: (a) every public service corporation set out in Part I of Schedule I to the Public Service Superannuation Act ; and (b) every corporation that forms part of the public service as a result of a direction of the Treasury Board made under paragraph 40.1(2)(a) of the Public Service Superannuation Act , during the period set out in the direction. (2) Every corporation referred to in subsection (1) shall pay to the Retirement Compensation Arrangements Account an amount equal to (a) in respect of each month during the period from December 15, 1994 to March 31, 1995, the amount contributed to that Account by each employee who is a participant, unless the employee has contributed in respect of that period at a rate equal to twice the rate referred to in subsection 29(1); and (b) in respect of each month after March 31, 1995, an amount equal to the total of (i) in respect of each employee who contributed to that Account in respect of that month at twice the rate referred to in section 29(1), the product of (A) the amount contributed by the employee in respect of that month, multiplied by (B) the rate used in estimating an amount under paragraph 18(1)(a) of the Act in respect of that month less the applicable rate set out in section 5 of the Public Service Superannuation Act , divided by 2, and (ii) in respect of every other employee who contributed to that Account in respect of that month, (A) the amount contributed by the employee in respect of that month, multiplied by (B) the rate used in estimating an amount under paragraph 18(1)(a) of the Act in respect of that month. SOR/98-510, s. 1; SOR/2002-73, s. 30; SOR/2012-114, s. 7(F); SOR/2016-156, s. 11(E)
Retirement Compensation Arrangements Regulations, No. 1 — 71
71 Sections 30, 35 and 47 and subsections 48(1) to (5) of the Public Service Superannuation Regulations apply to benefits under a retirement compensation arrangement in the same manner in which those provisions would apply to an annuity or annual allowance payable under the Public Service Superannuation Act .
Retirement Compensation Arrangements Regulations, No. 1 — 72
72 The period referred to in subsection 19(3) of the Act begins on the first day of the fiscal year in which the report referred to in subsection 19(1) of the Act is laid before Parliament and ends on the last day of the fifteenth fiscal year after the tabling of that report. SOR/2003-230, s. 14
Retirement Compensation Arrangements Regulations, No. 1 — 112
Terminology change — English version 112 Unless the context requires otherwise, every reference to “Force” is replaced by a reference to “RCMP” in the English version of every Act of Parliament and the English version of every order, regulation or other instrument made under an Act of Parliament.
Protection of Assets (Fraternal Benefit Societies) Regulations — *
His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraph 703(g) of the Insurance Companies Act * , is pleased hereby to make the annexed Regulations respecting the protection and maintenance of assets of societies . * S.C. 1991, c. 47
Protection of Assets (Fraternal Benefit Societies) Regulations — 1
1 These Regulations may be cited as the Protection of Assets (Fraternal Benefit Societies) Regulations .
Protection of Assets (Fraternal Benefit Societies) Regulations — 2
2 In these Regulations, bond means a contract of insurance by which one party agrees to indemnify another party for loss arising out of the act of a third party; ( caution ) security , in respect of a society, means a negotiable security beneficially owned or held by the society or held by the society in trust, but does not include a security issued by the society; ( titre ) security transaction means a purchase, sale, redemption, exchange, transfer or assignment of, or other transaction in respect of, a security. ( opération sur titres )
Protection of Assets (Fraternal Benefit Societies) Regulations — Protection of Assets (Fraternal Benefit Societies) Regulations
bond means a contract of insurance by which one party agrees to indemnify another party for loss arising out of the act of a third party; ( caution )
Protection of Assets (Fraternal Benefit Societies) Regulations — Protection of Assets (Fraternal Benefit Societies) Regulations
security , in respect of a society, means a negotiable security beneficially owned or held by the society or held by the society in trust, but does not include a security issued by the society; ( titre )
Protection of Assets (Fraternal Benefit Societies) Regulations — Protection of Assets (Fraternal Benefit Societies) Regulations
security transaction means a purchase, sale, redemption, exchange, transfer or assignment of, or other transaction in respect of, a security. ( opération sur titres )
Protection of Assets (Fraternal Benefit Societies) Regulations — 3
3 These Regulations do not apply to a society (a) that is carrying on business in a jurisdiction in compliance with a law of that jurisdiction, to the extent that that law is inconsistent with these Regulations; or (b) to the extent that they are inconsistent with (i) a power conferred, or a duty imposed, on the society in respect of the administration of an estate or trust, or (ii) the discharge of the society’s responsibilities in acting as an agent.