GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Government Annuities Regulations — Government Annuities Regulations
“If for any reason other than his death a member should cease to be employed by the employer before his Normal Retirement Date, the total of the contributions which he has made under the Plan will remain at his credit with the Government, to provide him with an annuity commencing at Normal Retirement Date, or any earlier anniversary thereof.  The member will have the privilege of continuing contributions in order to increase the amount of his annuity”
Government Annuities Regulations — 6
6 The forms of application and formal contracts and the terms therein contained shall be such as are approved by the Governor in Council and all formal contracts when issued and all formal endorsements added thereto shall be signed by, or bear a facsimile or lithographed signature of the Minister or Deputy Minister and be countersigned by such officer or officers of the Branch as the Minister may direct.
Government Annuities Regulations — 7
7 The age, identity, existence, death, residence or domicile of persons shall be proven by submission of such documents or other evidence as the Minister requires or directs.
Government Annuities Regulations — 8
8 The purchaser of a deferred annuity may make payments at an accounting Post Office and when so doing shall be furnished with a passbook in form approved by the Minister, and the postal employee who receives the payments shall enter records thereof in the passbook when the payments are made.
Government Annuities Regulations — 9
9 All annuities shall be paid monthly unless otherwise agreed upon by the purchaser and the Minister.
Government Annuities Regulations — 10
10 Moneys repayable under subsection 12(1) of the Act may, at the request of the person entitled to payment and with the concurrence of the Minister, be paid in instalments.
Government Annuities Regulations — 11
11 Where an annuity contract does not already so provide, the Minister may, upon the written application and consent of the purchaser received before the annuity becomes payable, enter into an agreement with the purchaser varying the terms of the contract (a) if the contract is for the life of one annuitant only, to provide an annuity for the life of the annuitant, or for a term of years certain not to exceed 20 years or the life of the annuitant, whichever period is longer, or (b) to have the annuity become payable on any future day before or after the day on which the annuity becomes payable under the contract and the annuity or premiums shall be re-calculated to take into account the variation of such terms.
Government Annuities Regulations — 13
13 The Minister may enter into an agreement to substitute another contract for a contract for the payment of an annuity entered into under the Act or other authority of Parliament, as follows: (a) in any case where the contract for the purchase of the annuity was not entered into pursuant to subsection 6(3) of the Act, (i) where two persons have entered into the contract and those two persons apply to the Minister to delete the name of one of the purchasers from the contract, to substitute another contract for the original contract in the name of one purchaser bearing the same effective date as the original contract, and (ii) in any other case, in such manner as the Minister deems advisable and Treasury Board approves; and (b) in any case where the contract was entered into pursuant to subsection 6(3) of the Act (i) where the purchaser ceases to employ registered employees, either in whole or in part, by reason of having disposed of the whole or any part of his undertaking or business and any of the registered employees become employees of the person to whom the purchaser has disposed of his undertaking or business, to provide that the person to whom the purchaser has disposed of his undertaking or business shall stand in the stead of the purchaser and all the rights of the registered employees shall continue as if the undertaking or business or any part thereof had not been disposed of, and (ii) in any other case, in such manner as the Minister deems advisable and Treasury Board approves.
Government Annuities Regulations — 14
14 The Minister may enter into a contract to provide for the payment of an annuity the amount of which decreases on a day specified in the contract and under which there may be paid an annuity greater than the maximum permitted under the Act between the due date of the first instalment of annuity and the said day, but in no case shall the annuity agreed to be paid exceed the actuarial equivalent of a constant annuity for the maximum amount so permitted in respect of the annuitant, having the same date of commencement and the same term certain, if any, as the annuity payable under the contract.
Government Annuities Regulations — 15
15 (1) The Minister may enter into an agreement with the purchaser to vary the terms of a contract or to include a term in a contract entered into pursuant to subsection 6(3) of the Act, to provide that, where an employee has retired or has otherwise ceased to be employed by his employer and the premiums then held for his account are not sufficient to purchase, pursuant to such options as are available to him, an annuity on his life of $120 a year commencing at normal retirement date, the employee may, at a time stipulated in the agreement, surrender his rights to receive the whole or part of his annuity under the contract in consideration of a single payment being made to him, without interest, of an amount that bears the same ratio to the amount of premiums unconditionally held for his account as the portion of the annuity being surrendered bears to the whole annuity. (2) Where an agreement is entered into in accordance with subsection (1), it shall provide that an employee shall not be permitted to make an election thereunder where such election would result in a forfeiture of any employer premiums which would otherwise vest in him at retirement. (3) The rate or rates of interest to be used in calculating the annuity that the premiums held for the employee’s account are sufficient to purchase shall be the rate or rates of interest applicable to the annuity contract pursuant to the Act. (4) Notwithstanding subsection (1), interest at seven per cent per annum for the period commencing April 1, 1975 or the date the premium was paid, whichever is later, will be added to the premiums being refunded, such interest to be calculated to the date the refund is made. (5) The provisions of subsections (3) and (4) shall be made provisions of every contract to which subsection (1) applies.
Government Annuities Regulations — 16
16 (1) Notwithstanding anything in these Regulations, where the Minister has under the Act entered into a contract, the effective date of which is later than May 31, 1920, for payment of a deferred annuity (a) to two persons during their joint lives with continuation to the survivor, or (b) to one person during his lifetime with continuation to another person, if surviving, during his lifetime, and one of them dies before the annuity becomes payable, such contract shall, on application in writing by the survivor received by the Minister, be converted into a contract for the payment of an annuity to the said survivor of an amount not exceeding the maximum that might have been paid to him under the original contract. (2) Where conversion of a contract is made under subsection (1), the premium shall be recalculated in accordance with the rate of interest and the mortality tables that were in effect at the time the contract was entered into and that would have been applied if the survivor had been the sole annuitant thereunder. (3) The conversion of a contract under subsection (1) may be effected by endorsement written upon or attached to the original contract and executed in accordance with section 6. (4) Notwithstanding anything in this section, subsection (1) does not apply to contracts designated or engrossed as a deferred last survivor annuity contract, Plan B.
Government Annuities Regulations — 17
17 (1) In this section “public service employer” means a Crown corporation as defined in section 76 of the Financial Administration Act (except any such corporation specified in Part I of Schedule A of the Public Service Superannuation Act ), the Bank of Canada and the government of a province. (2) Where an employee registered under a contract entered into pursuant to subsection 6(3) of the Act becomes (a) a contributor under the Public Service Superannuation Act , or (b) a participant in a superannuation or pension fund or plan for employees of a public service employer, he may, with the concurrence of the Minister and the purchaser, surrender all or part of his rights and benefits under the contract in consideration of having an amount that bears the same ratio to the total of the employee premiums and accrued interest and such employer premiums and accrued interest as may be unconditionally held for his account as the portion of the annuity rights and benefits being surrendered bears to the whole annuity transferred to his credit to the Superannuation Account or to the superannuation or pension fund or plan of the public service employer concerned. (3) The Minister shall not concur with a surrender mentioned in subsection (1) by a contributor under the Public Service Superannuation Act unless he is satisfied that the contributor will be entitled, upon surrendering all his rights and benefits in accordance with subsection (2) to make a valid election under the Public Service Superannuation Act to count thereunder as pensionable service his service with the purchaser. (4) The Minister shall not concur with a surrender mentioned in subsection (1) by a participant in a superannuation or pension fund or plan for employees of a public service employer unless he is satisfied that the participant is eligible to count and does count his service with the purchaser as pensionable service under such superannuation or pension fund or plan.
Government Annuities Regulations — 18
18 The Minister may enter into an agreement to vary the terms of a contract entered into pursuant to section 4 of the Act, or he may vary the terms of an approved form of contract being entered into pursuant to that section, so that the contract conforms to the requirements of the Income Tax Act respecting a “Registered Retirement Savings Plan” within the meaning of that Act.
Government Annuities Regulations — 19
19 Where the amount payable by way of an annuity or annuities to an employee who is registered under an annuity contract mentioned in subsection 6(3) of the Act is increased and that increase is purchased with moneys that have been paid by the employer pursuant to the contract and that would otherwise be refundable under the contract to the employer without interest, the total amount payable by way of an increased annuity or increased annuities may exceed the maximum permitted by subsection 6(1) of the Government Annuities Improvement Act .
Government Annuities Regulations — 20
20 The amount of the lump sum payment that is payable pursuant to section 9 of the Government Annuities Improvement Act shall be calculated as the value of the remaining instalments that would (a) be payable under the contract pursuant to section 5 of the Government Annuities Improvement Act , discounted at the rate of seven per cent per annum, or (b) otherwise have been payable under the contract, discounted at the rate or rates of interest applicable to the annuity contract pursuant to the Act, whichever produces the greater amount.
Government Annuities Regulations — 21
21 Where the purchaser or an annuitant under an annuity contract dies outside Canada, a grant of letters probate, or similar document of a court or authority outside Canada may be proved by the production of a copy of such document duly certified or authenticated by a judge or officer of that court or authority or a notary public or in such other manner as is acceptable to the Minister.
Government Annuities Regulations — Government Annuities Regulations
Monthly additional annuity for each $10 a month Old Age Security Pension. Take maturity age to years and completed months, and add the monthly difference times the number of months. For full monthly additional annuity multiply the resulting figure by the Monthly Old Age Security Pension and divide by 10.
Government Annuities Regulations — Government Annuities Regulations
The last increased payment is the one falling due in the month for which Old Age Security Pension is first payable.
Government Annuities Regulations — Government Annuities Regulations
This table applies to persons born in 1905 and after. Males Age Ordinary Guaranteed 10 Guaranteed 15 Guaranteed 20 Mon. Diff. Mon. Diff. Mon. Diff. Mon. Diff. $ $ $ $ 50 2.448 .016 2.335 .014 2.217 .021 2.674 .024 51 2.642 .017 2.510 .016 2.475 .025 2.966 .026 52 2.856 .019 2.702 .017 2.779 .027 3.280 .028 53 3.093 .021 2.913 .019 3.109 .029 3.618 .030 54 3.355 .024 3.145 .021 3.467 .032 3.980 .032 55 3.648 .027 3.400 .032 3.856 .035 4.368 .034 56 3.974 .030 3.793 .038 4.276 .037 4.783 .036 57 4.339 .034 4.250 .041 4.731 .041 5.226 .039 58 4.750 .038 4.750 .045 5.223 .044 5.697 .041 59 5.213 .043 5.298 .049 5.752 .047 6.197 .044 60 5.736 .049 5.896 .054 6.321 .050 6.727 .046 61 6.331 .056 6.548 .059 6.931 .054 7.290 .049 62 7.010 .064 7.260 .064 7.586 .058 7.881 .052 63 7.787 .074 8.034 .070 8.284 .062 8.505 .054 64 8.682 8.874 9.029 9.160 Females Age Ordinary Guaranteed 10 Guaranteed 15 Guaranteed 20 Mon. Diff. Mon. Diff. Mon. Diff. Mon. Diff. $ $ $ $ 50 2.781 .017 2.668 .016 2.557 .021 2.906 .023 51 2.988 .018 2.860 .017 2.814 .024 3.186 .025 52 3.213 .020 3.069 .019 3.110 .026 3.487 .026 53 3.460 .022 3.297 .020 3.428 .028 3.809 .028 54 3.732 .024 3.547 .022 3.771 .030 4.154 .030 55 4.030 .027 3.819 .031 4.140 .033 4.523 .033 56 4.360 .030 4.200 .036 4.538 .035 4.919 .035 57 4.725 .033 4.633 .039 4.967 .038 5.342 .037 58 5.130 .037 5.103 .042 5.431 .041 5.794 .040 59 5.580 .041 5.614 .046 5.930 .044 6.275 .042 60 6.083 .047 6.170 .050 6.467 .048 6.788 .045 61 6.648 .052 6.775 .055 7.047 .051 7.334 .048 62 7.283 .059 7.435 .060 7.670 .055 7.911 .050 63 8.001 .068 8.155 .065 8.339 .059 8.522 .053 64 8.817 8.939 9.055 9.168
Government Annuities Regulations — Government Annuities Regulations
Monthly additional annuity for each $10 a month Old Age Security Pension. For full monthly additional annuity multiply by the monthly amount of Old Age Security Pension divide by 10 and round off to nearest cent.
Government Annuities Regulations — Government Annuities Regulations
The last increased payment is the one falling due in the month for which Old Age Security is first payable.
Government Annuities Regulations — Government Annuities Regulations
This table applies to persons born in 1904 and before. Males Number of Months at Full Rate Ordinary Guar. 10 Guar. 15 and Guar. 20 $ $ $ 13 8.740 8.897 9.074 14 8.656 8.822 9.010 15 8.572 8.747 8.946 16 8.487 8.671 8.881 17 8.403 8.596 8.817 18 8.319 8.521 8.753 19 8.235 8.445 8.688 20 8.150 8.370 8.624 21 8.066 8.295 8.560 22 7.982 8.219 8.495 23 7.898 8.144 8.431 24 7.813 8.069 8.367 25 7.729 7.993 8.302 26 7.645 7.918 8.238 27 7.579 7.852 8.178 28 7.512 7.785 8.119 29 7.446 7.719 8.059 30 7.380 7.653 8.000 31 7.314 7.586 7.940 32 7.247 7.520 7.880 33 7.181 7.454 7.821 34 7.115 7.387 7.761 35 7.049 7.321 7.702 36 6.982 7.255 7.642 37 6.916 7.188 7.583 38 6.850 7.122 7.523 39 6.799 7.065 7.469 40 6.748 7.009 7.416 41 6.697 6.952 7.362 42 6.646 6.896 7.309 43 6.595 6.839 7.255 44 6.543 6.783 7.201 45 6.492 6.726 7.148 46 6.441 6.670 7.094 47 6.390 6.613 7.041 48 6.339 6.557 6.987 49 6.288 6.500 6.934 50 6.237 6.444 6.880 51 6.193 6.395 6.832 52 6.149 6.346 6.783 53 6.105 6.297 6.735 54 6.060 6.247 6.686 55 6.016 6.198 6.638 56 5.972 6.149 6.590 57 5.928 6.100 6.541 58 5.884 6.051 6.493 59 5.839 6.002 6.444 60 5.795 5.952 6.396 61 5.751 5.903 6.347 62 5.707 5.854 6.299 Females Number of Months at Full Rate Ordinary Guar. 10 Guar. 15 and Guar. 20 $ $ $ 13 8.837 8.940 9.089 14 8.763 8.870 9.027 15 8.689 8.800 8.965 16 8.615 8.730 8.902 17 8.541 8.660 8.840 18 8.467 8.590 8.778 19 8.393 8.520 8.715 20 8.318 8.451 8.653 21 8.244 8.381 8.591 22 8.170 8.311 8.528 23 8.096 8.241 8.466 24 8.022 8.171 8.404 25 7.948 8.101 8.341 26 7.874 8.031 8.279 27 7.813 7.969 8.222 28 7.752 7.908 8.165 29 7.691 7.846 8.108 30 7.630 7.785 8.050 31 7.569 7.723 7.993 32 7.507 7.661 7.936 33 7.446 7.600 7.879 34 7.385 7.538 7.822 35 7.324 7.477 7.765 36 7.263 7.415 7.707 37 7.202 7.354 7.650 38 7.141 7.292 7.593 39 7.093 7.240 7.542 40 7.045 7.188 7.492 41 6.997 7.136 7.441 42 6.949 7.085 7.391 43 6.901 7.033 7.340 44 6.853 6.981 7.289 45 6.805 6.929 7.239 46 6.757 6.877 7.188 47 6.709 6.825 7.138 48 6.661 6.774 7.087 49 6.613 6.722 7.037 50 6.565 6.670 6.986 51 6.523 6.625 6.941 52 6.480 6.580 6.895 53 6.438 6.535 6.850 54 6.396 6.490 6.805 55 6.354 6.445 6.759 56 6.311 6.399 6.714 57 6.269 6.354 6.669 58 6.227 6.309 6.623 59 6.185 6.264 6.578 60 6.142 6.219 6.533 61 6.100 6.174 6.487 62 6.058 6.129 6.442
Government Annuities Regulations — Government Annuities Regulations
Monthly additional annuity for each $10 a month Old Age Security Pension. Take maturity age to years and completed months, and add the monthly difference times the number of months. For full monthly additional annuity multiply the resulting figure by the monthly Old Age Security Pension and divide by 10.
Government Annuities Regulations — Government Annuities Regulations
This table applies to persons born in 1905 and after. Males Mty Age Ordinary Guaranteed 5 Guaranteed 10 Guaranteed 15 Guaranteed 20 Mon. Diff. Mon. Diff. Mon. Diff. Mon. Diff. Mon. Diff. $ $ $ $ $ 50 2.901 .017 2.881 .016 2.824 .015 2.729 .020 3.024 .022 51 3.105 .018 3.082 .018 3.015 .017 2.979 .023 3.292 .024 52 3.329 .020 3.302 .020 3.224 .018 3.257 .025 3.582 .026 53 3.574 .022 3.542 .021 3.449 .020 3.559 .027 3.894 .028 54 3.842 .024 3.804 .024 3.696 .022 3.888 .029 4.230 .030 55 4.139 .027 4.094 .026 3.964 .030 4.245 .032 4.590 .032 56 4.465 .030 4.411 .029 4.334 .034 4.632 .034 4.978 .034 57 4.826 .033 4.762 .032 4.750 .038 5.050 .037 5.394 .037 58 5.226 .037 5.150 .035 5.207 .041 5.504 .040 5.838 .039 59 5.672 .041 5.581 .039 5.704 .045 5.994 .044 6.312 .042 60 6.169 .046 6.060 .049 6.249 .049 6.522 .047 6.819 .044 61 6.725 .052 6.657 .055 6.843 .053 7.092 .051 7.356 .047 62 7.350 .058 7.326 .061 7.490 .058 7.705 .054 7.929 .050 63 8.055 .066 8.064 .067 8.196 .064 8.364 .058 8.534 .053 64 8.854 8.877 8.964 9.069 9.173 Females Mty Age Ordinary Guaranteed 5 Guaranteed 10 Guaranteed 15 Guaranteed 20 Mon. Diff. Mon. Diff. Mon. Diff. Mon. Diff. Mon. Diff. $ $ $ $ $ 50 3.346 .017 3.328 .017 3.280 .017 3.205 .020 3.387 .021 51 3.561 .019 3.541 .019 3.487 .018 3.451 .022 3.641 .022 52 3.794 .020 3.771 .020 3.710 .020 3.719 .024 3.914 .024 53 4.045 .022 4.020 .022 3.952 .021 4.008 .025 4.207 .026 54 4.319 .024 4.291 .024 4.214 .023 4.318 .027 4.521 .028 55 4.617 .027 4.585 .026 4.496 .029 4.652 .029 4.858 .030 56 4.941 .029 4.904 .029 4.848 .032 5.011 .032 5.219 .032 57 5.295 .032 5.253 .031 5.234 .035 5.399 .034 5.606 .034 58 5.682 .035 5.634 .034 5.655 .038 5.818 .037 6.021 .037 59 6.107 .038 6.052 .038 6.111 .041 6.269 .040 6.466 .039 60 6.574 .043 6.510 .044 6.605 .044 6.756 .043 6.943 .042 61 7.094 .047 7.049 .049 7.143 .048 7.282 .047 7.451 .045 62 7.662 .052 7.644 .054 7.728 .053 7.849 .051 7.995 .048 63 8.296 .058 8.297 .059 8.364 .057 8.461 .054 8.575 .051 64 9.001 9.013 9.058 9.120 9.192
Government Annuities Regulations — Government Annuities Regulations
This table applies to persons born in 1904 and before. Males Number of Months at Full Rate Ordinary and Guar. 5 Guar. 10 Guar. 15 and Guar. 20 $ $ $ 13 8.831 8.956 9.096 14 8.758 8.888 9.034 15 8.684 8.819 8.973 16 8.611 8.751 8.911 17 8.538 8.683 8.849 18 8.464 8.614 8.788 19 8.392 8.546 8.726 20 8.319 8.479 8.664 21 8.247 8.411 8.603 22 8.174 8.344 8.542 23 8.102 8.276 8.481 24 8.029 8.209 8.420 25 7.957 8.141 8.359 26 7.893 8.080 8.303 27 7.829 8.019 8.246 28 7.764 7.959 8.189 29 7.700 7.898 8.133 30 7.636 7.837 8.076 31 7.573 7.776 8.019 32 7.509 7.715 7.963 33 7.446 7.654 7.906 34 7.383 7.594 7.849 35 7.319 7.533 7.793 36 7.256 7.472 7.737 37 7.193 7.411 7.681 38 7.140 7.359 7.630 39 7.089 7.308 7.579 40 7.037 7.256 7.529 41 6.985 7.204 7.479 42 6.934 7.153 7.429 43 6.882 7.101 7.379 44 6.830 7.049 7.329 45 6.779 6.998 7.279 46 6.727 6.946 7.229 47 6.675 6.894 7.179 48 6.624 6.844 7.129 49 6.572 6.793 7.079 50 6.528 6.748 7.034 51 6.484 6.703 6.989 52 6.439 6.658 6.944 53 6.396 6.613 6.899 54 6.353 6.568 6.854 55 6.309 6.523 6.809 56 6.266 6.478 6.764 57 6.223 6.433 6.719 58 6.179 6.389 6.674 59 6.136 6.344 6.630 60 6.093 6.300 6.586 61 6.049 6.256 6.542 62 6.006 6.212 6.498 Females Number of Months at Full Rate Ordinary and Guar. 5 Guar. 10 Guar. 15 and Guar. 20 $ $ $ 13 8.974 9.042 9.131 14 8.911 8.981 9.074 15 8.847 8.920 9.016 16 8.784 8.859 8.959 17 8.721 8.799 8.902 18 8.657 8.737 8.844 19 8.594 8.675 8.786 20 8.529 8.614 8.729 21 8.465 8.552 8.671 22 8.401 8.490 8.614 23 8.337 8.429 8.556 24 8.273 8.367 8.498 25 8.209 8.305 8.439 26 8.153 8.251 8.387 27 8.097 8.197 8.334 28 8.041 8.143 8.282 29 7.985 8.089 8.229 30 7.929 8.034 8.177 31 7.874 7.979 8.124 32 7.818 7.924 8.072 33 7.762 7.869 8.019 34 7.706 7.814 7.967 35 7.650 7.759 7.914 36 7.594 7.704 7.862 37 7.539 7.649 7.809 38 7.493 7.604 7.764 39 7.447 7.558 7.718 40 7.401 7.512 7.672 41 7.355 7.466 7.626 42 7.309 7.420 7.580 43 7.264 7.374 7.534 44 7.218 7.329 7.489 45 7.172 7.282 7.443 46 7.125 7.235 7.397 47 7.079 7.189 7.351 48 7.032 7.142 7.305 49 6.985 7.095 7.259 50 6.946 7.055 7.219 51 6.907 7.015 7.179 52 6.868 6.975 7.138 53 6.829 6.935 7.097 54 6.789 6.895 7.056 55 6.749 6.855 7.015 56 6.709 6.815 6.974 57 6.669 6.775 6.934 58 6.629 6.734 6.893 59 6.589 6.694 6.852 60 6.549 6.653 6.811 61 6.509 6.612 6.770 62 6.469 6.571 6.729
Government Annuities Regulations — Government Annuities Regulations
Monthly additional annuity for each $10 a month Old Age Security Pension. Take maturity age to years and completed months, and add the monthly difference times the number of months. For full monthly additional annuity multiply the resulting figure by the monthly Old Age Security Pension and divide by 10.