Public Service Superannuation Act — P-36 10
Definitions 10 (1) For the purposes of this Part, annuity means an annuity computed in accordance with section 11; ( pension ) cash termination allowance means an amount equal to one month’s pay for each year of pensionable service computed on the basis of the rate of salary authorized to be paid to the contributor (a) at the time he or she ceases to contribute to the Public Service Pension Fund, or (b) in the case of a contributor who continues to be employed in the public service after having ceased to contribute to the Public Service Pension Fund under subsection 5(2) or (3), at the time he or she ceases to be employed in the public service, minus an amount equal to the amount by which (c) the total amount the contributor would have been required to contribute to the Superannuation Account or the Public Service Pension Fund up to the time he or she ceases to be employed in the public service, other than interest or charges for payments by instalments, in respect of service after 1965, if he or she had contributed on the basis of the rates set out in subsection 5(1) as it read on December 31, 1965, exceeds (d) the total amount the contributor was required to contribute to the Superannuation Account or the Public Service Pension Fund up to the time he or she ceases to be employed in the public service, other than interest or charges for payments by instalments, in respect of service after 1965; ( allocation de cessation en espèces ) deferred annuity means an annuity that becomes payable to the contributor at the time he or she reaches 60 years of age, in the case of a Group 1 contributor described in subsection 12(0.1), or 65 years of age, in the case of a Group 2 contributor described in subsection 12.1(1); ( pension différée ) immediate annuity means an annuity that becomes payable to the contributor immediately on his becoming entitled thereto; ( pension immédiate ) recipient means a person to whom any benefit is or is about to become payable under this Part or out of the Retirement Fund; ( prestataire ) return of contributions means a return of (a) the amount paid by the contributor into the Superannuation Account or the Public Service Pension Fund, but not including any amount so paid pursuant to subsection 24(6) of the Royal Canadian Mounted Police Superannuation Act , (b) any amount to his or her credit in the Retirement Fund that has been transferred to the Superannuation Account, and (c) any amount paid by him or her into any other account or fund, together with interest, if any, that has been transferred to the Superannuation Account or the Public Service Pension Fund, to the extent that the amount remains to his or her credit in the Superannuation Account or the Public Service Pension Fund, together with interest, if any, calculated pursuant to subsection (9); ( remboursement de contributions ) transfer value means a lump sum amount, representing the value of the contributor’s pension benefits, as determined in accordance with the regulations. ( valeur de transfert ) Duration of payment, etc., to contributor (2) Where an annuity or annual allowance becomes payable under this Part to a contributor, it shall, subject to the regulations, be paid in equal monthly instalments in arrears and shall continue, subject to this Part, during the lifetime of the contributor and thereafter until the end of the month in which he dies, and any amount in arrears thereof that remains unpaid at any time after his death shall be paid as provided in subsection 25(1), in respect of a return of contributions. Duration of payment, etc., to survivor or child (3) When an annual allowance becomes payable under this Part to a survivor or child, it shall, subject to the regulations, be paid in equal monthly instalments in arrears and shall continue, subject to this Part, until the end of the month in which the recipient dies or otherwise ceases to be entitled to receive an annual allowance, and any amount in arrears that remains unpaid at any