Public Service Superannuation Act — P-36 13
Group 1 contributors with two or more years of pensionable service 13 (1) The following provisions are applicable in respect of any Group 1 contributor described in subsection 12(0.1) who has to his or her credit two or more years of pensionable service: (a) if the contributor ceases to be employed in the public service, having reached sixty years of age, the contributor is entitled to an immediate annuity; (b) if the contributor ceases to be employed in the public service, not having reached sixty years of age, by reason of having become disabled, the contributor is entitled to an immediate annuity; (c) if he or she ceases to be employed in the public service, not having reached sixty years of age, for any reason other than disability, he or she is entitled to, (i) if at the time he or she ceases to be so employed he or she has reached fifty-five years of age and has to his or her credit not less than thirty years of pensionable service, an immediate annuity, or (ii) in any other case, at his or her option (A) a deferred annuity, (B) if at the time he or she ceases to be so employed he or she has reached fifty years of age and has to his or her credit not less than twenty-five years of pensionable service, an annual allowance, payable immediately on his or her exercising his or her option, equal to the amount of the deferred annuity referred to in clause (A) reduced by the product obtained by multiplying five per cent of the amount of that annuity by (I) fifty-five minus his or her age in years, to the nearest one-tenth of a year, at the time he or she exercises his or her option, or (II) thirty minus the number of years, to the nearest one-tenth of a year, of pensionable service to his or her credit, whichever is the greater, (C) if at the time he or she ceases to be so employed he or she has reached fifty-five years of age, has been employed in the public service for a period of or for periods totalling at least ten years and does not voluntarily retire from the public service, an annual allowance, payable immediately on his or her so ceasing to be employed, equal to the amount of the deferred annuity referred to in clause (A) reduced by the product obtained by multiplying (I) five per cent of the amount of that annuity by (II) thirty minus the number of years, to the nearest one-tenth of a year, of pensionable service to his or her credit, except that in any such case the whole or any part of the reduction provided for by this clause may be waived by the Treasury Board, (C.1) subject to subsection (1.1), if at the time the contributor exercises their option under this clause a workforce reduction initiative is in effect, and if at the time they cease to be so employed they have reached 50 years of age and have been employed in the public service for a period of or for periods totalling at least 10 years, an annual allowance, payable immediately on their so ceasing to be employed, equal to the amount of the deferred annuity referred to in clause (A), or (D) an annual allowance, payable (I) immediately on his or her exercising his or her option, in the case of a contributor fifty or more years of age, or (II) on his or her reaching fifty years of age, in the case of a contributor who exercises his or her option when he or she is less than fifty years of age, which allowance shall be equal to the amount of the deferred annuity referred to in clause (A) reduced by the product obtained by multiplying (III) five per cent of the amount of that annuity by (IV) sixty minus his or her age in years, to the nearest one-tenth of a year, at the time the allowance becomes payable; and (d) if he becomes disabled, not having reached sixty years of age but having become entitled to (i) a deferred annuity, he ceases to be entitled to that deferred annuity and becomes entitled to an immediate annuity, or (ii) an annual allowance, he ceases to be entitled to that annual allowance and becomes entitled to an immediate annuity, which shall be adj