Members of Parliament Retiring Allowances Act — M-5 2
Definitions 2 (1) The following definitions apply in this Act. annual allowance means an annual allowance payable to a member under section 62, 62.3 or 62.4 of the Parliament of Canada Act or payable to a member under an appropriation Act as Deputy Chair or Assistant Deputy Chair of a committee. ( indemnité annuelle ) average annual pensionable earnings , with respect to any member, means the average annual pensionable earnings received as a member during any five-year period of pensionable service selected by or on behalf of the member, or during any period so selected consisting of consecutive periods of pensionable service totalling five years. ( moyenne annuelle des gains ouvrant droit à pension ) average annual sessional indemnity , with respect to any member, means the average annual sessional indemnity received as a member during any five year period of pensionable service selected by or on behalf of the member, or during any period so selected consisting of consecutive periods of pensionable service totalling five years. ( moyenne annuelle de l’indemnité de session ) average maximum pensionable earnings , with respect to any former member, means the average of the Year’s Maximum Pensionable Earnings, as defined in subsection 2(1) of the Canada Pension Plan , for the earlier of the years referred to in paragraphs (a) and (b), and for each of the four years preceding that earlier year, (a) the year in which the former member ceased to be a member, and (b) the year in which the former member becomes entitled to receive a retirement pension under the Canada Pension Plan or under a similar provincial pension plan. ( moyenne des maximums des gains ouvrant droit à pension ) Chief Actuary means the Chief Actuary of the Office of the Superintendent of Financial Institutions. ( actuaire en chef ) child means a child or stepchild of — or an individual adopted either legally or in fact by — a member or former member who (a) is less than eighteen years of age, or (b) is eighteen years of age or older but less than twenty-five years of age, and is in full-time attendance at a school or university within the meaning provided for that expression by the regulations, having been in such attendance substantially without interruption since the child reached eighteen years of age or the member or former member died, whichever occurred later. ( enfant ) Compensation Arrangements Account means the Members of Parliament Retirement Compensation Arrangements Account established by section 27. ( compte de convention ) defined benefit limit means (a) in respect of a calendar year before 1995, $1,722.22, and (b) in respect of the 1995 calendar year and any subsequent calendar year, the amount prescribed. ( plafond des prestations déterminées ) earnings limit , in relation to a member in respect of one or more sessions in any calendar year, means (a) for any calendar year before 2016, the amount in respect of which benefits may be accrued during that calendar year for the purposes of a registered pension plan within the meaning of the Income Tax Act , determined by dividing the defined benefit limit in respect of that calendar year by 0.02, and (b) for 2016 and subsequent calendar years, the amount determined by the following formula, rounded to the next highest multiple of $100: [(A – (B × C)) / 0.02] + C where A is the the amount determined for the calendar year in accordance with the definition defined benefit limit in subsection 8500(1) of the Income Tax Regulations , B is the number fixed by the Chief Actuary under subsection (6), and C is the amount of the Year’s Maximum Pensionable Earnings, as defined in subsection 2(1) of the Canada Pension Plan , for that calendar year. ( gains maximums ) former Act means this Act as it read on December 31, 1991. ( version antérieure ) joint and survivor benefit [Repealed, 2000, c. 12, s. 176] member means a member of the Senate or House of Commons. ( parlementaire ) Minister means the President of the Tr