GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Canadian Forces Superannuation Act — C-17 50
immediate annuity shall be paid or continue to be paid, including the initial assessment and subsequent periodic or other assessments of that disability; (r) respecting the reduction to be made in the amount of an annuity or annual allowance when an option is exercised under subsection 25.1(1), the amount of the immediate annual allowance to be paid under subsection 25.1(2), the circumstances in which an option is deemed to have been revoked and any other matters that the Governor in Council considers necessary for the purposes of carrying out section 25.1; (s) providing for the continuation in force of any outstanding direction made by the Minister or the Treasury Board under section 62 of the former Act, under the circumstances contemplated by that section and subject to modification or suspension as contemplated by that section; (t) respecting the rates at which interest shall be credited to the Superannuation Account under paragraph 55(1)(b), the manner in which it shall be calculated and the time at which it shall be credited to the Account; (u) respecting the additional information that is required to be included in annual reports referred to in section 57; (v) providing for the payment out of the Superannuation Account or the Canadian Forces Pension Fund, on the death of a contributor and on application to the Minister by or on behalf of a person to whom any annual allowance becomes payable under this Part, of the whole or any part of the portion of the estate, legacy, succession or inheritance duties or taxes that are payable by the person that is determined in accordance with the regulations to be attributable to that allowance, and prescribing the amounts by which and the manner in which any such allowance and any amount payable in any such case under any of sections 38 to 40 shall be reduced; and (w) generally, for carrying into effect the purposes and provisions of this Act. Retroactive application of regulations (2) Regulations made under this Act may, if they so provide, be retroactive and have effect with respect to any period before they are made. R.S., 1985, c. C-17, s. 50; 1989, c. 6, s. 11; 1992, c. 46, s. 48; 1999, c. 34, s. 146; 2003, c. 26, s. 23; 2012, c. 31, s. 472
Canadian Forces Superannuation Act — C-17 52
Members of Parliament and Senators 52 Notwithstanding anything in this Part, the Governor in Council may by regulation (a) provide that the service of a former member of the House of Commons or a former Senator in respect of which he or she made contributions under the Members of Parliament Retiring Allowances Act may, to the extent and subject to the conditions that may be prescribed by the regulations, be counted by that former member or former Senator as pensionable service for the purposes of this Part; and (b) provide for the transfer to the Superannuation Account or the Canadian Forces Pension Fund of amounts in the Retiring Allowances Account, within the meaning of that Act, in respect of him or her. R.S., 1985, c. C-17, s. 52; 1999, c. 34, s. 148
Canadian Forces Superannuation Act — C-17 54
Payments out of Superannuation Account 54 (1) All amounts required for the payment of benefits for which this Part, including any pension referred to in subsection 59(1), and Part III make provision shall be paid out of the Superannuation Account if the benefits are payable in respect of pensionable service to the credit of a contributor before April 1, 2000. Transfer of amounts (2) The amounts deposited in the Canadian Forces Superannuation Investment Fund under subsection 55.1(2) shall be transferred to the Public Sector Pension Investment Board within the meaning of the Public Sector Pension Investment Board Act to be dealt with in accordance with that Act. Payment of benefits (3) If there are insufficient amounts in the Superannuation Account to pay all the benefits referred to in subsection (1), the amounts required for the payment of those benefits shall be charged to the Canadian Forces Superannuation Investment Fund and paid out of the assets of the Public Sector Pension Investment Board. R.S., 1985, c. C-17, s. 54; 1999, c. 34, s. 149
Canadian Forces Superannuation Act — C-17 55
t of contributors before April 1, 2000. If total exceeds maximum (10) If the total of the amounts in the Account and in the Fund referred to in subsection (9) exceeds, following the laying of the report referred to in that subsection, the maximum amount referred to in subsection (13), there shall be debited from the Account, at the time and in the manner set out in subsection (11), the amount of the excess. Annual instalments (11) Subject to subsection (12), the amount that may be debited under subsection (9) and the amount that must be debited under subsection (10) shall be debited in annual instalments over a period of fifteen years, or the shorter period that the President of the Treasury Board may determine, with the first such instalment to be debited in the fiscal year in which the actuarial valuation report is laid before Parliament. Adjustments (12) When a subsequent actuarial valuation report is laid before Parliament before the end of the period applicable under subsection (11), the instalments remaining to be debited in that period may be adjusted to reflect the amount that is estimated by the President of the Treasury Board, at the time that subsequent report is laid before Parliament, to be the amount that will, together with the amount that the President of the Treasury Board estimates will be to the credit of the Superannuation Account and the Canadian Forces Superannuation Investment Fund at the end of that period, meet the cost of the benefits payable under this Part and Part III in respect of pensionable service that is to the credit of contributors before April 1, 2000. Maximum amount to credit of Account and Fund (13) At the end of the period, the total of the amounts that are to the credit of the Superannuation Account and the Canadian Forces Superannuation Investment Fund must not exceed one hundred and ten percent of the amount that the President of the Treasury Board estimates is required to meet the cost of the benefits payable under this Part and Part III in respect of pensionable service that is to the credit of contributors before April 1, 2000. Costs (14) The costs of the administration of this Act, as determined by the Treasury Board on the recommendation of the Minister, with respect to benefits payable under this Act in respect of pensionable service that is to the credit of contributors before April 1, 2000 shall be paid out of the Superannuation Account. R.S., 1985, c. C-17, s. 55; 1992, c. 46, s. 50; 1999, c. 34, s. 151
Canadian Forces Superannuation Act — C-17 55.1
Establishment of Canadian Forces Superannuation Investment Fund 55.1 (1) The Canadian Forces Superannuation Investment Fund is established. Amounts to be deposited into Canadian Forces Superannuation Investment Fund (2) The following amounts shall be deposited into the Canadian Forces Superannuation Investment Fund: (a) the amounts in the Superannuation Account transferred on or after April 1, 2000 that the Minister of Finance determines, in the manner and at the times that that minister determines; and (b) the income from the investment of the amounts referred to in paragraph (a) plus profits less losses on the sale of the investments. Costs (3) If there are insufficient amounts in the Superannuation Account to pay the costs of the administration of this Act with respect to benefits payable under this Act in respect of pensionable service that is to the credit of contributors before April 1, 2000, those costs shall be paid out of the Canadian Forces Superannuation Investment Fund. Transfer of amounts (4) The Minister of Finance may, after consultation with the Public Sector Pension Investment Board within the meaning of the Public Sector Pension Investment Board Act , transfer to the Superannuation Account amounts in the Canadian Forces Superannuation Investment Fund that he or she determines, in the manner and at the times that that minister determines. 1999, c. 34, s. 152
Canadian Forces Superannuation Act — C-17 55.2
Establishment of Canadian Forces Pension Fund 55.2 (1) The Canadian Forces Pension Fund is established. Amounts to be deposited into Canadian Forces Pension Fund (2) The following amounts shall be deposited into the Canadian Forces Pension Fund: (a) the amounts determined by the President of the Treasury Board under subsection (3); (b) all other amounts required by this Act to be paid into the Fund; and (c) the income from the investment of the amounts referred to in paragraphs (a) and (b) plus profits less losses on the sale of the investments. Amounts to be determined by the President of the Treasury Board (3) There shall be deposited into the Canadian Forces Pension Fund, in each fiscal year, in respect of every month, no later than thirty days after the end of the month in respect of which it is made (a) an amount that is determined by the President of the Treasury Board, after consultation with the Minister and based on actuarial advice, to be required to provide for the cost of the benefits that have accrued in respect of that month in relation to current service and that will become payable out of the Canadian Forces Pension Fund; and (b) an amount that is determined by the President of the Treasury Board, after consultation with the Minister, in relation to the total amount paid into the Canadian Forces Pension Fund during the preceding month by way of contributions in respect of past service. Determination of the amounts (4) In determining amounts for the purposes of paragraph (3)(a), the President of the Treasury Board may take into account any surplus in the Canadian Forces Pension Fund as shown in the most recent actuarial valuation report referred to in section 56 on the state of the Fund. Transfer of amounts (5) The amounts deposited in the Canadian Forces Pension Fund shall be transferred to the Public Sector Pension Investment Board within the meaning of the Public Sector Pension Investment Board Act to be dealt with in accordance with that Act. Payment of benefits (6) All amounts required for the payment of benefits for which this Part and Part III make provision shall be charged to the Canadian Forces Pension Fund and paid out of the assets of the Public Sector Pension Investment Board if the benefits are payable in respect of pensionable service that comes to the credit of a contributor on or after April 1, 2000. 1999, c. 34, s. 152
Canadian Forces Superannuation Act — C-17 55.3
Amounts to be paid on basis of actuarial valuation report 55.3 (1) Following the laying before Parliament of any actuarial valuation report pursuant to section 56 that relates to the state of the Canadian Forces Pension Fund, there shall be paid into the Fund, at the time and in the manner set out in subsection (2), the amount that in the opinion of the President of the Treasury Board will, at the end of the fifteenth fiscal year following the tabling of that report or at the end of the shorter period that the President of the Treasury Board may determine, together with the amount that the President of the Treasury Board estimates will be to the credit of the Fund at that time, meet the cost of the benefits payable under this Part and Part III in respect of pensionable service that comes to the credit of contributors on or after April 1, 2000. Equal annual instalments (2) Subject to subsection (3), the amount required to be paid into the Canadian Forces Pension Fund under subsection (1) shall be divided into equal annual instalments and the instalments shall be paid to the Canadian Forces Pension Fund over a period of fifteen years, or the shorter period that the President of the Treasury Board may determine, with the first such instalment to be paid in the fiscal year in which the actuarial valuation report is laid before Parliament. Adjustments (3) When a subsequent actuarial valuation report is laid before Parliament before the end of the period applicable under subsection (2), the instalments remaining to be paid in that period may be adjusted to reflect the amount that is estimated by the President of the Treasury Board, at the time that subsequent report is laid before Parliament, to be the amount that will, together with the amount that the President of the Treasury Board estimates will be to the credit of the Fund at the end of that period, meet the cost of the benefits payable under this Part and Part III in respect of pensionable service that comes to the credit of contributors on or after April 1, 2000. 1999, c. 34, s. 152
Canadian Forces Superannuation Act — C-17 55.5
Costs 55.5 The costs of the administration of this Act, as determined by the Treasury Board on the recommendation of the Minister, with respect to benefits payable under Parts I, II and III in respect of pensionable service that comes to the credit of contributors on or after April 1, 2000 shall be paid out of the Canadian Forces Pension Fund. 1999, c. 34, s. 152
Canadian Forces Superannuation Act — C-17 56
Public Pensions Reporting Act 56 In accordance with the Public Pensions Reporting Act , a cost certificate, an actuarial valuation report and an assets report on the state of each of the Superannuation Account, the Canadian Forces Superannuation Investment Fund and the Canadian Forces Pension Fund shall be prepared, filed with the Minister designated under that Act and laid before Parliament. R.S., 1985, c. C-17, s. 56; R.S., 1985, c. 13 (2nd Supp.), s. 11; 1999, c. 34, s. 153
Canadian Forces Superannuation Act — C-17 57
Annual report 57 The Minister shall cause to be laid before each House of Parliament each year a report on the administration of this Part and Part III during the preceding fiscal year, including a statement showing the amounts paid into and out of the Superannuation Account, the Canadian Forces Pension Fund, and the Canadian Forces Superannuation Investment Fund during that year, by appropriate classifications, the number of contributors and the number of persons receiving benefits under this Part and Part III together with the additional information that the Governor in Council may by regulation require. R.S., 1985, c. C-17, s. 57; 1992, c. 46, s. 51; 1999, c. 34, s. 153
Canadian Forces Superannuation Act — C-17 58
Offence 58 Any person who knowingly makes any statement or gives any information that is false in any material particular for the purpose of obtaining, either for himself or for any other person, any payment under this Act is guilty of an indictable offence and liable to a fine not exceeding one thousand dollars or to imprisonment for a term not exceeding one year or to both. R.S., c. C-9, s. 29
Canadian Forces Superannuation Act — C-17 59
Continuation of pensions 59 (1) A person to whom any pension has become payable under Part V of the former Act shall, for the purposes of this Act, be deemed to have become entitled to that pension under this Act. Persons deemed to be contributors (2) For the purposes of this Act, a person to whom, as a contributor under Part V of the former Act, any pension has become payable under the former Act shall, on his death on or after July 8, 1959, be deemed to have been a contributor under this Act who, at the time of his death, was entitled under this Act to an annuity. R.S., c. C-9, s. 30
Canadian Forces Superannuation Act — C-17 59.1
Regulations 59.1 The Governor in Council may make regulations respecting the establishment, funding and administration of pension plans for members of the reserve force prescribed in those regulations to provide for the payment of benefits to or in respect of those members, including regulations respecting the crediting of service in the reserve force as pensionable service for the purposes of Part I and the transfer of amounts in respect of such service from the funds established under the regulations to the Canadian Forces Pension Fund and vice versa. 1999, c. 34, s. 154; 2003, c. 26, s. 41
Canadian Forces Superannuation Act — C-17 59.2
Contributions by members 59.2 A member of the reserve force who is subject to a plan established in accordance with this Part is required to contribute, by reservation from pay or otherwise, in accordance with the regulations. 1999, c. 34, s. 154; 2003, c. 26, s. 41
Canadian Forces Superannuation Act — C-17 59.3
Amounts to be deposited 59.3 There shall be deposited into a fund established under the regulations made under section 59.1, at the time and in the manner prescribed by the regulations, in addition to any other amounts that are prescribed by the regulations to be deposited to the fund, (a) in the case of a fund established for the payment of benefits that are related to periods of pensionable service, amounts estimated by the President of the Treasury Board to meet the cost of those benefits; and (b) in the case of any other fund, the amounts that are determined by the Minister in accordance with the regulations to be required to be deposited to the fund. 1999, c. 34, s. 154
Canadian Forces Superannuation Act — C-17 59.4
Transfer of amounts 59.4 If the regulations made under section 59.1 so provide, amounts deposited in a fund referred to in paragraph 59.3(a) or (b) shall be transferred to the Public Sector Pension Investment Board within the meaning of the Public Sector Pension Investment Board Act to be dealt with in accordance with that Act. 1999, c. 34, s. 154
Canadian Forces Superannuation Act — C-17 59.5
Deposit 59.5 If the regulations made under section 59.1 so provide, amounts deposited in a fund referred to in paragraph 59.3(b) may be deposited with a financial institution specified in the regulations. 1999, c. 34, s. 154
Canadian Forces Superannuation Act — C-17 59.6
Public Pensions Reporting Act 59.6 (1) In accordance with the Public Pensions Reporting Act , a cost certificate, an actuarial valuation report and an assets report on the state of a plan established in accordance with this Part the benefits for which would come out of a fund referred to in paragraph 59.3(a) shall be prepared, filed with the Minister designated under that Act and laid before Parliament. Review date (2) For the purposes of subsection (1), the review date as of which an actuarial valuation report of the plan referred to in that subsection must be conducted for the purposes of the first valuation report is the date prescribed in the regulations and, for each subsequent report, the review dates must not be more than three years apart. 1999, c. 34, s. 154
Canadian Forces Superannuation Act — C-17 59.7
Annual report 59.7 The Minister shall cause to be laid before each House of Parliament each year a report on the administration of this Part during the preceding fiscal year. 1999, c. 34, s. 154
Canadian Forces Superannuation Act — C-17 60
Definitions 60 (1) In this Part, basic benefit [Repealed, 1999, c. 34, s. 155] benefit means the amount payable in respect of a participant under section 66; ( prestation ) elective as applied to a participant means that the participant comes within paragraph (c) or (d) of the definition participant ; ( volontaire ) immediate annual allowance means an annual allowance payable within 30 days after the day on which a participant ceases to be a member of the regular force; ( allocation annuelle immédiate ) participant means (a) a member of the regular force, (b) [Repealed, 2003, c. 26, s. 26] (c) a person other than a member of the regular force who has made an election under section 62 and continues to contribute under this Part, and (d) a person who has made an election under section 62 and in respect of whom a benefit is payable without contribution by him or her. (e) [Repealed, 2003, c. 26, s. 26] but does not include a person described in paragraph 62(1)(b) of the Public Service Superannuation Act who elected not to come under the provisions of Part II of that Act; ( participant ) public service participant means a person who is a participant under Part II of the Public Service Superannuation Act ; ( participant de la fonction publique ) salary [Repealed, 1999, c. 34, s. 155] Other words and expressions (2) Other words and expressions used in this Part and not defined in subsection (1) have the same meaning as in Part I. R.S., 1985, c. C-17, s. 60; 1992, c. 46, s. 52 1999, c. 34, s. 155 2003, c. 26, s. 26
Canadian Forces Superannuation Act — C-17
basic benefit [Repealed, 1999, c. 34, s. 155]
Canadian Forces Superannuation Act — C-17
benefit means the amount payable in respect of a participant under section 66; ( prestation )
Canadian Forces Superannuation Act — C-17
elective as applied to a participant means that the participant comes within paragraph (c) or (d) of the definition participant ; ( volontaire )
Canadian Forces Superannuation Act — C-17
immediate annual allowance means an annual allowance payable within 30 days after the day on which a participant ceases to be a member of the regular force; ( allocation annuelle immédiate )
Canadian Forces Superannuation Act — C-17 (a)
participant means (a) a member of the regular force, (b) [Repealed, 2003, c. 26, s. 26] (c) a person other than a member of the regular force who has made an election under section 62 and continues to contribute under this Part, and (d) a person who has made an election under section 62 and in respect of whom a benefit is payable without contribution by him or her. (e) [Repealed, 2003, c. 26, s. 26] but does not include a person described in paragraph 62(1)(b) of the Public Service Superannuation Act who elected not to come under the provisions of Part II of that Act; ( participant )
Canadian Forces Superannuation Act — C-17
public service participant means a person who is a participant under Part II of the Public Service Superannuation Act ; ( participant de la fonction publique )
Canadian Forces Superannuation Act — C-17 61
Apportionment 61 If a benefit payable under Part I is apportioned between two survivors under subsection 29(8) or a pension payable under the Defence Services Pension Continuation Act , chapter D-3 of the Revised Statutes of Canada, 1970, is apportioned between two women under subsection 32(3) of that Act, the benefit payable to a person referred to in subsection 67(2) is apportioned in the same manner. R.S., 1985, c. C-17, s. 61; 1999, c. 34, s. 156