GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Retirement Compensation Arrangements Regulations, No. 1 — 39
39 (1) If a participant dies, leaving no survivor or child to whom a benefit may be paid under this Part or Part I of the Public Service Superannuation Act , or if the persons to whom such a benefit may be paid die or cease to be entitled to the benefit, a benefit of the type referred to in subsection 27(2) of that Act shall be paid to the beneficiary named by the participant under Part II of that Act or, if no beneficiary is named or the named beneficiary does not survive the participant, to the estate of the participant, subject to the same conditions as are specified in that Act for payment of such a benefit. (2) Subject to subsection (3), if five times the aggregate of the benefits referred to in paragraphs (a) and (b) is greater than the total of the participant’s contributions under this Part and Part I of the Public Service Superannuation Act , together with interest thereon calculated at the rate and in the manner set out in subsection 10(9) of that Act, the amount of a benefit payable under subsection (1) shall be five times the aggregate of (a) the annual amount of any benefit payable to the participant under this Division, determined in accordance with subsection 35(2), or section 38.4 as that provision read immediately before the coming into force of this paragraph, not reduced on account of the age or period of pensionable service of the participant, and (b) the amount of any annuity payable under the Public Service Superannuation Act , determined in accordance with subsection 11(1) of that Act. (3) The amount of the benefit referred to in subsection (2) shall be reduced by the following amounts paid to or in respect of the participant: (a) any amount paid under this Part; (b) any amount paid under Part I of the Public Service Superannuation Act , excluding any amount paid under subsection 13.01(2) of that Act, but including any amount paid under section 27 of that Act; and (c) any amount paid under section 19 in respect of the pensionable service to the credit of the participant under Part I of the Public Service Superannuation Act . (4) If the amount determined under subsection (2) is less than the total of the participant’s contributions under this Part and Part I of the Public Service Superannuation Act together with interest calculated at the rate and in the manner set out in subsection 10(9) of that Act, the benefit payable under subsection (1) shall be equal to the participant’s contributions under this Part together with interest calculated at the same rate and in the same manner, reduced by any amount paid to or in respect of the participant under this Part. SOR/97-252, s. 7; SOR/97-520, s. 8; SOR/2002-73, s. 14; SOR/2003-12, s. 13
Retirement Compensation Arrangements Regulations, No. 1 — 40
40 Where a participant or a recipient requests that a benefit under this Part be paid otherwise than in equal monthly instalments, or where the payment of a benefit in equal monthly instalments is not practicable for administrative reasons, the benefit may be paid in equal payments quarterly, semi-annually or annually in arrears, if payment in arrears would not result in the payment of an aggregate amount greater than the aggregate amount of equal monthly instalments that would otherwise be payable under this Part.
Retirement Compensation Arrangements Regulations, No. 1 — 41
41 Where as a result of an election made under subsection 39(1) of the Public Service Superannuation Act the participant ceases to be entitled to benefits provided under the Canadian Forces Superannuation Act or the Royal Canadian Mounted Police Superannuation Act , any contributions paid by the participant under Part III or IV shall be considered to have been paid under this Part and the benefits to which the participant shall be entitled are those payable under this Part.
Retirement Compensation Arrangements Regulations, No. 1 — 41.1
41.1 (1) Subject to subsection 36(1), a benefit shall be paid to a participant, to a survivor or child of a participant or to a beneficiary of an amount payable under subsection 27(2) of the Public Service Superannuation Act , as the case may be, in an amount equal to (a) the amount by which an allowance payable to such a person under that Act is reduced as a result of the operation of the limit set out in subsection 30.6(1) or (2) of the Public Service Superannuation Regulations , (b) the amount by which a benefit payable under subsection 27(2) of that Act is reduced as a result of the operation of the limit set out in subsection 30.8(1) of the Public Service Superannuation Regulations , and (c) the amount by which an annuity or annual allowance payable to such a person under that Act is reduced as a result of the operation of the limit set out in subsection 80(1) or 80.1(1) of the Public Service Superannuation Regulations . (2) The benefit that represents the amount of a reduction referred to in subsection (1) is payable in the same manner and subject to the same terms and conditions as apply to the payment of the allowance, benefit, annuity or annual allowance referred to in paragraph (1)(a), (b) or (c), as the case may be, before the reduction. SOR/97-520, s. 9; SOR/2002-73, s. 15
Retirement Compensation Arrangements Regulations, No. 1 — 41.2
41.2 (1) If a participant opts for a transfer value under section 13.01 of the Public Service Superannuation Act or becomes entitled to the payment of an amount under subsection 40.2(7) of that Act, a benefit shall be paid to the participant in the form of a lump sum equal to the amount by which the amount payable to the participant under subsection 13.01(2) of that Act is reduced as a result of the operation of the limits set out in any of subsections 30.6(1) and (2), 30.8(1) and 80.1(1) of the Public Service Superannuation Regulations together with interest, if any. (2) The interest shall be calculated in accordance with section 93 of those Regulations. SOR/97-520, s. 9; SOR/2003-12, s. 14; SOR/2003-230, s. 9
Retirement Compensation Arrangements Regulations, No. 1 — 41.3 to 41.5
41.3 to 41.5 [Repealed, SOR/2003-12, s. 14]
Retirement Compensation Arrangements Regulations, No. 1 — 41.6
41.6 (1) If an amount paid pursuant to subsection 40.2(3) of the Public Service Superannuation Act to an employer listed in Schedule 5 is reduced as a result of the operation of the limits set out in any of subsections 30.6(1) and (2), 30.8(1) and 80.1(1) of the Public Service Superannuation Regulations , the Minister shall transfer to an external retirement compensation arrangement established by that employer, an amount equal to the amount of the reduction, together with interest, if any. (2) For the purposes of subsection (1), interest shall be calculated at the same rate and in the same manner as provided in the agreement referred to in subsection 40.2(2) of the Public Service Superannuation Act with the employer. (3) The transfer of an amount under this section shall be made within the time limit for the payment of an amount to the employer provided for in the agreement or within 12 months after the day on which the name of the employer is added to Schedule 5, whichever is the later. SOR/2003-230, s. 11
Retirement Compensation Arrangements Regulations, No. 1 — 41.7
41.7 (1) If an amount is paid pursuant to subsection 40.2(3) of the Public Service Superannuation Act to an employer listed in Schedule 6 in respect of a participant other than a participant contemplated by section 38.4, the Minister shall pay to an external retirement compensation arrangement established by that employer an amount equal to the aggregate of (a) an amount calculated by the Minister equal to the actuarial value of the liability accrued in respect of the participant under Division I and section 68 as of valuation date, if any, using the same actuarial assumptions and determined in the same manner as set out in the agreement referred to in subsection 40.2(2) of that Act with the employer, except that the rate of interest shall be one-half the rate of interest used in calculating an amount under clause 40.2(3)(a)(i)(A) of that Act, and (b) an amount representing interest after valuation date, if any, on the amount determined under paragraph (a) calculated at the same rate and in the same manner as in the agreement with the employer. (2) If a division of a participant’s pension benefits is effected under section 8 of the Pension Benefits Division Act before the payment of an amount to an external retirement compensation arrangement under subsection (1), the amount paid shall be reduced to take into account the adjustment to the participant’s pension benefits made in accordance with section 21 of the Pension Benefits Division Regulations . (3) The payment of an amount under this section shall be made within the time limit for the payment of an amount to the employer provided for in the agreement or within 12 months after the day on which the name of the employer is added to Schedule 6, whichever is the later. (4) For the purposes of this section, valuation date has the same meaning as in the agreement with the employer. SOR/2002-73, s. 17; SOR/2003-230, s. 11
Retirement Compensation Arrangements Regulations, No. 1 — 41.8
41.8 The following definitions apply in this section and sections 41.81 to 41.84. Canada Post means the Canada Post Corporation established by the Canada Post Corporation Act . ( Postes Canada ) Canada Post Supplementary Retirement Arrangement means a supplementary pension plan that has been established by Canada Post under paragraph 46.3(1)(b) of the Public Service Superannuation Act and that has been approved by the Treasury Board under subsection 46.3(2) of that Act. ( régime supplémentaire de retraite de Postes Canada ) SOR/2002-73, s. 17
Retirement Compensation Arrangements Regulations, No. 1 — Retirement Compensation Arrangements Regulations, No. 1
Canada Post means the Canada Post Corporation established by the Canada Post Corporation Act . ( Postes Canada )
Retirement Compensation Arrangements Regulations, No. 1 — Retirement Compensation Arrangements Regulations, No. 1
Canada Post Supplementary Retirement Arrangement means a supplementary pension plan that has been established by Canada Post under paragraph 46.3(1)(b) of the Public Service Superannuation Act and that has been approved by the Treasury Board under subsection 46.3(2) of that Act. ( régime supplémentaire de retraite de Postes Canada )
Retirement Compensation Arrangements Regulations, No. 1 — 41.81
41.81 This Division applies in respect of the benefits accrued under this Part to persons who, by virtue of the coming into force of section 227 of the Public Sector Pension Investment Board Act , ceased to be employed in the public service for the purposes of the Public Service Superannuation Act on October 1, 2000 and (a) were employed by Canada Post and were contributors under the Public Service Superannuation Act on September 30, 2000, and (b) remain employed by Canada Post for at least one day following September 30, 2000. SOR/2002-73, s. 17; SOR/2012-114, s. 4(E); SOR/2016-156, s. 11(E)
Retirement Compensation Arrangements Regulations, No. 1 — 41.82
41.82 (1) Subject to subsections (2) and (3), the actuarial present value of the benefits accrued under this Part to the credit of the persons referred to in section 41.81 is calculated as of September 30, 2000 using the actuarial methods and assumptions contained in the Actuarial Report of March 31, 1996 on the Pension Plan for the public service of Canada, tabled in Parliament on March 18, 1998 by the President of the Treasury Board. (2) The actuarial assumptions contained in the Actuarial Report referred to in subsection (1) are varied as follows: (a) the rate of interest for the period beginning on October 1, 2000 and ending on September 30, 2015 is equal to 1.95% per annum plus one-half of the rates of increase in the consumer price index for that period as set out in the Actuarial Report; (b) the rate of interest for the period after September 30, 2015 is equal to 3.25% per annum; (c) the rate of increase in salaries and the yearly maximum pensionable earnings is 3.9% per annum for the period beginning on October 1, 2000 and ending on September 30, 2001 and 4% per annum after that; (d) the retirement rates are the rates set out in Schedule 1, multiplied by the percentage set out in Schedule 3, based on the projected number of salary level increases after October 1, 2000 set out in column 1 of Schedule 3 and the number of completed years of service after October 1, 2000 set out in column 2 of that Schedule; (e) the termination rates are the rates set out in Schedule 2, multiplied by the percentage set out in Schedule 3, based on the projected number of salary level increases after October 1, 2000 set out in column 1 of Schedule 3 and the number of completed years of service after October 1, 2000 set out in column 2 of that Schedule; (f) transfer values on termination of employment shall be calculated at twice the interest rates specified in paragraphs (a) and (b); and (g) the Assumed Seniority and Promotional Salary Increase scale set out in Table 2A of the Actuarial Report is replaced by the probability distribution of rank at termination of employment set out in Schedule 4. (3) The amount calculated in accordance with subsection (1) shall be net of the present value of any instalment payments in respect of periods of service where such payments would have been due and payable into the Retirement Compensation Arrangements Account after September 30, 2000 by persons referred to in section 41.81 had those persons remained employed in the public service for the purposes of the Public Service Superannuation Act . (4) For the purpose of subsection (3), any instalment payment that is attributable to a period of leave of absence without pay is calculated as if it were due and payable on October 1, 2000. (5) For the purpose of subsection (3), the present value is calculated using an interest rate of 3.45% per annum. SOR/2002-73, s. 17; SOR/2016-156, s. 11(E)
Retirement Compensation Arrangements Regulations, No. 1 — 41.83
41.83 (1) The amount calculated in accordance with section 41.82, together with interest calculated in accordance with subsection (2), shall be paid by the President of the Treasury Board over a period not exceeding two years beginning on October 1, 2000. (2) Interest on each payment made by the President of the Treasury Board shall be calculated at a rate of 7.25% per annum from October 1, 2000 to the end of the day preceding each payment. SOR/2002-73, s. 17
Retirement Compensation Arrangements Regulations, No. 1 — 41.84
41.84 The amount calculated in accordance with section 41.82 together with interest calculated in accordance with subsection 41.83(2) shall be paid to the Supplementary Fund established under the Canada Post Supplementary Retirement Arrangement out of the Retirement Compensation Arrangements Account. SOR/2002-73, s. 17
Retirement Compensation Arrangements Regulations, No. 1 — 42
42 Words and expressions used in this Part and not otherwise defined in the Act or in these Regulations have the same meaning as in the Canadian Forces Superannuation Act .
Retirement Compensation Arrangements Regulations, No. 1 — 43
43 Any person who, on or after December 15, 1994, is required to contribute to the Canadian Forces Superannuation Account or the Canadian Forces Pension Fund and whose annual rate of pay is greater than the annual rate of pay determined under section 12.1 of the Canadian Forces Superannuation Regulations shall contribute to the Retirement Compensation Arrangements Account on the excess pay at the same rates and subject to the same conditions as are set out in section 5 of the Canadian Forces Superannuation Act . SOR/2002-73, s. 19
Retirement Compensation Arrangements Regulations, No. 1 — 44
44 (1) Contributions by a participant under section 43 shall be based on an annual rate of pay equal to the portion of the annual rate of pay of the participant that exceeds the annual rate of pay determined under section 12.1 of the Canadian Forces Superannuation Regulations . (2) Contributions by a participant under section 43 in respect of periods of service without pay shall be payable at the same rates and in the same manner as are specified in sections 11 and 12 of the Canadian Forces Superannuation Regulations , based on an annual rate of pay equal to the portion of the annual rate of pay of the participant that exceeds the annual rate of pay determined under section 12.1 of those Regulations. (3) An election under section 6.1 of the Canadian Forces Superannuation Act in respect of a period of leave without pay constitutes an election not to contribute to the Retirement Compensation Arrangements Account in respect of the same period. SOR/2012-114, s. 5
Retirement Compensation Arrangements Regulations, No. 1 — 45
45 A participant who makes an election pursuant to paragraph 6(b) of the Canadian Forces Superannuation Act shall pay to the Retirement Compensation Arrangements Account, in respect of any portion of the participant’s annual rate of pay that exceeds the amount determined under section 12.1 of the Canadian Forces Superannuation Regulations , the amount that the participant would be required to contribute in respect of that portion pursuant to section 7 of that Act, in the same manner and subject to the same conditions as are set out in sections 8 and 9 of that Act.
Retirement Compensation Arrangements Regulations, No. 1 — 46
46 A participant becomes subject to the retirement compensation arrangement on the later of (a) the day on which the participant’s annual rate of pay exceeds the annual rate of pay determined under section 12.1 of the Canadian Forces Superannuation Regulations , and (b) December 15, 1994.
Retirement Compensation Arrangements Regulations, No. 1 — 47
47 A participant ceases to be required to contribute to the Retirement Compensation Arrangements Account under this Part on the day on which the participant ceases to be required to contribute under Part I of the Canadian Forces Superannuation Act .
Retirement Compensation Arrangements Regulations, No. 1 — 48
48 (1) A benefit shall be paid under this Part to a participant who is entitled to an annuity under the Canadian Forces Superannuation Act as of the same day that the annuity becomes payable. (2) Subject to subsection 49(1), the benefit to which a participant is entitled shall be in an amount equal to (a) the amount of the annuity that would be payable to the participant under Part I of the Canadian Forces Superannuation Act if paragraph 15(1)(b) of that Act applied without reference to the annual rate of pay fixed by or determined in accordance with the regulations referred to in subparagraph 15(1)(b)(iii) of that Act, less (b) any annuity payable to the participant under the Canadian Forces Superannuation Act in respect of the period of pensionable service to the credit of the participant. (3) A benefit payable to a participant under subsection (1) is payable in the same manner and subject to the same conditions as is an annuity payable to the participant under the Canadian Forces Superannuation Act . SOR/2002-73, s. 20
Retirement Compensation Arrangements Regulations, No. 1 — 49
49 (1) For the purposes of subsection 48(2), where a participant has made an election under section 25.1 of the Canadian Forces Superannuation Act in respect of a spouse married when the participant was over 60 years of age, the amount determined under paragraph 8(2)(a) shall be reduced by the same proportion, and for the same period, as the participant’s annuity is reduced under section 66 of the Canadian Forces Superannuation Regulations . (2) The reduction in the benefit referred to in subsection (1) shall be effective on the same day as is the reduction calculated under section 66 of the Canadian Forces Superannuation Regulations .
Retirement Compensation Arrangements Regulations, No. 1 — 50
50 The benefit payable to the surviving spouse of a participant who has made an election under section 25.1 of the Canadian Forces Superannuation Act , where that spouse married the participant when the participant was over 60 years of age, is equal to the amount determined under subsection 48(2), read without reference to subsection 49(1), multiplied by the percentage of the participant’s annuity, calculated before any reduction is calculated under section 66 of the Canadian Forces Superannuation Regulations , that the spouse will receive as an allowance under section 75 of those Regulations.
Retirement Compensation Arrangements Regulations, No. 1 — 51
51 (1) Subject to subsection (2), a participant shall be entitled to a return of contributions made under this Part, together with interest calculated at the rate set out in the Canadian Forces Superannuation Act , if the participant is entitled to a return of contributions under that Act. (2) No return of contributions is payable to a participant under subsection (1) if the difference calculated under subsection 48(2) is nil.
Retirement Compensation Arrangements Regulations, No. 1 — 52
52 (1) If a participant dies, leaving no survivor or child to whom a benefit may be paid under this Part or Part I of the Canadian Forces Superannuation Act , or if the persons to whom such a benefit may be paid die or cease to be entitled to the benefit, a benefit of the type referred to in section 39 of that Act shall be paid to the beneficiary named by the participant under Part II of that Act or, if no beneficiary is named or the named beneficiary does not survive the participant, to the estate of the participant, subject to the same conditions as are specified in that Act for payment of such a benefit. (2) Subject to subsection (3), if five times the aggregate of the benefits referred to in paragraphs (a) and (b) is greater than the total of the participant’s contributions under this Part and Part I of the Canadian Forces Superannuation Act together with interest thereon calculated at the rate and in the manner set out in section 13 of that Act, the amount of a benefit payable under subsection (1) shall be five times the aggregate of (a) the annual amount of any benefit payable to the participant under this Division, determined in accordance with subsection 48(2) and not reduced on account of the age or period of pensionable service of the participant, and (b) the amount of any annuity payable to the participant under the Canadian Forces Superannuation Act , determined in accordance with subsection 15(1) of that Act. (3) The amount of the benefit referred to in subsection (2) shall be reduced by the following amounts paid to or in respect of the participant: (a) any amount paid under this Part; and (b) any amount paid under Part I of the Canadian Forces Superannuation Act , including any amount paid under section 39 of that Act. (4) If the amount determined under subsection (2) is less than the total of the participant’s contributions under this Part and Part I of the Canadian Forces Superannuation Act together with interest thereon calculated at the rate and in the manner set out in section 13 of that Act, the benefit payable under subsection (1) shall be equal to the participant’s contributions under this Part together with interest thereon calculated at the same rate and in the same manner reduced by any amount paid to or in respect of the participant under this Part. SOR/2002-73, s. 21; SOR/2012-114, s. 6(E)
Retirement Compensation Arrangements Regulations, No. 1 — 53
53 Section 22 of the Canadian Forces Superannuation Regulations applies to benefits under this Part in the same manner in which that section would apply to an annuity payable under the Canadian Forces Superannuation Act .
Retirement Compensation Arrangements Regulations, No. 1 — 54
54 Where as a result of an election made under subsection 43(1) of the Canadian Forces Superannuation Act the participant ceases to be entitled to benefits provided under the Public Service Superannuation Act or the Royal Canadian Mounted Police Superannuation Act , any contributions paid by the participant under Part II or IV shall be considered to have been paid under this Part and the benefits to which the participant shall be entitled are those payable under this Part.