Document ID: chunk:federal_register_of_legislation:C2022C00264:section:95a
Version: federal_register_of_legislation:C2022C00264
Segment Type: section
Provision Reference: s 95A
Character Range: 309161–310113

95A  Lump sum instead of spouse's standard pension etc.
 (1) If:
 (a) the annual rate at which spouse's standard pension is payable to a person under subsection 94(2A); or
 (b) if the person is entitled to spouse's additional pension under subsection 95(1B)—the combined annual rate of the spouse's standard pension and the spouse's additional pension payable to the person;
is less than the annual rate determined in writing by CSC for the purposes of this section, the person may, not later than 3 months after the pension or pensions become payable, by notice in writing to CSC, elect to commute the pension or pensions into a lump sum benefit payable to him or her.
 (2) If the person makes the election, there is payable to the person, instead of spouse's standard pension, or spouse's standard pension and spouse's additional pension (as the case may be), a lump sum of an amount determined in writing by CSC after consultation with an actuary.