Document ID: chunk:federal_register_of_legislation:F2022C00514:reg:96
Version: federal_register_of_legislation:F2022C00514
Segment Type: reg
Provision Reference: reg 96
Character Range: 189567–190323

96  Commutation of small associate pension
 (1) If the annual rate of associate pension is less than $1 303.03, the non‑member spouse may elect to commute the associate pension.
 (2) On 1 January 2005, the amount mentioned in subrule (1) is indexed in accordance with rule 97.
 (2A) On 1 July 2005, and on 1 January and 1 July in each year following 2005, the indexed amount in force immediately before that date is indexed in accordance with rule 97.
 (3) The election must be made, in writing to CSC, not later than 3 months after the non‑member spouse becomes entitled to the associate pension.
 (4) If the non‑member spouse makes the election, the non‑member spouse is entitled instead to a lump sum equal to the transfer amount mentioned in rule 95.