Document ID: chunk:federal_register_of_legislation:C2022C00264:section:96aa
Version: federal_register_of_legislation:C2022C00264
Segment Type: section
Provision Reference: s 96AA
Character Range: 311536–312139

96AA  Lump sum instead of spouse's pension
 (1) If the annual rate at which spouse's pension is payable to a person under subsection 96(2A) 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 becomes payable, by notice in writing to CSC, elect to commute that pension 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 pension, a lump sum of an amount determined in writing by CSC after consultation with an actuary.