Document ID: chunk:federal_register_of_legislation:F2022C00997:reg:92
Version: federal_register_of_legislation:F2022C00997
Segment Type: reg
Provision Reference: reg 92
Character Range: 105557–106205

92  Commutation of small associate pension
 (1) If the annual rate of associate pension to which the non‑member spouse becomes entitled is less than $1 300, the non‑member spouse may elect to commute the pension.
 (2) The election must be made in writing to the Commissioner not later than 3 months after the non‑member spouse becomes entitled to the pension.
 (3) If the non‑member spouse makes the election, the non‑member spouse is entitled instead to a lump sum equal to the transfer amount.
 (4) The amount specified in subregulation (1) is to be indexed in the same way, and at the same time, as a standard pension is indexed under Part XA.