Members of Parliament Retiring Allowances Regulations (C.R.C., c. 1033)

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Regulations are current to 2013-05-20

Members of Parliament Retiring Allowances Regulations

Members of Parliament Retiring Allowances Regulations

1. [Repealed, SOR/2003-111, s. 2]

2. In these Regulations,

3. (1) The Minister shall, in each calendar month, credit to the Account an amount equal to the contributions paid in that month pursuant to sections 6 and 15 of the Act.
(2) Where a member has elected, pursuant to section 7, 8 or 19 of the Act, to contribute in respect of a previous session, the Minister shall, in the calendar month in which the member so elects, credit to the Account an amount equal to the amount that becomes payable by the member under subsection 9(1) and section 20 of the Act.
(3) Interest shall be credited to the Account in respect of each quarter in each fiscal year, on the last day of June, September, December and March, calculated at the rate of 2 1/2 per cent of the balance to the credit of the Account on the last day of the preceding quarter.

3.1 (1) The period referred to in section 8 of the Act begins on the first day of the fiscal year in which the report referred to in that section is laid before Parliament and ends on the last day of the fifteenth fiscal year after the tabling of that report.
(2) The period referred to in section 29 of the Act begins on the first day of the fiscal year in which the report referred to in that section is laid before Parliament and ends on the last day of the fifteenth fiscal year after the tabling of that report.

4. For the purposes of paragraph 33(2)(b) of the Act, interest shall be calculated at the rate of four per cent compounded annually.

5. (1) Instalments of an allowance payable under section 12, 24 or 25 of the Act shall be paid on the last day of each month.
(2) Where a member becomes entitled to an allowance after the first day of any calendar month, the instalment that is payable on the last day of that month shall be that proportion of the instalment for a full month that is payable to that member that the number of days in that month on which the member is so entitled is of the total number of days in that month.
(3) Where a person to whom an allowance is payable under section 12, 24 or 25 of the Act dies in any calendar month on a day other than the last day of that month, the amount of the instalment that is payable in respect of him for that month is that proportion of the instalment payable to him for a whole month that the number of days in the month prior to and including the day on which he died is of the total number of days in that month.
(4) Where a person who is in receipt of an allowance under section 12, 24 or 25 of the Act ceases to be entitled thereto, payment may be made in respect of the full month in which that person ceased to be entitled to that allowance.