Canadian Forces Superannuation Act

Marginal note:Definitions

10 In this Act,

annuity

annuité

annuity means an annuity computed in accordance with section 15; (annuité)

cash termination allowance

allocation de cessation en espèces

cash termination allowance means an amount equal to one month’s pay for each year of pensionable service to the credit of the contributor, computed on the basis of the rate of pay authorized to be paid to him or her at the time he or she ceases to be a member of the regular force, minus an amount equal to the amount by which

• (a) the total amount the contributor would have been required to contribute to the Superannuation Account or the Canadian Forces Pension Fund up to the time he or she ceases to be a member of the regular force, other than interest or charges for payments by instalments, in respect of service after 1965, if he or she had contributed on the basis of the rate set forth in subsection 5(1) as it read on December 31, 1965,

exceeds

• (b) the total amount the contributor was required to contribute to the Superannuation Account or the Canadian Forces Pension Fund up to the time he or she ceases to be a member of the regular force, other than interest or charges for payments by instalments, in respect of service after 1965; (allocation de cessation en espèces)

deferred annuity

annuité différée

deferred annuity means an annuity that becomes payable to the contributor at the time he reaches sixty years of age; (annuité différée)

immediate annuity

annuité immédiate

immediate annuity means an annuity that becomes payable to the contributor immediately on his becoming entitled thereto; (annuité immédiate)

recipient

prestataire

recipient means a person to whom any amount is or is about to become payable under this Part; (prestataire)

return of contributions

remboursement de contributions

return of contributions means a return of

• (a) the amount paid by the contributor into the Superannuation Account or the Canadian Forces Pension Fund but not including any amount so paid pursuant to subsection 39(7) of the Public Service Superannuation Act or subsection 24(6) of the Royal Canadian Mounted Police Superannuation Act, and

• (b) any amount paid by him or her into any other account or fund, together with interest, if any, that has been transferred to the Superannuation Account or the Canadian Forces Pension Fund,

to the extent that the amount remains to his or her credit in the Superannuation Account or the Canadian Forces Pension Fund, together with interest, if any, calculated pursuant to section 13. (remboursement de contributions)