Canadian Forces Superannuation Act
Version of section 16 from 2003-01-01 to 2007-02-28:
Marginal note:Benefits payable on retirement
16 A contributor who, having reached retirement age, ceases to be a member of the regular force for any reason other than a reason described in subsection 18(1) or (4) is entitled to a benefit determined as follows:
(a) if he has served in the regular force for three years or less, he is entitled to a return of contributions;
(b) if he has served in the regular force for more than three years but less than ten years, he is entitled to
(i) a return of contributions, or
(ii) a cash termination allowance,
whichever is the greater; and
(c) if he has served in the regular force for ten or more years, he is entitled to an immediate annuity.
- R.S., c. C-9, s. 10
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