Members of Parliament Retiring Allowances Act

Marginal note:Limits on contributions

• 12 (1) Notwithstanding anything in this Part, no contribution shall be paid by a member under this Part

  • (a) in respect of any session in the course of which the member ceases to be a Senator by reason of disqualification or was expelled from the House of Commons; or

  • (b) after the member has reached 71 years of age.

  • (c) [Repealed, 2012, c. 22, s. 12]

• Marginal note:Contribution of 1%

  (2) During the period that begins on January 1, 2001 and ends on December 31, 2015, a member who has not reached 71 years of age shall with respect to each calendar year, by reservation from his or her sessional indemnity, after the aggregate of the products obtained by multiplying the number of years of pensionable service to the member’s credit by the multipliers set out in subsection 16(1) and, as applicable, subsection 36(2) or (6) equals 0.75, contribute under this Part 1% of that portion of the sessional indemnity that does not exceed his or her earnings limit for the calendar year.

• Marginal note:Contributions on or after January 1, 2016

  (2.1) Beginning on January 1, 2016, a member who has not reached 71 years of age shall with respect to each calendar year, by reservation from his or her pensionable earnings, after the aggregate of the products obtained under subsection (2) and the product obtained by multiplying the number of years of pensionable service on or after January 1, 2016 to the member’s credit by 0.02 equals 0.75, contribute under this Part at the applicable contribution rate in respect of the portion of the member’s pensionable earnings that does not exceed the member’s earnings limit for the calendar year.

• Marginal note:Exclusions from computation of contributions

  (3) In a computation of the total amount that a member has contributed or elected to contribute under this Part and, where applicable, Parts I to V of the former Act, there shall not be included

  • (a) any contributions in respect of which a withdrawal allowance has been paid;

  • (b) any contributions in respect of which the election of the member has been revoked; or

  • (c) any amount paid by way of interest.