Public Service Superannuation Act
Marginal note:Minimum benefits
27 (1) If, on the death of a contributor who was not required to contribute to the Superannuation Account under subsection 5(1) in the period that began on or after December 20, 1975 and that ends on December 31, 1999 — or who was not required to contribute to the Superannuation Account or the Public Service Pension Fund under subsection 5(1.1) or (1.2) on or after January 1, 2000 — there is no person to whom an allowance provided in this Part may be paid, or if the persons to which that allowance may be paid die or cease to be entitled to that allowance and no other amount may be paid to them under this Part, any amount by which the amount of a return of contributions exceeds the aggregate of all amounts paid to those persons and to the contributor under this Part and the Superannuation Act shall be paid, as a death benefit, to the contributor’s estate or succession or, if less than one thousand dollars, as the Minister may direct.
Marginal note:Minimum benefits
(2) If, on the death of a contributor who was required to contribute to the Superannuation Account under subsection 5(1) in the period that began on or after December 20, 1975 and that ends on December 31, 1999 — or who was required to contribute to the Superannuation Account or the Public Service Pension Fund under subsection 5(1.1) or (1.2) on or after January 1, 2000 — there is no person to whom an allowance provided in this Part may be paid, or if the persons to whom that allowance may be paid die or cease to be entitled to that allowance and no other amount may be paid to them under this Part, an amount equal to the amount by which
(a) the greater of
(i) the amount of a return of contributions, and
(ii) an amount equal to five times the annuity to which the contributor was or would have been at the time of his death entitled, determined in accordance with subsection 11(1),
exceeds
(b) the aggregate of all amounts paid to those persons and to the contributor under this Part and the Superannuation Act
shall be paid, as a death benefit,
(c) if the contributor named his estate as his beneficiary or named another beneficiary under Part II and the beneficiary survives the contributor, to the beneficiary, and
(d) in any other case, to the estate of the contributor or, if less than one thousand dollars, as the Minister may direct.
- R.S., 1985, c. P-36, s. 27
- 1999, c. 34, s. 78
- Date modified: