Public Service Superannuation Regulations

103 An election to pay for transfer value service is invalid if the contributor has not paid to the Retirement Compensation Arrangements Account established under the Special Retirement Arrangements Act any amount required to be paid under paragraph 38.3(a) of the Retirement Compensation Arrangements Regulations, No. 1 in respect of the period contemplated by the election, within the time limit set out in subsection 102(3).