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Public Service Superannuation Regulations

Version of section 13.3 from 2016-06-23 to 2024-05-28:

  •  (1) A person may revoke an election made under subsection 5.4(1) or 5.5(1) of the Act within two years after the day on which the election was made if

    • (a) the person received, from a person employed in the public service whose ordinary duties included the giving of advice respecting the counting of service under the Act, erroneous or misleading information regarding

      • (i) the amount required to be paid to the Superannuation Account in respect of the service in relation to which the election was made, or

      • (ii) the benefits that would be payable under the Act as a result of the election; or

    • (b) owing to circumstances that were not foreseen by them at the time of the making of the election, the making of the payment required under section 13.2 would cause them financial hardship.

  • (2) A revocation under subsection (1) applies to all service in respect of which the election was made.

  • (3) A person who revokes an election pursuant to subsection (1) shall repay the amount of any annuities, annual allowances or supplementary benefits received in respect of the service in relation to which the election was made, either

    • (a) in a lump sum, within 30 days after the revocation; or

    • (b) in instalments, to be deducted from any monthly instalments of annuities, annual allowances or supplementary benefits payable to the contributor under the Act in respect of other service.

  • SOR/93-450, s. 7
  • SOR/2016-203, ss. 9, 46(E)

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