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Public Service Superannuation Regulations

Version of section 74 from 2006-03-22 to 2016-06-22:

  •  (1) A contributor who has made an election may revise the level of reduction where

    • (a) the contributor received, in writing, from a person employed in the Public Service whose ordinary duties include the giving of advice respecting the election, materially erroneous or misleading information regarding the amount of the reduction of the contributor’s annuity or annual allowance or the amount of the immediate annual allowance to which the spouse would be entitled; or

    • (b) the amount of the annuity or annual allowance that is payable to the contributor is adjusted in accordance with the Pension Benefits Division Act after the day on which the election was made.

  • (2) A contributor may revoke an election where

    • (a) the contributor received materially erroneous or misleading information referred to in paragraph (1)(a); or

    • (b) the amount of the annuity or annual allowance that is payable to the contributor is adjusted in accordance with the Pension Benefits Division Act after the day on which the election was made.

  • (3) The revision of the level of reduction or the revocation of the election shall be in writing and shall be sent to the Minister or to the person designated by the Minister

    • (a) within three months after the day on which a written notice containing the correct iinformation is sent to the contributor; or

    • (b) within three months after the day on which the annuity or annual allowance is adjusted in accordance with the Pension Benefits Division Act.

  • (4) A revision of the level of reduction or a revocation of the election is effective on the day on which it is sent in accordance with subsection (3).

  • SOR/94-194, s. 1
  • SOR/97-490, s. 9(E)

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