Public Service Superannuation Regulations

83 (1) The following definitions apply in sections 84 to 104.

new employer

new employer means the employer of a person who has ceased to be employed in the Public Service upon the divestiture of the administration of a service by Her Majesty and who, being subject to regulations made under paragraph 42.1(1)(u) of the Act, is not entitled to a benefit or to exercise an option for a benefit under the Act until ceasing to be employed by that employer. (nouvel employeur)

pensionable age

pensionable age means the age referred to in paragraph 13(1)(a) of the Act. (âge ouvrant droit à pension)

transfer value service

transfer value service means any period of service in respect of which the payment of a transfer value was made in accordance with subsection 13.01(2) of the Act. (période de service achetable)

valuation day

valuation day means

• (a) in respect of a contributor who has ceased to be employed in the Public Service to become employed by a new employer, the later of

  • (i) the date on which the contributor ceases to be employed by the new employer, and

  • (ii) the date on which the contributor exercises an option for a transfer value; and

• (b) in respect of any other contributor, the later of

  • (i) the date on which the contributor ceases to be employed in the Public Service, and

  • (ii) the date on which the contributor exercises an option for a transfer value. (date d’évaluation)

(2) Notwithstanding the definition valuation day in subsection (1), where a contributor exercised an option for a transfer value on or after June 20, 1996 and before April 30, 1997, that contributor’s valuation day is April 30, 1997.