Public Service Superannuation Regulations

83 (1) The following definitions apply in sections 84 to 99.

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, for Group 1 contributors, 60 years of age and for Group 2 contributors, 65 years of age. (âge ouvrant droit à pension)

transfer value service

transfer value service[Repealed, SOR/2016-203, s. 35]

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) For the purposes of sections 84 to 99, valuation day is the day on which the transfer value referred to in section 13.01 of the Act is transferred or, if a contributor exercised an option in favour of a transfer value on or after June 20, 1996 and before April 30, 1997, the valuation day is April 30, 1997.