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Public Service Superannuation Regulations

Version of section 90 from 2016-06-23 to 2024-04-01:


 The transfer value to which a contributor is entitled is equal to the greater of

  • (a) the actuarial present value on valuation day of the accrued pension benefits that would be payable to or in respect of the contributor had the contributor become entitled to a deferred annuity under section 13 or 13.001 of the Act on ceasing to be employed in the public service, and

  • (b) the amount of a return of contributions that would be payable on valuation day if the contributor were eligible to receive a return of contributions.

  • SOR/97-222, s. 1
  • SOR/2016-203, s. 36

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