Supplementary Death Benefit Regulations
12 (1) Subject to subsection (2), where an elective participant is or becomes entitled to an annuity or an annual allowance under Part I of the Act, the contributions required to be paid by him pursuant to section 10 or 11 shall, unless the participant otherwise directs, be reserved from that annuity or annual allowance when it becomes payable to him.
(2) Where an annuity or annual allowance payable under Part I of the Act to an elective participant is not sufficient to pay the contributions required to be paid by him pursuant to section 10 or 11, the participant shall pay the contributions by sending them to the Minister annually, quarterly or in a lump sum in advance, at the option of the participant.
(3) A direction made by a participant pursuant to subsection (1) shall be in writing, signed by the participant and addressed to the Minister and shall have effect on and from the first day of the month immediately following the month in which it is received by the Minister.
- SOR/92-716, s. 8(F)
- Date modified: