Royal Canadian Mounted Police Superannuation Regulations

68 For the purposes of subsection 12.1(1) of the Act, if the commuted value determined in accordance with sections 61 to 65 exceeds the amount that may, in accordance with section 8517 of the Income Tax Regulations, be transferred to a retirement savings plan or fund, or to a financial institution for the purchase of an immediate or deferred life annuity, the excess amount shall be paid to the contributor.