Royal Canadian Mounted Police Superannuation Regulations
Version of section 8.1 from 2008-01-01 to 2013-06-06:
8.1 For the purposes of subsection 5(9) of the Act, the annual rate of pay is equal to the amount determined by the following formula and rounded to the next highest multiple of $100:
(A – (B x C)) ÷ 0.02 + C
where
- A
- is
(a) in respect of pay received by the person for 1995, $1,722.22, and
(b) in respect of pay received by the person for any year after 1995, the amount of the defined benefit limit determined for that year in accordance with the definition defined benefit limit in subsection 8500(1) of the Income Tax Regulations;
- B
- is
(a) in respect of pay received by the person for any year after 1994 and before 2008, 0.013, and
(b) in respect of pay received by the person for any year after 2007, 0.01375; and
- C
- is the Year’s Maximum Pensionable Earnings determined for that year in accordance with section 18 of the Canada Pension Plan.
- SOR/95-119, s. 1
- SOR/2006-134, s. 3
- SOR/2007-283, s. 1
- Date modified: