Canadian Forces Superannuation Regulations

14.6 (1) For the purposes of this section, “former earnings”, in respect of a period of pensionable service of a contributor who was a participant under subsection 4(2) of the Reserve Force Pension Plan Regulations, means the earnings that remained to their credit as pensionable earnings on the day before they became a member of the regular force, other than earnings that came to their credit as a result of a past earnings election, less any portion of those earnings that relates to earned premiums in lieu of leave, plus the allowance calculated in respect of that period in accordance with section 9.

(2) A contributor who makes a top-up election shall pay the full amount or a lesser amount for which the contributor opts at the time of making the election.

(3) The full amount is

• (a) in respect of pensionable service described in paragraph 14.2(a), the total of amounts determined for each calendar year by the formula

  B - A

  where

  A

  is the amount that the contributor was required to contribute as a participant under the Reserve Force Pension Plan Regulations on their earnings, for that calendar year, that remained to their credit as pensionable earnings for the purposes of those Regulations on the day before the contributor became a member of the regular force, other than earnings that came to their credit as a result of a past earnings election,

  B

  is the amount that the contributor would have been required to contribute under section 5 of the Act in that calendar year had they been required to so contribute on an amount of salary equal to their former earnings for that calendar year; and

• (b) in respect of pensionable service described in paragraph 14.2(b), the total of amounts determined for each calendar year by the formula

  (D - C) × E

  where

  C

  is the portion of the full amount, excluding interest, determined for that calendar year by the formula in subsection 15(2) of the Reserve Force Pension Plan Regulations for the purposes of the past earnings election referred to in paragraph 14.2(b) of these Regulations,

  D

  is the greater of the value of C and the amount that the contributor would have been required to contribute under subsection 5(1.01) of the Act on an amount of salary for the year of the past earnings election equal to the amount that would be determined as their updated past earnings for that calendar year for the purposes of the past earnings election, if the amount of their past earnings for that calendar year were adjusted by subtracting the amount of any earned premiums in lieu of leave and adding the amount of any allowances calculated in respect of that calendar year in accordance with section 9, and

  E

  is the proportion referred to in subsection 26(1) of the Reserve Force Pension Plan Regulations in relation to the past earnings election that was made.

(4) The contributor may not modify the amount for which the contributor has opted.