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Defence Services Pension Continuation Regulations (C.R.C., c. 554)

Regulations are current to 2023-05-17 and last amended on 2016-03-29. Previous Versions

Actuarial Assumptions

 For the purposes of sections 26 and 27, the only demographic assumptions on which the actuarial values are to be based are those prescribed in the Canadian Forces Superannuation Regulations for the purposes of an election under 25.1 of the Canadian Forces Superannuation Act.

  • SOR/94-277, s. 1

 For the purposes of the determinations referred to in sections 26 and 27, the rates of interest set out in the Recommendations for the Computation of Transfer Values from Registered Pension Plans, published by the Canadian Institute of Actuaries, effective September 1, 1993, shall be the rates in respect of fully indexed pensions.

  • SOR/94-277, s. 1

Cessation of Effect of an Election

 An election ceases to have effect on the earliest of

  • (a) the day on which the spouse dies,

  • (b) the day on which the annulment of the marriage of the officer and the spouse takes effect, and

  • (c) the day on which the divorce between the officer and the spouse takes effect.

  • SOR/94-277, s. 1

Effective Date of Reduction

 The amount of the reduction of an officer's pension, calculated in accordance with section 26, shall be subtracted from the monthly instalment of the pension payable to the officer, effective on the first day of the second month after the month in which the election is made.

  • SOR/94-277, s. 1

Revocation

 For the purposes of subsection 26.1(5) of the Act, an election made by an officer is deemed to be revoked on the day on which the officer is required to contribute to the Superannuation Account pursuant to subsection 5(1) of the Canadian Forces Superannuation Act.

  • SOR/94-277, s. 1

Termination of Reduction

 Where an election ceases to have effect pursuant to section 30, or is deemed to be revoked pursuant to section 32, the reduction ceases on the first day of the month in which the election is revoked or ceases to have effect.

  • SOR/94-277, s. 1

Surviving Spouse Pension

 The pension to which a spouse is entitled on the death of the officer who had made an election is equal to an amount determined in accordance with subparagraph 26(b)(i), if paragraph 26(b) were read without reference to supplementary benefits payable under the Supplementary Retirement Benefits Act.

  • SOR/94-277, s. 1
 
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