Retirement Compensation Arrangements Regulations, No. 1

8 (1) Subject to subsection (2), a participant referred to in paragraph 4(d) shall contribute to the Retirement Compensation Arrangements Account at a rate equal to twice the applicable rate set out in section 5 of the Public Service Superannuation Act, read without reference to paragraph 5(6)(b) of that Act.

(2) If the aggregate of the period of pensionable service of a participant — consisting of pensionable service under the Public Service Superannuation Act, other pensionable service as determined under subsection 5(5) of that Act and the period specified by the participant in an election under paragraph 11(1)(d) of the Act — exceeds 35 years, the participant shall contribute to the Retirement Compensation Arrangements Account, in respect of the portion of the aggregate period that exceeds 35 years, at a rate equal to twice the rate set out in subsection 5(3), (3.1) or (4) of the Public Service Superannuation Act, as the case may be, read without reference to paragraph 5(6)(b) of that Act.

(3) Contributions under subsections (1) and (2) shall be based on the salary that the participant was receiving on the day that the participant was last employed as a deputy head, adjusted from time to time in accordance with any revisions to the participant’s salary range.