Annuities Agents Pension Regulations (C.R.C., c. 319)

Regulations are current to 2013-05-26 and last amended on 2009-11-04. Previous Versions

Annuities Agents Pension Regulations

C.R.C., c. 319

APPROPRIATION ACTS

APPROPRIATION ACT NO. 1, 1961

APPROPRIATION ACT NO. 5, 1961

Regulations Respecting the Payment of Pensions to Annuities Agents

SHORT TITLE

 These Regulations may be cited as the Annuities Agents Pension Regulations.

INTERPRETATION

 In these Regulations,

“a(f) Ultimate”

“a(f) Ultimate” and “a(f) and a(m) Ultimate” Tables mean the tables so entitled appearing in the Mortality of Annuitants 1900-1920 published on behalf of the Institute of Actuaries and The Faculty of Actuaries in Scotland, 1924; (a(f) Ultimate eta(f) and a(m) Ultimate)

“agent”

“agent” means a person engaged as an agent of the Minister of Employment and Immigration pursuant to the Government Annuities Regulations to sell annuities under the Government Annuities Act on a full-time basis and who, at the time of becoming engaged as such, has not attained the age of 65 years; (agent)

“annuity”

“annuity” means an annuity computed in accordance with section 7; (pension)

“contributor”

“contributor” means an agent and, unless the context otherwise requires, a former agent to whom or in respect of whom an annuity or other benefit is payable or may become payable in accordance with these Regulations; (contributeur)

“current service”

“current service” means service performed on or after the effective date and includes any period during which a contributor is on an authorized leave of absence and in respect of which contributions are paid by the contributor; (service courant)

“deferred annuity”

“deferred annuity” means an annuity that becomes payable to a contributor at the time he reaches 65 years of age; (pension à jouissance différée)

“disabled”

“disabled” means incapable of pursuing regularly any substantially gainful occupation; (invalide)

“earnings”

“earnings” mean the commissions paid to an agent for the performance of his duties and determined in accordance with the scale of commissions from time to time approved by the Minister of Employment and Immigration; (gains)

“effective date”

“effective date” means October 1, 1961; (date d’entrée en vigueur)

“immediate annuity”

“immediate annuity” means an annuity that becomes payable to a contributor immediately upon his becoming entitled thereto; (pension à jouissance immédiate)

“Minister”

“Minister” means the President of the Treasury Board; (ministre)

“misconduct”

“misconduct” means wilful disobedience of the provisions of any statute, regulation or directive governing the performance of the official duties of an agent, the breach of which involves the termination of his engagement, malversation in office, or abandonment of office; (inconduite)

“past service”

“past service” means service performed prior to the effective date; (service antérieur)

“Public Service”

“Public Service” has the same meaning as in the Public Service Superannuation Act; (Fonction publique)

“recipient”

“recipient” means a person to whom any benefit has become payable under these Regulations; (bénéficiaire)

“return of contributions”

“return of contributions” means the return of the amount paid by the contributor into the Annuities Agents Pension Account, without interest; (remise des contributions)

“service”

“service” means the performance by an agent of the duties assigned to him by or on behalf of the Minister of Employment and Immigration in accordance with the terms of his engagement, and, where military service with the Canadian Armed Forces during the Second World War constitutes a break in the service, includes that military service. (service)