Canada Post Corporation Withdrawal Regulations (SOR/2000-375)

Regulations are current to 2013-04-29

TRANSFER OF FUNDS

  •  (1) The amount calculated in accordance with section 3, together with interest calculated in accordance with subsection (2), shall be paid by the Minister over a period not exceeding two years from October 1, 2000.

  • (2) Interest on each payment made by the Minister shall be calculated at the rate of 7.25% per annum from October 1, 2000 to the end of the day preceding each payment.

 The amount calculated in accordance with section 3, together with interest calculated in accordance with subsection 4(2), shall be paid to the Canada Post Pension Plan

  • (a) out of the Superannuation Account to the extent to which the amount has been calculated in respect of pensionable service to the credit of persons referred to in section 2 prior to April 1, 2000; and

  • (b) out of the Public Service Pension Fund to the extent to which the amount has been calculated in respect of pensionable service credited to those persons after March 31, 2000.

COMING INTO FORCE

 These Regulations come into force on the day on which they are registered.