Public Service Superannuation Regulations
34 (1) Subject to subsections (2) and (3), the annuity or annual allowance to which a contributor referred to in subparagraph 13(1)(d)(ii) or 13.001(1)(d)(ii), subsection 13(6) or 13.001(7) or section 23 or 24.6 of the Act is entitled shall be adjusted by deducting an amount determined by the formula
A × B
where
- A
- is 5% of the amount of the annual allowance that they were receiving before becoming disabled or re-employed in the public service; and
- B
- is the number of years, rounded to the nearest one-tenth, during which they received the annual allowance, other than those years, rounded to the nearest one-tenth, after the day on which they attained the age at which they could have retired and been entitled to an immediate annuity based on the period of pensionable service on which the annual allowance was calculated.
(2) The amount of the annuity or annual allowance to which a contributor referred to in subparagraph 13(1)(d)(ii) or 13.001(1)(d)(ii), subsection 13(6) or 13.001(7) or section 23 or 24.6 of the Act may become entitled under Part I of the Act shall not be less than the annual allowance that the contributor was receiving before their latest re-employment in the public service, plus any increase to which they would be entitled in respect of the period of pensionable service to their credit as a result of being re-employed.
(3) The total amount to be deducted pursuant to subsection (1) shall not exceed the total amount that was received as an annual allowance by the contributor before the contributor became disabled or re-employed in the public service.
- SOR/81-866, s. 1
- SOR/93-450, s. 11(F)
- SOR/2001-160, s. 1
- SOR/2016-203, ss. 23, 46(E)
- Date modified: