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Supplementary Death Benefit Regulations

Version of section 10 from 2024-06-01 to 2024-11-26:

  •  (1) Subject to subsection (2), every elective participant must contribute to the Consolidated Revenue Fund $0.15 each month for every $1,000 of the basic benefit if the participant

    • (a) on ceasing to be employed in the public service is entitled to an immediate annuity under Part I of the Act;

    • (b) on ceasing to be employed in the public service after March 31, 1995 is entitled to and has opted for an annual allowance payable within thirty days after so ceasing;

    • (c) on ceasing to be required to contribute to the Retirement Compensation Arrangements Account by section 8 or 9 of the Retirement Compensation Arrangements Regulations, No. 1 is entitled to an immediate annuity;

    • (d) on ceasing to be required to contribute to the Retirement Compensation Arrangements Account by section 8 or 9 of the Retirement Compensation Arrangements Regulations, No. 1 is entitled to an immediate annual allowance; or

    • (e) on March 31, 1995 was an elective participant and

      • (i) was receiving an annual allowance under Part I of the Act and had been receiving the annual allowance since a date not later than 30 days after ceasing to be employed in the public service, or

      • (ii) had been receiving an annual allowance under Part I of the Act since a date not later than 30 days after ceasing to be employed in the public service but, on March 31, 1995, was entitled to an immediate annuity under that Part.

  • (2) The contribution required under subsection (1) is reduced by $1.50 per month, in respect of a participant who is 65 years of age or older and who

    • (a) on ceasing to be employed in the public service is entitled to an immediate annuity under Part I of the Act;

    • (b) is a person who is entitled to an immediate annual allowance; or

    • (c) on ceasing to be required to contribute to the Retirement Compensation Arrangements Account by section 8 or 9 of the Retirement Compensation Arrangements Regulations, No. 1 is entitled to an immediate annuity.

  • (3) The reduction referred to in subsection (2) is effective on the earlier of April 1st or October 1st after the day on which the participant attains 65 years of age.

  • SOR/92-716, s. 2
  • SOR/95-163, s. 1
  • SOR/99-378, s. 2
  • SOR/2024-85, s. 9(E)
  • SOR/2024-85, s. 25(E)

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