Royal Canadian Mounted Police (Dependants) Pension Fund Increase in Benefits Order (SOR/2014-70)

1 The following pension benefits, as provided in Part IV of the Royal Canadian Mounted Police Pension Continuation ActFootnote ¹, are to be increased in the following manner:

• Return to footnote ¹R.S.C., 1970, c. R-10

• (a) pensions for current and prospective widows are to be increased by 1.2% in each of the 2014, 2015 and 2016 plan years, on April 1 of each plan year;

• (b) lump sum benefits payable on the death of a member are to be increased by 1.2% in each of the 2014, 2015 and 2016 plan years, on April 1 of each plan year; and

• (c) residual amounts payable on the death of a member’s widow are to be calculated with a deemed increase in the member’s contributions, without crediting the contributions with interest, of

  • (i) 1,240% if the widow’s death occurs in the 2015 plan year,

  • (ii) 1,256% if the widow’s death occurs in the 2016 plan year, and

  • (iii) 1,272% if the widow’s death occurs in the 2017 plan year.

2 This Order comes into effect on April 1, 2014.