Retirement Compensation Arrangements Regulations, No. 1

57 (1) A participant who makes an election under any of clauses 6(b)(ii)(B) to (K), (M) and (N) of the Royal Canadian Mounted Police Superannuation Act shall pay to the Retirement Compensation Arrangements Account, in respect of the portion of the participant’s annual pay that exceeds the amount determined under section 8.1 of the Royal Canadian Mounted Police Superannuation Regulations, the amount that the participant would be required to contribute in respect of that portion under section 7 of that Act.

(2) The participant shall pay the amount in the manner set out in subsection 8(5) of the Royal Canadian Mounted Police Superannuation Act. However, if the participant opts to pay for a period of service referred to in clause 6(b)(ii)(N) of that Act in a lump sum, the participant shall ensure that the amount to be paid is received by the Commissioner within 30 days after the day on which the Commissioner sends notice to the participant of the amount to be paid.

(3) Sections 9.02 to 9.04 of the Royal Canadian Mounted Police Superannuation Regulations apply, with any necessary modifications, to a participant who makes an election referred to in subsection (1).

(4) The fact that a participant has opted to pay by instalments for a period of service referred to in subparagraph 6(b)(ii) of the Royal Canadian Mounted Police Superannuation Act and ceases to be a member of the Force before having paid all of the instalments constitutes a circumstance referred to in section 15 of the Act under which the contributor is required to contribute by reservation from any benefit referred to in that section. The unpaid amount shall be reserved in accordance with section 9.05 of the Royal Canadian Mounted Police Superannuation Regulations.

(5) Any amount that may be recovered under subsection 24(1) of the Act shall bear simple interest at 4% per year and shall be recovered in accordance with section 9.08 of the Royal Canadian Mounted Police Superannuation Regulations.