Canadian Arsenals Limited Pension Protection Regulations

Link to law: http://laws-lois.justice.gc.ca/eng/regulations/SOR-87-196/FullText.html

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Canadian Arsenals Limited Pension Protection Regulations

SOR/87-196CANADIAN ARSENALS LIMITED DIVESTITURE AUTHORIZATION ACT
Registration 1987-03-26
Regulations Respecting Pension Protection for Employees of Canadian Arsenals Limited
P.C. 1987-591 1987-03-26Her Excellency the Governor General in Council, on the recommendation of the Minister of Supply and Services and the Treasury Board, pursuant to section 12 of the Canadian Arsenals Limited Divestiture Authorization ActFootnote *, is pleased hereby to make the annexed Regulations respecting pension protection for employees of Canadian Arsenals Limited.
Return to footnote *S.C. 1986, c. 20Short Title

1 These Regulations may be cited as the Canadian Arsenals Limited Pension Protection Regulations.

Interpretation

2 In these Regulations, Act means the Canadian Arsenals Limited Divestiture Authorization Act. (Loi)

Applicable Provisions

3 All the provisions of the Public Service Superannuation Act, the Supplementary Retirement Benefits Act and the regulations made under those Acts apply to persons who make the election referred to in paragraph 12(1)(e) of the Act except to the extent that those provisions are adapted in accordance with sections 4 and 5.

Adapted Provisions

4 For the purposes of section 12 of the Act, subparagraphs 9(7)(b)(i) and (ii) and sections 11 and 12 of the Public Service Superannuation Act are adapted as follows:

(a) in subparagraphs 9(7)(b)(i) and (ii), the year in which a person ceased to be employed in the Public Service shall be considered to be the year in which the person ceased to be employed by the Corporation or the amalgamated corporation; and

(b) in sections 11 and 12,

(i) except for the purposes of subsection 11(4), the number of years of pensionable service and any periods of employment in respect of the person shall be considered to include any such service or employment with the Corporation or the amalgamated corporation during the period beginning on the day the person ceases to be employed in the Public Service and ending on the day immediately preceding the day on which the person ceases to be employed by the Corporation or the amalgamated corporation, and
(ii) except for the purposes of subparagraph (i) of these Regulations the day on which a person ceases to be employed in the Public Service shall be considered to be the day on which the person ceases to be employed by the Corporation or the amalgamated corporation.

5 For the purposes of section 12 of the Act, subsection 4(3) and subparagraphs 6(2)(b)(i) and (ii) of the Supplementary Retirement Benefits Act are adapted as follows:

(a) in subsection 4(3), the retirement year or retirement month of a person shall be considered to be 1986 or May 1986, as the case may be; and
(b) in subparagraphs 6(2)(b)(i) and (ii), the year in which a person ceased to contribute in respect of current service to the Supplementary Retirement Benefits Account shall be considered to be the year in which the person ceased to be employed by the Corporation or the amalgamated corporation.

Application Date

6 These Regulations are applicable on and after May 10, 1986, a day that is before their publication in the Canada Gazette.