Divestiture of Service Transitional Coverage Regulations

Link to law: http://laws-lois.justice.gc.ca/eng/regulations/SOR-98-446/FullText.html

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Divestiture of Service Transitional Coverage Regulations

SOR/98-446PUBLIC SERVICE SUPERANNUATION ACT
FINANCIAL ADMINISTRATION ACT
Registration 1998-08-28
Divestiture of Service Transitional Coverage Regulations
T.B. 826504 1998-08-25The Treasury Board, on the recommendation of the President of the Treasury Board, pursuant to paragraph 42.1(1)(v.5)Footnote a of the Public Service Superannuation Act and paragraph 7(2)(a) of the Financial Administration Act, hereby makes the annexed Divestiture of Service Transitional Coverage Regulations.
Return to footnote aS.C. 1996, c. 18, s. 35Interpretation

1 The definitions in this section apply in these Regulations.

Act
Act means the Public Service Superannuation Act. (Loi)
person or body
person or body means a person or body to whom the administration of a service is transferred or otherwise divested under subsection 40.1(1) of the Act. (cessionnaire)

Maximum Period

2 For the purpose of paragraph 40.1(2)(a) of the Act, the maximum period during which a person or body may form part of the Public Service is three years.
SOR/2001-213, s. 1.

Condition

3 As a condition of remaining part of the Public Service in accordance with a direction of Treasury Board made under paragraph 40.1(2)(a) of the Act, a person or body shall make monthly payments into the Superannuation Account or the Public Service Pension Fund of the amounts determined in accordance with section 9 of the Public Service Superannuation Regulations.
SOR/2001-213, s. 2.

Coming into Force

4 These Regulations come into force on August 28, 1998.