26.1(1)The commuted value of a deferred pension referred to in subsection 43.1(1) or (2) of the Act shall be calculated in accordance with section 19.
26.1(2)Pension plans from which transfers are restricted under subsection 19(7) or (11) are a class of pension plans that is exempt from the application of subsections 43.1(1) and (2) of the Act.
26.1(3)The exemption in subsection (2) is subject to the following conditions:
(a)
subsections 19(7) to (14) apply with the necessary modifications to a payment that would have been made under subsection 43.1(1) or (2) of the Act if the exemption were not applicable; and
(b)
a spouse or common-law partner who would have been entitled to a payment under subsection 43.1(1) or (2) of the Act if the exemption were not applicable, shall be immediately entitled to payment of the deceased member’s or deceased former member’s contributions with interest.
26.1(1)The commuted value of a deferred pension referred to in subsection 43(1) or (2) of the Act shall be calculated in accordance with section 19.
26.1(2)Pension plans from which transfers are restricted under subsection 19(7) or (11) are a class of pension plans that is exempt from the application of subsections 43(1) and (2) of the Act.
26.1(3)The exemption in subsection (2) is subject to the following conditions:
(a)
subsections 19(7) to (14) apply with the necessary modifications to a payment that would have been made under subsection 43(1) or (2) of the Act if the exemption were not applicable; and
(b)
a spouse that would have been entitled to a payment under subsection 43(1) or (2) of the Act if the exemption were not applicable, shall be immediately entitled to payment of the deceased member’s or deceased former member’s contributions with interest.