Acts and Regulations

M-7.1 - Members’ Pension Act

Full text
Reduced supplementary allowance payable before age sixty
24.1(1)Despite section 23.1, a person referred to in subsection 22(1.2) who elects to receive a reduced supplementary allowance under subsection 22(1.2) and who has to his or her credit at least six months of pensionable service as a minister shall be deemed to have elected to receive, in addition to the reduced supplementary allowance to which he or she is entitled under subsection 22(1.2) a reduced supplementary allowance in an amount calculated in accordance with section 23.1, reduced by 5/12 of 1% for each month by which the commencement date of the reduced supplementary allowance precedes that person’s sixtieth birthday.
24.1(2)A reduced supplementary allowance under subsection (1) is payable in lieu of a supplementary allowance under section 23.1 and a person who is deemed to have elected to receive a reduced supplementary allowance under subsection (1) is not entitled to a supplementary allowance under section 23.1 on attaining sixty years of age or at any later time.
2011, c.35, s.15
Reduced supplementary allowance payable before age sixty
24.1(1)Despite section 23.1, a person referred to in subsection 22(1.2) who elects to receive a reduced supplementary allowance under subsection 22(1.2) and who has to his or her credit at least six months of pensionable service as a minister shall be deemed to have elected to receive, in addition to the reduced supplementary allowance to which he or she is entitled under subsection 22(1.2) a reduced supplementary allowance in an amount calculated in accordance with section 23.1, reduced by 5/12 of 1% for each month by which the commencement date of the reduced supplementary allowance precedes that person’s sixtieth birthday.
24.1(2)A reduced supplementary allowance under subsection (1) is payable in lieu of a supplementary allowance under section 23.1 and a person who is deemed to have elected to receive a reduced supplementary allowance under subsection (1) is not entitled to a supplementary allowance under section 23.1 on attaining sixty years of age or at any later time.
2011, c.35, s.15