Acts and Regulations

P-5.1 - Pension Benefits Act

Full text
Election of form of pension
99.9913On the transfer of the commuted value of a pension to a shared risk plan provision established under section 99.81,
(a) a member or former member who commenced receiving a pension between April 1, 2010, and September 30, 2014, inclusive, is required to re-elect his or her form of pension in accordance with the plan text, despite any previous election he or she has made, and
(b) if they wish to waive a joint and survivor pension, a member or former member and the member’s or former member’s spouse or common-law partner are required to resubmit a waiver in accordance with subsection 41(4), within 90 days after receipt of notice of the right to do so, despite any previous waiver submitted.
2014, c.68, s.3.