19(1)If compensation is paid to a firefighter or former firefighter under this Act for a period exceeding 24 consecutive months, the Commission shall, beginning in the twenty-fifth month, set aside an amount equal to 10% of the compensation paid from that date and that amount together with the rate of return, whether positive or negative, applied to the amount shall be used to provide a pension for him or her at the age of 65 years.

19(2)An amount set aside under subsection (1) shall be set aside in the reserves of the Commission in a separate fund to be known as the Firefighters’ Pension Fund and shall be administered by the Commission.

19(3)The rate of return, whether positive or negative, shall be assumed to have been applied quarterly to the amount credited to each firefighter’s or former firefighter’s account in the Firefighters’ Pension Fund and the rate of return, whether positive or negative, shall be the average yield rate of the investment portfolio of the Firefighters’ Pension Fund during each quarter.

19(4)An amount set aside under subsection (1) shall not be deducted from the compensation paid to the firefighter or former firefighter but shall be an amount which the Commission shall set aside over and above the compensation payable to him or her. 

19(5)In determining the amount of compensation paid for the purposes of subsection (1), the Commission shall not take into account any lump sum provided under section 15.

19(6)If the pension to which a firefighter or former firefighter is entitled under subsection (1) would be less than $500 per year, the Commission may, in lieu of that pension, pay to him or her at the age of 65 years the accumulated capital and the return, whether positive or negative, on the accumulated capital.

19(7)If a firefighter or former firefighter dies before attaining the age of 65 years, any amount set aside in the reserves of the Commission for the purpose of providing him or her with a pension, together with the return, whether positive or negative, on the amount shall, subject to subsection (8), be divided equally among his or her surviving dependants.

19(8)If a spouse has the care of a dependent child of the firefighter or former firefighter, that child’s share shall be given to the spouse.

19(9)If a firefighter or former firefighter has no surviving dependants, the amount remaining shall be deposited to the credit of the Disability Fund.

19(10)The pension is in addition to any benefit provided under the Canada Pension Plan Act (Canada) and the Old Age Security Act (Canada).

19(1)If compensation is paid to a firefighter or former firefighter under this Act for a period exceeding 24 consecutive months, the Commission shall, beginning in the twenty-fifth month, set aside an amount equal to 10% of the compensation paid from that date and that amount together with accrued interest shall be used to provide a pension for him or her at the age of 65 years.

19(2)An amount set aside under subsection (1) shall be set aside in the reserves of the Commission in a separate fund to be known as the Firefighters’ Pension Fund and shall be administered by the Commission.

19(3)Interest shall be assumed to have been paid quarterly on the amount credited to each firefighter or former firefighter’s account in the Firefighters’ Pension Fund and the rate of interest payable shall be the average yield rate of the investment portfolio of the Firefighters’ Pension Fund during each quarter.

19(4)An amount set aside under subsection (1) shall not be deducted from the compensation paid to the firefighter or former firefighter but shall be an amount which the Commission shall set aside over and above the compensation payable to him or her. 

19(5)In determining the amount of compensation paid for the purposes of subsection (1), the Commission shall not take into account any lump sum provided under section 15.

19(6)If the pension to which a firefighter or former firefighter is entitled under subsection (1) would be less than $500 per year, the Commission may, in lieu of that pension, pay to him or her at the age of 65 years the accumulated capital and interest.

19(7)If a firefighter or former firefighter dies before attaining the age of 65 years, any amount set aside in the reserves of the Commission for the purpose of providing him or her with a pension, together with accrued interest shall, subject to subsection (8), be divided equally among his or her surviving dependants.

19(8)If a spouse has the care of a dependent child of the firefighter or former firefighter, that child’s share shall be given to the spouse.

19(9)If a firefighter or former firefighter has no surviving dependants, the amount remaining shall be deposited to the credit of the Disability Fund.

19(10)The pension is in addition to any benefit provided under the Canada Pension Plan Act (Canada) and the Old Age Security Act (Canada).

19(1)If compensation is paid to a firefighter or former firefighter under this Act for a period exceeding 24 consecutive months, the Commission shall, beginning in the twenty-fifth month, set aside an amount equal to 10% of the compensation paid from that date and that amount together with accrued interest shall be used to provide a pension for him or her at the age of 65 years.

19(2)An amount set aside under subsection (1) shall be set aside in the reserves of the Commission in a separate fund to be known as the Firefighters’ Pension Fund and shall be administered by the Commission.

19(3)Interest shall be assumed to have been paid quarterly on the amount credited to each firefighter or former firefighter’s account in the Firefighters’ Pension Fund and the rate of interest payable shall be the average yield rate of the investment portfolio of the Firefighters’ Pension Fund during each quarter.

19(4)An amount set aside under subsection (1) shall not be deducted from the compensation paid to the firefighter or former firefighter but shall be an amount which the Commission shall set aside over and above the compensation payable to him or her. 

19(5)In determining the amount of compensation paid for the purposes of subsection (1), the Commission shall not take into account any lump sum provided under section 15.

19(6)If the pension to which a firefighter or former firefighter is entitled under subsection (1) would be less than $500 per year, the Commission may, in lieu of that pension, pay to him or her at the age of 65 years the accumulated capital and interest.

19(7)If a firefighter or former firefighter dies before attaining the age of 65 years, any amount set aside in the reserves of the Commission for the purpose of providing him or her with a pension, together with accrued interest shall, subject to subsection (8), be divided equally among his or her surviving dependants.

19(8)If a spouse has the care of a dependent child of the firefighter or former firefighter, that child’s share shall be given to the spouse.

19(9)If a firefighter or former firefighter has no surviving dependants, the amount remaining shall be deposited to the credit of the Disability Fund.

19(10)The pension is in addition to any benefit provided under the Canada Pension Plan Act (Canada) and the Old Age Security Act (Canada).