26(1)If benefits are paid to a surviving dependent spouse under subsection 24(2), the Commission shall, as of the first day benefits are paid under that subsection, set aside an amount equal to 5% of the benefits paid to the spouse under that subsection, 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 the spouse at the age of 65 years.

26(2)If benefits are paid to a surviving dependent spouse under subsection 25(1), the Commission shall, as of the first day benefits are paid under that subsection, set aside an amount equal to 8% of the benefits paid to the spouse under that subsection 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 the spouse at the age of 65 years.

26(3)Subsection (1) applies with the necessary modifications to benefits paid under subsection 22(1) to a surviving dependent spouse who elects to receive benefits under subsection 24(2), except that when an election is made, the amount shall be set aside as soon as practicable after the election is effective.

26(4)Subsection (2) applies with the necessary modifications to benefits paid under subsection 22(1) to a surviving dependent spouse who elects to receive benefits under subsection 25(1), except that when an election is made, the amount shall be set aside as soon as practicable after the election is effective.

26(5)If a surviving dependent spouse dies before an election is made under section 23, the Commission shall set aside an amount equal to 5% of the benefits paid to the spouse under subsection 22(1).

26(6)An amount set aside under this section shall not be deducted from the benefits paid to the surviving dependent spouse but shall be an amount that the Commission sets aside over and above the benefits payable to the spouse under subsection 22(1), 24(2) or 25(1).

26(7)An amount set aside under this section 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.

26(8)If the pension to which a surviving dependent spouse is entitled would be less than $500 per year, the Commission may, in lieu of that pension, pay the accumulated capital and the return, whether positive or negative, on the accumulated capital to the spouse at the age of 65 years.

26(9)If a surviving dependent spouse dies before attaining the age of 65 years, any amount set aside in the reserves of the Commission for the purpose of providing the spouse with a pension at the age of 65 years together with the return, whether positive or negative, on the amount shall be divided equally among the surviving dependants of the spouse.

26(10)If a surviving dependent spouse has no surviving dependants at the time of his or her death, the amount remaining shall be deposited to the credit of the Disability Fund.

26(11)The pension provided under this section is in addition to any benefit provided under the Canada Pension Plan Act (Canada) and the Old Age Security Act (Canada).

26(1)If benefits are paid to a surviving dependent spouse under subsection 24(2), the Commission shall, as of the first day benefits are paid under that subsection, set aside an amount equal to 5% of the benefits paid to the spouse under that subsection, and that amount together with accrued interest shall be used to provide a pension for the spouse at the age of 65 years.

26(2)If benefits are paid to a surviving dependent spouse under subsection 25(1), the Commission shall, as of the first day benefits are paid under that subsection, set aside an amount equal to 8% of the benefits paid to the spouse under that subsection and that amount together with accrued interest shall be used to provide a pension for the spouse at the age of 65 years.

26(3)Subsection (1) applies with the necessary modifications to benefits paid under subsection 22(1) to a surviving dependent spouse who elects to receive benefits under subsection 24(2), except that when an election is made, the amount shall be set aside as soon as practicable after the election is effective.

26(4)Subsection (2) applies with the necessary modifications to benefits paid under subsection 22(1) to a surviving dependent spouse who elects to receive benefits under subsection 25(1), except that when an election is made, the amount shall be set aside as soon as practicable after the election is effective.

26(5)If a surviving dependent spouse dies before an election is made under section 23, the Commission shall set aside an amount equal to 5% of the benefits paid to the spouse under subsection 22(1).

26(6)An amount set aside under this section shall not be deducted from the benefits paid to the surviving dependent spouse but shall be an amount that the Commission sets aside over and above the benefits payable to the spouse under subsection 22(1), 24(2) or 25(1).

26(7)An amount set aside under this section 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.

26(8)If the pension to which a surviving dependent spouse is entitled would be less than $500 per year, the Commission may, in lieu of that pension, pay the accumulated capital and interest to the spouse at the age of 65 years.

26(9)If a surviving dependent spouse dies before attaining the age of 65 years, any amount set aside in the reserves of the Commission for the purpose of providing the spouse with a pension at the age of 65 years together with accrued interest shall be divided equally among the surviving dependants of the spouse.

26(10)If a surviving dependent spouse has no surviving dependants at the time of his or her death, the amount remaining shall be deposited to the credit of the Disability Fund.

26(11)The pension provided under this section is in addition to any benefit provided under the Canada Pension Plan Act (Canada) and the Old Age Security Act (Canada).

26(1)If benefits are paid to a surviving dependent spouse under subsection 24(2), the Commission shall, as of the first day benefits are paid under that subsection, set aside an amount equal to 5% of the benefits paid to the spouse under that subsection, and that amount together with accrued interest shall be used to provide a pension for the spouse at the age of 65 years.

26(2)If benefits are paid to a surviving dependent spouse under subsection 25(1), the Commission shall, as of the first day benefits are paid under that subsection, set aside an amount equal to 8% of the benefits paid to the spouse under that subsection and that amount together with accrued interest shall be used to provide a pension for the spouse at the age of 65 years.

26(3)Subsection (1) applies with the necessary modifications to benefits paid under subsection 22(1) to a surviving dependent spouse who elects to receive benefits under subsection 24(2), except that when an election is made, the amount shall be set aside as soon as practicable after the election is effective.

26(4)Subsection (2) applies with the necessary modifications to benefits paid under subsection 22(1) to a surviving dependent spouse who elects to receive benefits under subsection 25(1), except that when an election is made, the amount shall be set aside as soon as practicable after the election is effective.

26(5)If a surviving dependent spouse dies before an election is made under section 23, the Commission shall set aside an amount equal to 5% of the benefits paid to the spouse under subsection 22(1).

26(6)An amount set aside under this section shall not be deducted from the benefits paid to the surviving dependent spouse but shall be an amount that the Commission sets aside over and above the benefits payable to the spouse under subsection 22(1), 24(2) or 25(1).

26(7)An amount set aside under this section 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.

26(8)If the pension to which a surviving dependent spouse is entitled would be less than $500 per year, the Commission may, in lieu of that pension, pay the accumulated capital and interest to the spouse at the age of 65 years.

26(9)If a surviving dependent spouse dies before attaining the age of 65 years, any amount set aside in the reserves of the Commission for the purpose of providing the spouse with a pension at the age of 65 years together with accrued interest shall be divided equally among the surviving dependants of the spouse.

26(10)If a surviving dependent spouse has no surviving dependants at the time of his or her death, the amount remaining shall be deposited to the credit of the Disability Fund.

26(11)The pension provided under this section is in addition to any benefit provided under the Canada Pension Plan Act (Canada) and the Old Age Security Act (Canada).