Acts and Regulations

M-7.1 - Members’ Pension Act

Section 22
Disposition versions

Full text
Reduced supplementary allowance and supplementary allowance payable before age sixty
22(1)Despite section 21, a member who has to his or her credit eight or more sessions of pensionable service and who ceased to be a member before April 1, 2008, may elect, before attaining fifty-five years of age, to receive a reduced supplementary allowance calculated in accordance with section 21, reduced by 5/12 of 1% for each month by which the commencement date of the reduced supplementary allowance precedes his or her fifty-fifth birthday.
22(1.1)Despite section 21.1, a member who has to his or her credit eight or more sessions of pensionable service and who ceases to be a member between April 1, 2008, and October 12, 2010, both dates inclusive, may elect, on or after attaining fifty-five years of age and before attaining sixty years of age, to receive a supplementary allowance calculated using the following formula:
X + (Y × Z)
where
X  = the supplementary allowance calculated in accordance with section 21.1;
Y  = 2% of the average indemnity received by the person as a member during or in respect of the three successive sessions during or for which his or her indemnity was the highest, multiplied by the number of sessions of pensionable service to his or her credit; and
Z  = 5/36 of 1% for each month by which the commencement date of the supplementary allowance precedes his or her sixtieth birthday.
22(1.2)Despite section 21.1, a member who has to his or her credit eight or more sessions of pensionable service and who ceases to be a member on or after October 13, 2010, may elect, on or after attaining fifty-five years of age, to receive a reduced supplementary allowance calculated in accordance with section 21.1, reduced by 5/12 of 1% for each month by which the commencement date of the reduced supplementary allowance precedes his or her sixtieth birthday.
22(2)An election made under subsection (1), (1.1) or (1.2)
(a) shall be made in writing and signed by the member,
(b) shall be forwarded to the Minister, and
(c) is irrevocable.
22(3)A reduced supplementary allowance under subsection (1) is payable in lieu of a supplementary allowance under section 21 and a person who elects to receive a reduced supplementary allowance under subsection (1) is not entitled to a supplementary allowance under section 21 upon attaining fifty-five years of age or at any later time.
22(4)A supplementary allowance under subsection (1.1) or a reduced supplementary allowance under subsection (1.2) is payable in lieu of a supplementary allowance under section 21.1 and a person who elects to receive a supplementary allowance under subsection (1.1) or a reduced supplementary allowance under subsection (1.2) is not entitled to a supplementary allowance under section 21.1 on attaining sixty years of age or at any later time.
2000, c.7, s.10; 2011, c.35, s.12
Reduced supplementary allowance and supplementary allowance payable before age sixty
22(1)Despite section 21, a member who has to his or her credit eight or more sessions of pensionable service and who ceased to be a member before April 1, 2008, may elect, before attaining fifty-five years of age, to receive a reduced supplementary allowance calculated in accordance with section 21, reduced by 5/12 of 1% for each month by which the commencement date of the reduced supplementary allowance precedes his or her fifty-fifth birthday.
22(1.1)Despite section 21.1, a member who has to his or her credit eight or more sessions of pensionable service and who ceases to be a member between April 1, 2008, and October 12, 2010, both dates inclusive, may elect, on or after attaining fifty-five years of age and before attaining sixty years of age, to receive a supplementary allowance calculated using the following formula:
X + (Y × Z)
where
X  = the supplementary allowance calculated in accordance with section 21.1;
Y  = 2% of the average indemnity received by the person as a member during or in respect of the three successive sessions during or for which his or her indemnity was the highest, multiplied by the number of sessions of pensionable service to his or her credit; and
Z  = 5/36 of 1% for each month by which the commencement date of the supplementary allowance precedes his or her sixtieth birthday.
22(1.2)Despite section 21.1, a member who has to his or her credit eight or more sessions of pensionable service and who ceases to be a member on or after October 13, 2010, may elect, on or after attaining fifty-five years of age, to receive a reduced supplementary allowance calculated in accordance with section 21.1, reduced by 5/12 of 1% for each month by which the commencement date of the reduced supplementary allowance precedes his or her sixtieth birthday.
22(2)An election made under subsection (1), (1.1) or (1.2)
(a) shall be made in writing and signed by the member,
(b) shall be forwarded to the Minister, and
(c) is irrevocable.
22(3)A reduced supplementary allowance under subsection (1) is payable in lieu of a supplementary allowance under section 21 and a person who elects to receive a reduced supplementary allowance under subsection (1) is not entitled to a supplementary allowance under section 21 upon attaining fifty-five years of age or at any later time.
22(4)A supplementary allowance under subsection (1.1) or a reduced supplementary allowance under subsection (1.2) is payable in lieu of a supplementary allowance under section 21.1 and a person who elects to receive a supplementary allowance under subsection (1.1) or a reduced supplementary allowance under subsection (1.2) is not entitled to a supplementary allowance under section 21.1 on attaining sixty years of age or at any later time.
2000, c.7, s.10; 2011, c.35, s.12
Reduced supplementary allowance payable before age fifty-five
22(1)Notwithstanding section 21, a member who has to his or her credit eight or more sessions of pensionable service and ceases to be a member before attaining fifty-five years of age, may elect, after ceasing to be a member, to receive a reduced supplementary allowance in an amount calculated in accordance with section 21, reduced by five-twelfths of one per cent for each month by which the commencement date of the reduced supplementary allowance precedes his or her fifty-fifth birthday.
22(2)An election under subsection (1)
(a) shall be made in writing and signed by the member,
(b) shall be forwarded to the Minister, and
(c) is irrevocable.
22(3)A reduced supplementary allowance under subsection (1) is payable in lieu of a supplementary allowance under section 21 and a person who elects to receive a reduced supplementary allowance under subsection (1) is not entitled to a supplementary allowance under section 21 upon attaining fifty-five years of age or at any later time.
2000, c.7, s.10