Bill C-37
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RECOMMENDATION |
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Her Excellency the Governor General recommends to the House of
Commons the appropriation of public revenue under the circumstances,
in the manner and for the purposes set out in a measure entitled ``An Act
to amend the Canadian Forces Superannuation Act and to make
consequential amendments to other Acts''.
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SUMMARY |
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This enactment makes changes to the pension benefit scheme
provided under the Canadian Forces Superannuation Act (the ``Act'').
The key features of the revised scheme are: reduction of the minimum
period for qualifying for a pension to two years; tying benefit eligibility
to years of pensionable service rather than completion of a period of
engagement in the Canadian Forces; and the providing of an immediate
pension to a person who has completed twenty-five years of paid
service in the Canadian Forces and has at least two years of pensionable
service.
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It provides regulation-making authority to adapt the provisions of
the Act so as to apply it to prescribed members of the reserve force and
to deal with other matters, such as elective service, that are presently
provided for in the Act.
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It consolidates a number of the regulation-making powers in the Act
and makes certain structural improvements to the Act, such as moving
general provisions that are presently in Part I of the Act to Part IV and
making those provisions applicable to the whole Act.
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The enactment contains transitional provisions and makes
consequential amendments to other Acts, principally the Public Service
Superannuation Act and the Royal Canadian Mounted Police
Superannuation Act.
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