Bill C-320
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- ENGLISH
- SUMMARY SUMMARY
- Canadian Forces Superannuation Act Canadian Forces Superannuation Act
- Royal Canadian Mounted Police Superannuation Act Royal Canadian Mounted Police Superannuation Act
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First Session, Forty-second Parliament, 64-65 Elizabeth II, 2015-2016 |
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HOUSE OF COMMONS OF CANADA |
An Act to amend the Canadian Forces Superannuation Act and the Royal Canadian Mounted Police Superannuation Act (deletion of deduction from annuity)
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FIRST READING, November 2, 2016
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Ms. Mathyssen |
SUMMARY
This enactment amends the Canadian Forces Superannuation Act and the Royal Canadian Mounted Police Superannuation Act to eliminate the deduction of Canada Pension Plan benefits from the annuity payable under each of these Acts.
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Available on the House of Commons website at the following address:
www.ourcommons.ca
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1st Session, 42nd Parliament, 64-65 Elizabeth II, 2015-2016 |
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HOUSE OF COMMONS OF CANADA |
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BILL C-320 |
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An Act to amend the Canadian Forces Superannuation Act and the Royal Canadian Mounted Police Superannuation Act (deletion of deduction from annuity) |
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
R.S., c. C-17
Canadian Forces Superannuation Act
1 Subsections 15(2), (2.1), (3) and (7) of the Canadian Forces Superannuation Act are repealed.
2 The portion of section 40 of the Act before paragraph (a) is replaced by the following:
Minimum benefits
40 (1) If, on the death of a contributor who, on ceasing to be a member of the Canadian Forces, was entitled to an immediate annuity or an annual allowance, there is no person to whom an allowance provided in this Part may be paid, or Insertion start if Insertion end the persons to whom such Insertion start an Insertion end allowance may be paid die or cease to be entitled to it and no other amount may be paid to them under this Part, any amount by which the calculated amount, within the meaning of subsection (2), exceeds the aggregate of all amounts paid to those persons and to the contributor under this Part or Part V of the former Act shall be paid
3 Subparagraph 42(1.1)(a)(i) of the Act is replaced by the following:
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(i) four per cent of the portion of his or her salary that is less than or equal to the Year’s Maximum Pensionable Earnings, Insertion start as determined in accordance with section 18 of the Canada Pension Plan Insertion end , and
4 Paragraph 50(1)(k) of the Act is repealed.
R.S., c. R-11
Royal Canadian Mounted Police Superannuation Act
5 Subsections 10(2), (2.1), (3) and (7) of the Royal Canadian Mounted Police Superannuation Act are repealed.
6 Paragraph 26(g) of the Act is repealed.
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Published under authority of the Speaker of the House of Commons
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