R-12, r. 2 - Regulation respecting the partition and assignment of benefits accrued under the pension plans provided for by the Act respecting the Civil Service Superannuation Plan

Section 24.1 Disposition versions

2012-09-01

24.1. Where a redemption is being paid at the date of assessment and where, subsequent to that date, the application for redemption is, pursuant to section 111.0.1 of the Act, deemed never to have been made in respect of all the service, the amount of the civil servant’s refund shall be reduced so as to correspond to amount “R” in the following formula:

MVd – (Ma x MVe) = R

—

Va

“MVd” represents the amount paid by the civil servant up to the date of the civil servant’s failure to pay;

“Ma” represents the amount awarded to the spouse at the date of assessment;

“Va” represents the value of the benefits accrued under the plan at the date of assessment;

“MVe” represents the amount paid by the civil servant at the date of assessment up to the date of the civil servant’s failure to pay.

T.B. 187713, s. 15.