52. A Member or former Member, before a pension becomes payable to him, may elect to replace the pension by a life annuity with continuity in favour of his surviving spouse.
The election is deemed never to have been made if, at the time of his death, the Member or former Member does not have a surviving spouse.
The election is irrevocable after the payment of the pension has begun even if there is no surviving spouse at the time of death of the Member or former Member. However, he may make the election or change it, as the case may be, when the payment of the pension ceases while he holds a new term.
The pension of the surviving spouse may be established, according as the former Member has elected, at 100% or 50% of the amount of the pension to which he is entitled, taking into account the adjustment resulting from the actuarial equivalence as established according to the criteria prescribed by regulation of the Office.
1982, c. 66, s. 52; 1987, c. 109, s. 19.