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L-1 - Legislature Act
Section 87
Disposition versions
87. (1) For the purposes of the system of pensions established by section 86, each member shall provide, in the form of a deduction from his indemnity, a contribution equal to 8 % of such indemnity.
(2) If the member wishes the provisions of section 98 to be applicable to his consort and to his children, he shall give notice of it to the Minister of Finance and furnish an additional contribution of 2 %.
(3) Such contributions shall be deducted monthly from each indemnity payment.
A member who has been a member of the Parliament of Canada and to whom a retiring allowance is not paid under the Members of Parliament Retiring Allowances Act (Revised Statutes of Canada, 1985, chapter M-5) may, for as long as he is a member, increase the contribution provided in subsection 1 by paying an amount not exceeding his contributions to the retiring allowances plan provided in the Members of Parliament Retiring Allowances Act.
87. (1) For the purposes of the system of pensions established by section 86, each member shall provide, in the form of a deduction from his indemnity, a contribution equal to eight per cent of such indemnity.
(2) If the member wishes the provisions of section 98 to be applicable to his consort and to his children, he shall give notice of it to the Minister of Finance and furnish an additional contribution of two per cent.
(3) Such contributions shall be deducted monthly from each indemnity payment.
A member who has been a member of the Parliament of Canada and to whom a retiring allowance is not paid under the Members of Parliament Retiring Allowances Act (Revised Statutes of Canada, 1970, chapter M-10) may, for as long as he is a member, increase the contribution provided in subsection 1 by paying an amount not exceeding his contributions to the retiring allowances plan provided in the Members of Parliament Retiring Allowances Act.
