L-1 - Legislature Act

Section 103.11 Disposition versions

1987-12-18

103.11. 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 irrevocable after the payment of the pension has begun. However, he may make the election or annul 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 is equal to 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.

The election extinguishes the right to a pension provided for in section 98.

1982, c. 66, s. 64; 1987, c. 109, s. 26.

1983-01-01

103.11. 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 payment of his pension has not begun.

The election is irrevocable after the payment of the pension has begun. However, he may make the election or annul 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 is equal to 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.

The election extinguishes the right to a pension provided for in section 98.

1982, c. 66, s. 64.