Canadian Forces Superannuation Act

Marginal note:Amount to be credited to Superannuation Account

• 48 (1) On the making of an election under subsection 43(1) or 46(2) before April 1, 2000, under which the person so electing is required by this Act to pay for any period of service of the kind described in paragraph 43(2)(a), there shall be

  • (a) charged to the account in the accounts of Canada maintained pursuant to the Public Service Superannuation Act or the Royal Canadian Mounted Police Superannuation Act, as the case may be, and

  • (b) credited to the Superannuation Account in respect of that person,

  an amount equal to the amount determined under subparagraph 43(2)(a)(ii), and for the purposes of the Public Service Superannuation Act or the Royal Canadian Mounted Police Superannuation Act, as the case may be, the amount of any return of contributions or other lump sum payment that is or may become payable under that Act to or in respect of that person shall be deemed to be the amount otherwise determined thereunder minus the amount required by this section to be credited to the Superannuation Account on the making of the election.

• Marginal note:Amount to be paid

  (2) Subsection (1) applies, with any modifications that the circumstances require, to an election made on or after April 1, 2000 and a reference to “the account in the accounts of Canada maintained pursuant to the Public Service Superannuation Act or the Royal Canadian Mounted Police Superannuation Act” shall be read as a reference to “the Public Service Pension Fund or the Royal Canadian Mounted Police Pension Fund” in respect of contributions made by the person to that fund and a reference to “the Superannuation Account” shall be read as a reference to the “Canadian Forces Pension Fund”.