Former Members of Parliament Counting of Service Regulations

Marginal note:Amount to be paid

• 4 (1) A contributor who was paid a withdrawal allowance under the Members of Parliament Retiring Allowances Act and who makes an election referred to in section 1 must pay the following amount to the Royal Canadian Mounted Police Pension Fund, calculated on the annual rate of pay that the contributor is deemed under subsection 3(2) to be receiving on the day on which the election is made, with interest:

  • (a) if the period in respect of which the withdrawal allowance was paid is before January 1, 2000, the amount that would have been payable under subsection 5(1) of the Act as it read on December 31, 1999;

  • (b) if the period is after 1999 but before January 1, 2004, the amount that would have been payable under subsection 5(1) of the Act as it read on December 31, 2003;

  • (c) if the period is after 2003 but before January 1, 2013, the amount that would have been payable under subsection 5(2) of the Act as it read on December 31, 2012; and

  • (d) if the period is after 2012, the amount that would have been payable under subsection 5(1) of the Act.

• Marginal note:Definition of interest

  (2) For the purposes of subsection (1), interest means simple interest at 4% per year from the middle of the fiscal year in which the contributions made under the Act would have been made, had the contributor been required to make those contributions during the period for which the contributor elected to pay, until the time of the election.