Details
- Full Title
- An Act to amend the Canadian Forces Superannuation Act and the Royal Canadian Mounted Police Superannuation Act (deletion of deduction from annuity)
- First Reading
- June 15, 2011, Parliament 41, Session 1
- Type
- Private Member’s Bill
- Full Content
- https://www.parl.ca/legisinfo/en/bill/41-1/c-215
Summary
Bill C-215 aims to change how pensions are calculated for members of the Canadian Forces and the Royal Canadian Mounted Police (RCMP). The main goal is to remove the part of the pension calculation that deducts Canada Pension Plan (CPP) benefits from their annuity.
The bill amends the <I>Canadian Forces Superannuation Act</I> and the <I>Royal Canadian Mounted Police Superannuation Act</I>. It does this by getting rid of certain sections that talk about taking CPP benefits into account when figuring out pension payments. The bill also adds a definition of "Year’s Maximum Pensionable Earnings" to both Acts, linking it to the same definition used in the <I>Canada Pension Plan</I>.
For Canadian Forces members, the bill changes how much they contribute to their pension. They will now pay four percent of their salary up to the Year's Maximum Pensionable Earnings. The bill also removes some rules about minimum benefits and how certain allowances are paid out. For RCMP members, the bill makes similar changes, focusing on removing the CPP deduction from their pension calculations.
Overall, this bill is designed to simplify pension calculations for Canadian Forces and RCMP members, ensuring they receive the full benefits they are entitled to without having their CPP payments deducted.
Issues
Social Services
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Seniors and Pensions
Bill C-215 focuses on changing pension calculations for members of the Canadian Forces and the Royal Canadian Mounted Police (RCMP). The main change is to remove the deduction of Canada Pension Plan (CPP) benefits from their annuity, ensuring they receive their full pension amount without reductions based on CPP contributions. The Bill repeals subsections related to the deduction of CPP benefits from annuity payments under both the Canadian Forces Superannuation Act and the Royal Canadian Mounted Police Superannuation Act.