RCMP pension rules updated for MPs electing to count parliamentary service: deadline removed and payment terms clarified

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The regulations governing how RCMP contributors can count prior parliamentary service toward their pension have been updated in several practical ways. The rule requiring the election to be made no later than the day a member leaves the Force has been removed. The payment calculation for contributors who received a withdrawal allowance has been restructured: interest (now defined as simple interest at 4% per year from the midpoint of the relevant fiscal year) applies uniformly regardless of when the election is made, eliminating the previous two-tier structure based on whether the election was made within or after one year of rejoining. Financial hardship relief now allows contributors to extend their instalment period up to three times the originally chosen period or 15 years, whichever is less, replacing language that allowed 'tripling' the period. Language throughout has also been updated to standardize references to notice dates and to remove references to the Regulations' original coming-into-force date in the corrected-information provisions. RCMP members who previously held parliamentary service and are considering making or reviewing such an election should review the updated requirements with their pension administrator.

Who this affects
RCMP members who previously served as Members of Parliament · RCMP pension contributors electing to count prior parliamentary service · Former RCMP members eligible to make a late election based on erroneous advisor information