TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

PAST SERVICE PURCHASE [1 record]

Record 1 2009-03-26

English

Subject field(s)
  • Pensions and Annuities
CONT

For the purposes of subsection (1), a pension plan may fix a different percentage of the commuted value of a contributory pension benefit that a member's contributions with interest are to offset for the portion of the pension benefit that is attributable, in accordance with the benefit formula of the pension plan, to a purchase of past service made after the commencement of this subsection.

Key term(s)
  • past service purchase

French

Domaine(s)
  • Pensions et rentes
CONT

Aux fins du paragraphe (1), un régime de pension peut fixer un pourcentage différent de la valeur de rachat de la prestation de pension contributive que les cotisations avec intérêts d'un participant doivent compenser pour la part de prestation de pension qui est attribuée, conformément à la formule de prestation du régime de pension, à l' achat de service antérieur effectué après l'entrée en vigueur du présent paragraphe.

Spanish

Save record 1

Copyright notice for the TERMIUM Plus® data bank

© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

Features

Language Portal of Canada

Access a collection of Canadian resources on all aspects of English and French, including quizzes.

Writing tools

The Language Portal’s writing tools have a new look! Easy to consult, they give you access to a wealth of information that will help you write better in English and French.

Glossaries and vocabularies

Access Translation Bureau glossaries and vocabularies.

Date Modified: