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CF pension reform and terms of service changes

Geo: Part I, the already existing Reg F pension, has not yet changed.  There will be one massive change on the implementation of the "new" plan, covering serving Reg F and Res F personnel.  Until that date (currently forecast for March 07) it is status quo all 'round.

kincanucks:  I am SHOCKED, SHOCKED that we could get changes out of sync and change TOS before chaging the pension plan.  Yes, the VIEs are in force, but the old pension rules are as well.  Just a little more confusion added to the mix, and a few more challenges for when the new pension is implemented.

 
I was under the impression that if you were on the old IE (20 yrs) you were still covered under the old system.
Aren't the ones who join up after 2005 subject to new TOS??
 
Everyone is still covered by the old system.  When the new system is implemented it will cover exveryone who joins after that date; serving members will be able to elect the old or new plans.

However, the ability to elect will not be "Everyone must choose by the same date".  Rather, it will be phased in, largely to avoid having every Reg F officer with between 25 and 27 years of service to release immediately.  I think the (unstated) goal is to keep people in their pension traps as long as possible.
 
Actually, depending on where you are in your career, or if you are a recent annuitant, you may have a chance to choose which plan you want to be in.  As a recent annuitant, I received forms to that effect before Christmas.

Many being recruited now are entering under the 25 year plan.
 
My husband went to RMC in the fall of 2000 when they were told it was 20 years.
However, when he arrived at CFANS after graduation, the CM told them that it is 25 years for the guys that just got there from RMC.
Anyone have any idea why he would say this when they joined the military in June 2000?   Everyone was pretty upset after they were told that they had to wait an extra 5 years.


Edit: This was told to them in the fall of 2004, 4 years after enrolling at RMC as ROTP
 
"Everyone was pretty upset after they were told that they had to wait an extra 5 years."

- They just got a free education, courtesy of the over-taxed Canadian taxpayers - and got paid while doing it, to boot.

They have nothing to be upset about.

Man, talk about a culture of entitlement....
 
When you husband joined he was enrolled under a Short Service Engagement (SSE) of nine years and only those who were under an Indefinite Period of Service (IPS) or Intermediate Engagement (IE) at the time of the change from 20 to 25 years are protected.  Policies change from time to time and some people are protected and some are not.  Your husband is SOL.  However, after stating that, wait for it there might another change.  Just like the weather in Gagetown, don't like it?  Wait five minutes it will change.

HH


Note - TCBF, excellent point!
 
There is an important difference with the new pension plan that isn't just the extra 5 years to serve.  Under the new plan you no longer have rights to return of contributions,  If you left the CF after 9 years you would be eligible for a 9 year pension when you turned 55 or you would be able to port this pension into another fund (ie RRSP, other pension fund, etc).  Under the old system these funds could be returned to the member.
In order to receive a non-indexed pension right away, you must serve 25 years.
 
Zoomie said:
There is an important difference with the new pension plan that isn't just the extra 5 years to serve.  Under the new plan you no longer have rights to return of contributions,  If you left the CF after 9 years you would be eligible for a 9 year pension when you turned 55 or you would be able to port this pension into another fund (ie RRSP, other pension fund, etc).  Under the old system these funds could be returned to the member.
In order to receive a non-indexed pension right away, you must serve 25 years.

Wow, that really is a big difference. When I pulled pole after 10 years I took the option of return of contributions and that was my down payment for my first house. My thought was that money doesn't do much good in there if I get hit by a bus one year before collection time.......
 
http://www.forces.gc.ca/hr/dgcb/cfpmp/engraph/cfsa_e.asp?sidesection=5

What is changing?

De-linking pension eligibility from terms of service and increasing pension options. (Regular Force members now serving may be able to have their pension grandfathered, that is, determined under grandfathering provisions.)

Introducing two-year vesting and locking-in.

Using a different type of service to calculate your pension

Improving survivor benefits for your survivor and children

The changes
 
Immediate unreduced pension with:
25+ years of paid CF service,
age 55+ with 30+ years of pensionable service, or
age 60+ with 2+ years of pensionable service.

Deferred annuity with:
at least two years of pensionable service; if not eligible for an immediate unreduced pension; you can receive it as:
an annual allowance anytime after age 50,
an immediate unreduced pension at age 60, or
a transfer value, if you are less than age 50.

Return of contributions, with interest with:
less than two years of pensionable service

See when benefits are payable

Pension vests and benefits are locked-in after two years of pensionable service.

Pensionable service determines your pension (all service to your credit, for example, paid CF service, RCMP service you are buying back, and Reserve Force service for which you contributed)

On death with 2+ years of pensionable service, monthly pension to your survivor; before that, return of your contributions with interest.

Pension to your children between 18 and 25 while studying full-time, even if schooling is interrupted.
 
Isnt the old plan 20 years, 40% pension, new plan 25 years, 50% pension?

 
the pension plan is 2% per annum served - so 20 years X 2% = 40%, 25 years X 2% = 50% - nothing has changed there...
 
Hot off the press. New pension modernization effective 01 Mar 07.

CANFORGEN 036/07 CMP 016/07 221340Z FEB 07
PENSION MODERNIZATION - COMING INTO FORCE
UNCLASSIFIED



I AM PLEASED TO ANNOUNCE THAT THE NECESSARY APPROVALS HAVE NOW BEEN SECURED AND THE LONG-AWAITED CF PENSION MODERNIZATION WILL BE IMPLEMENTED ON 1 MAR 2007


THE GOVERNOR IN COUNCIL HAS FIXED 1 MAR 07 AS THE DAY ON WHICH A NUMBER OF AMENDMENTS TO THE CANADIAN FORCES SUPERANNUATION ACT (CFSA) WILL COME INTO FORCE (CIF). AS WELL, TREASURY BOARD HAS APPROVED THE FOL:


REGULATIONS THAT PROVIDE THE SUPPORTING RULES FOR MODERNIZING CHANGES AND ALSO PROVIDE FOR COVERAGE FOR LONG-TERM FULL-TIME MEMBERS OF THE RESERVE FORCE


THE REGULATIONS THAT ESTABLISH THE RESERVE FORCE PENSION PLAN AND


AMENDMENTS TO THE RESERVE FORCE RETIREMENT GRATUITY THAT MAKE THE APPROPRIATE FORMULA ADJUSTMENTS TO TAKE INTO ACCOUNT THE INTRODUCTION OF A RESERVE FORCE PENSION PLAN. THESE APPROVALS WILL PROVIDE PENSION ARRANGEMENTS FOR BOTH REGULAR AND RESERVE FORCES THAT ARE MODERN, FLEXIBLE AND COMPARABLE TO OTHER FEDERAL SECTOR PENSION ARRANGEMENTS


REGULAR FORCE: HIGHLIGHTS OF THE NEW RULES ARE AS FOL:


ELIGIBILITY FOR A PENSION-TYPE BENEFIT WILL DEPEND ON THE MEMBER S YEARS OF PENSIONABLE SERVICE AND SITUATION AT RELEASE RATHER THAN ON TERMS OF SERVICE


MEMBERS WILL BE ELIGIBLE FOR A PENSION-TYPE BENEFIT (VESTED) ONCE THEY HAVE TWO YEARS OF PENSIONABLE SERVICE TO THEIR CREDIT


MEMBERS WILL BE ELIGIBLE FOR AN IMMEDIATE UNREDUCED ANNUITY (IA) UPON RELEASE, IF THEY HAVE TWO OR MORE YEARS OF PENSIONABLE SERVICE TO THEIR CREDIT AND CAN MEET ONE OF THE FOLLOWING CRITERIA:

(1) THEY HAVE COMPLETED NOT LESS THAN 25 YEARS OF PAID CANADIAN FORCES SERVICE (9,131 DAYS). BOTH REGULAR FORCE TIME AND RESERVE FORCE TIME CAN BE COUNTED AND TIME IS CUMULATIVE NOT CONSECUTIVE

(2) THEY HAVE REACHED 60 YEARS OF AGE OR

(3) THEY HAVE REACHED 55 YEARS OF AGE AND HAVE TO THEIR CREDIT NOT LESS THAN 30 YEARS OF PENSIONABLE SERVICE


MEMBERS WITH 2 YEARS PENSIONABLE SERVICE THAT DO NOT MEET THE CRITERIA FOR AN IA WILL BE ENTITLED TO A DEFERRED ANNUITY. THERE WILL BE TWO ALTERNATIVES TO THE DEFERRED ANNUITY. CF MEMBERS WILL BE ABLE TO START THEIR PENSION ANYTIME FROM AGE 50 ON A REDUCED BASIS. ALTERNATIVELY IF THEY ARE UNDER 50 AND NOT ENTITLED TO AN IA THEY WILL BE ABLE TO REQUEST TO HAVE THE LUMP SUM EQUIVALENT OF THEIR PENSION BENEFIT (CALLED THE TRANSFER VALUE) TRANSFERRED TO A LOCKED-IN RETIREMENT SAVINGS VEHICLE


MEMBERS WITH LESS THAN TWO YEARS OF PENSIONABLE SERVICE WHEN THEY RELEASE WILL RECEIVE A RETURN OF CONTRIBUTIONS WITH INTEREST. IT SHOULD BE NOTED THAT THE NEW LOCKING-IN RULES MEAN THAT A MEMBER WHO HAS TWO OR MORE YEARS OF PENSIONABLE SERVICE WILL NOT BE ELIGIBLE FOR A REFUND OF CONTRIBUTIONS. THERE IS AN EXCEPTION, HOWEVER, FOR REGULAR FORCE MEMBERS WHO ARE CONTRIBUTORS ON 28 FEB 07 AND WHO RELEASE BEFORE 1 MAR 09, WITH LESS THAN TWENTY YEARS OF PENSIONABLE REGULAR FORCE SERVICE. PROVIDED SUCH A MEMBER IS NOT ELIGIBLE FOR AN IMMEDIATE ANNUITY, HE/SHE MAY OPT TO RECEIVE A REFUND OF CONTRIBUTIONS PLUS INTEREST AND


A SURVIVOR BENEFIT FOR CHILDREN 18 TO 25 YEARS OF AGE WILL BE PAID DURING THE MONTHS OF SCHOOL ATTENDANCE


FOR REGULAR FORCE OFFICERS THE 25 YEARS CF SERVICE THRESHOLD FOR AN IA REFERRED TO IN PARA 3(C)(I) WILL BE PHASED IN : DETAILS OF THE PHASE IN ARE AS FOL :


COLONEL AND ABOVE

(1) 1 MAR 07 UNTIL 31 DEC 07 - 10,227 DAYS (28 COMPLETE YEARS)

(2) 1 JAN 08 UNTIL 31 DEC 08 - 9,861 DAYS (27 COMPLETE YEARS)

(3) 1 JAN 09 UNTIL 31 DEC 09 - 9,496 DAYS (26 COMPLETE YEARS) AND

(4) 1 JAN 10 AND AFTER - 9,131 DAYS (25 COMPLETE YEARS)


OTHER OFFICERS

(1) 1 MAR 07 UNTIL 31 DEC 07 - 9,496 DAYS (26 COMPLETE YEARS) AND

(2) 1 JAN 08 AND AFTER - 9,131 DAYS (25 COMPLETE YEARS)


REGULAR FORCE MEMBERS WHO REMAIN CONTRIBUTORS UNDER THE ACT FROM 28 FEB 07 UNTIL RELEASE, AND WHO MEET SPECIFIED CONDITIONS, MAY CHOOSE TO HAVE THEIR PENSION DETERMINED UNDER THE OLD RATHER THAN THE NEW RULES. THESE ARE THE SO CALLED QUOTE GRANDFATHERING UNQUOTE PROVISIONS. A DETAILED CHART OF GRANDFATHERING RULES TOGETHER WITH COMPANION DECISION TREES WILL BE PROVIDED TO YOUR BASE / WING ADMIN AUTHORITIES


RESERVE FORCE : RESERVE FORCE MEMBERS WILL HAVE ACCESS TO PENSION ARRANGEMENTS FOR THE FIRST TIME. THEIR PENSION COVERAGE WILL BE DETERMINED BY THEIR PATTERN OF CF SERVICE


RESERVISTS COVERED UNDER THE REGULAR FORCE PLAN : MEMBERS OF THE RESERVE FORCE WHO WORK ON A FULL-TIME BASIS FOR 55 MONTHS (1674 DAYS) IN A 60-MONTH PERIOD WILL BE COVERED UNDER THE SAME ARRANGEMENTS THAT APPLY TO THEIR REGULAR FORCE COUNTERPARTS. A MEMBER S SERVICE AND EARNINGS SINCE 1 APR 99 WILL BE USED TO DETERMINE ELIGIBILITY TO JOIN THE REGULAR FORCE PLAN. ONCE A RESERVE FORCE MEMBER BECOMES A CONTRIBUTOR UNDER THE REGULAR FORCE PLAN, HE/SHE WILL REMAIN A CONTRIBUTOR UNDER THAT PLAN EVEN IF NO LONGER WORKING FULL-TIME. A BENEFIT ADJUSTMENT WILL BE APPLIED TO THE PENSION FORMULA TO TAKE INTO ACCOUNT CALENDAR YEARS DURING WHICH THE CONTRIBUTOR WORKED PART-TIME AND/OR OPTED TO PAY FOR LESS THAN THE FULL COST WHEN AN ELECTION WAS MADE TO COUNT PAST SERVICE. GENERALLY RESERVE FORCE CONTRIBUTORS WILL BE ABLE TO PAY THE COST TO ELECT ALL PAST RESERVE FORCE SERVICE UNDER THE SAME RULES AS WILL APPLY TO REGULAR FORCE MEMBERS WHO BECOME CONTRIBUTORS ON OR AFTER 1 MAR 07. PLEASE REFER TO PARA 11 FOR FURTHER INFORMATION ON DETERMINING THE COST OF COUNTING PAST RESERVE SERVICE


COVERAGE UNDER THE RESERVE FORCE PENSION PLAN (RFPP) : MEMBERS OF THE RESERVE FORCE WHO WORK ON A PART-TIME BASIS MAY BE ELIGIBLE TO PARTICIPATE IN THE RFPP


MANY OF THE MAIN ELEMENTS UNDER THE RFPP ARE SIMILAR TO THE REGULAR FORCE PLAN INCLUDING VESTING WITH TWO YEARS OF PENSIONABLE SERVICE, ELIGIBILITY THRESHOLDS AND RANGE OF BENEFITS AVAILABLE, DEFINITIONS OF SPOUSE AND DEPENDENT CHILDREN, AND ANCILLARY BENEFITS SUCH AS SURVIVOR ALLOWANCES AND THE PROVISIONS FOR ANNUAL COST OF LIVING INDEXING


PLAN MEMBERSHIP: MEMBERS OF THE RESERVE FORCE WILL BECOME PARTICIPANTS UNDER THE RFPP ONCE THEY HAVE SERVED FOR TWO CONTINUOUS PERIODS OF TWELVE MONTHS AND HAVE IN EACH OF THOSE PERIODS EARNINGS OF AT LEAST 10 (PERCENT) OF THE APPLICABLE YEARS MAXIMUM PENSIONABLE EARNINGS UNDER THE CANADA PENSION PLAN. A MEMBER WHO IS SERVING IN THE RESERVE FORCE ON 1 MAR 07 WILL BE ABLE TO COUNT THE SERVICE OCCURRING ON OR AFTER 1 APR 99 TO MEET THE MEMBERSHIP THRESHOLDS. DIRECTOR ACCOUNTS PROCESSING, PAY AND PENSIONS (DAPPP) PENSION SERVICES WILL PROVIDE WRITTEN NOTIFICATION UPON ACHIEVING PARTICIPANT STATUS


COUNTING OF PAST SERVICE: MEMBERS WILL HAVE THE OPPORTUNITY TO ELECT TO PAY THE AMOUNT REQUIRED TO COUNT ALL PAST RESERVE SERVICE. MEMBERS MAY UTILIZE THE RESERVE FORCE BUYBACK CALCULATOR LOCATED AT HTTP://WWW.ADMFINCS.FORCES.GC.CA/PENSION/INTRO(UNDERSCORE)E.ASP TO ESTIMATE THEIR COST TO PURCHASE PREVIOUS RESERVE FORCE EARNINGS. THE CALCULATOR WILL CAPTURE EARNINGS AND PROVIDE AN ESTIMATE OF THE COST OF AN ELECTION EITHER UNDER THE RESERVE FORCE PENSION PLAN OR THE REGULAR FORCE PLAN. A RESERVE MEMBER WILL REQUIRE A MINIMUM OF TWO YEARS OF SERVICE TO JOIN THE PLAN AND A FURTHER TWO YEARS BEFORE HE/SHE CAN PURCHASE PREVIOUS EARNINGS (MINIMUM FOUR YEARS). ON 1 MAR 07 RESERVE FORCE MEMBERS MAY COUNT SERVICE BACK TO 1 APR 99 TO MEET THESE REQUIREMENTS. RESERVE FORCE MEMBERS WILL RECEIVE A LETTER WHEN THEY ARE ELIGIBLE TO PAY THE COST ASSOCIATED WITH BUYING PREVIOUS EARNINGS/SERVICE


A PERSON ENROLLED IN ANY COMPONENT OF THE RESERVE FORCE (PRIMARY RESERVE, SUPPLEMENTARY RESERVE, CADET INSTRUCTOR CADRE, CANADIAN RANGERS) IS ELIGIBLE TO BECOME A PARTICIPANT UNDER THE RFPP PROVIDED EARNINGS AND SERVICE THRESHOLDS ARE MET


MEMBER CONTRIBUTION RATES: PARTICIPANTS UNDER THE RFPP WILL BE REQUIRED TO CONTRIBUTE AT THE FOLLOWING RATES: 4.3 (PERCENT) OF EARNINGS IN 2007, 4.6 (PERCENT) IN 2008, 4.9 (PERCENT) IN 2009, AND 5.2 (PERCENT) IN 2010 AND THEREAFTER. RESERVISTS ON THE FULL TIME PLAN WILL PAY THE SAME RATES AS REG FORCE MEMBERS. SEE THE CFPMP WEBSITE FOR DETAILS


RFPP BASIC PENSION CALCULATION: THE BENEFIT FORMULA UNDER THE RFPP WILL BE BASED ON A MEMBER S UPDATED CAREER EARNINGS. THE BASIC ANNUAL BENEFIT WILL BE 1.5 (PERCENT) OF THESE EARNINGS. THE UPDATING FEATURE ALLOWS FOR ANNUAL EARNINGS TO BE ADJUSTED IN ACCORDANCE WITH A WAGE INDEX REFLECTING THE MOVEMENT OF MILITARY PAY. IN ADDITION, THERE WILL BE A SUPPLEMENTAL BENEFIT OF 0.5 (PERCENT) OF UPDATED CAREER EARNINGS (TO THE LIMIT OF THE CPP MAXIMUM EARNINGS) WHICH WILL BE PAYABLE FROM RETIREMENT UNTIL AGE SIXTY-FIVE (OR EARLIER IF A C/QPP DISABILITY BENEFIT BECOMES PAYABLE). AT THIS POINT THE SUPPLEMENTAL BENEFIT WILL CEASE


RESERVE FORCE RETIREMENT GRATUITY (RFRG) - PRIOR TO 1 MAR 07, THE FORMULA FOR CALCULATING THE LUMP-SUM AMOUNTS PAYABLE UNDER THE RFRG RECOGNIZED SERVICE BASED ON ELAPSED TIME RATHER THAN ACTUAL PERIODS OF PAID SERVICE. THIS FEATURE REFLECTED THE ABSENCE OF A PENSION PLAN FOR RESERVISTS. BENEFITS FOR SERVICE ON OR AFTER 1 MAR 07 WILL BE CALCULATED ON THE BASIS OF PAID SERVICE. FOR THE PURPOSES OF DETERMINING PAID SERVICE, EACH DAY OF CLASS A SERVICE WILL COUNT AS 1.4 DAYS OF PAID SERVICE AND EACH DAY OF CLASS B OR C SERVICE WILL COUNT AS 1 DAY OF PAID SERVICE. BENEFITS FOR SERVICE PRIOR TO 1 MAR 07 WILL CONTINUE TO BE CALCULATED ON THE BASIS OF ELAPSED TIME. GENERALLY, THE CALCULATION OF BENEFITS UNDER THE RFRG AFTER 1 MAR 07 WILL CONSIST OF THE NUMBER OF FULL YEARS OF ELIGIBLE ENROLMENT PRIOR TO CIF ADDED TO THE NUMBER OF FULL YEARS OF PAID SERVICE POST CIF. THE TOTAL PERIOD OF ELIGIBLE ENROLMENT WILL BE USED TO DETERMINE ELIGIBILITY FOR BENEFITS


THE PENSION MODERNIZATION WEBSITE AT HTTP://WWW.FORCES.GC.CA/HR/DGCB/CFPMP/ WILL BE REVISED TO REFLECT POLICY AND ITS IMPACT ON REGULAR FORCE AND RESERVE FORCE PERSONNEL, INCLUDING REGULAR FORCE ANNUITANTS. ADMINISTRATIVE DETAIL WILL BE AVAILABLE AT DAPPP PENSION SERVICES WEBSITE AT HTTP://WWW.ADMFINCS.FORCES.GC.CA/PENSION/INTRO(UNDERSCORE)E.ASP. CMP AND PENSION SERVICE STAFF WILL BE VISITING MAJOR CENTRES ACROSS THE COUNTRY TO BRIEF ON THE NEW CFSA PROVISIONS AND THE ADMINISTRATIVE DETAILS


AS THE DEPARTMENTAL PENSION ADMINISTRATOR, DAPPP PENSION SERVICES WILL BE THE PRIMARY POINT OF CONTACT FOR INFORMATION ON BOTH REGULAR FORCE AND RESERVE FORCE PENSION ARRANGEMENTS. COMMENCING 1 MAR 07, YOU MAY EMAIL THE ADDRESSES BELOW CONCERNING THE FOLLOWING TOPICS:


PRIOR SERVICE ELECTIONS - PRIORPENSIONABLESERVICEARREARS(AROBAS)FORCES.GC.CA


BENEFITS - PENSIONINQUIRIES(AROBAS)FORCES.GC.CA


ELIGIBILITY - ELIGIBILITYCC(AROBAS)FORCES.GC.CA AND


PENSION POLICY - CFPMP(AROBAS)FORCES.GC.CA CALL CENTRES WILL BE OPERATIONAL EFFECTIVE 1 MAR 07. THE TOLL FREE NUMBER FOR PENSION SERVICES IS 1-800-267-0325. THOSE INSIDE THE NATIONAL CAPITAL REGION SHOULD CALL 613-996-7980. CALL CENTRE CAPACITY WILL BE LIMITED FOR THE ANTICIPATED INITIAL VOLUME. MEMBERS ARE THEREFORE REQUESTED TO USE THE EMAIL FACILITIES AS A FIRST RESORT


SOME TWENTY THREE THOUSAND CF MEMBERS WILL BE ADDED TO OUR PENSION ARRANGEMENTS ON 1 MAR 07. IT IS EXPECTED THAT IN EXCESS OF SEVEN THOUSAND PERSONNEL WILL BE ELIGIBLE TO ELECT PRIOR RESERVE FORCE TIME. YOUR UNDERSTANDING AND PATIENCE IS REQUESTED AS RESPONSIBLE AUTHORITIES DEAL WITH THE INITIAL DEMAND FOR SERVICE AND PROVISION OF MEMBER-SPECIFIC INFORMATION
http://vcds.dwan.dnd.ca/vcds-exec/pubs/canforgen/2007/036-07_e.asp
 
so does this mean that i can get out at my twenty and draw a monthly pension or do i now have to serve 25?
 
Radop215:

REGULAR FORCE MEMBERS WHO REMAIN CONTRIBUTORS UNDER THE ACT FROM 28 FEB 07 UNTIL RELEASE, AND WHO MEET SPECIFIED CONDITIONS, MAY CHOOSE TO HAVE THEIR PENSION DETERMINED UNDER THE OLD RATHER THAN THE NEW RULES. THESE ARE THE SO CALLED QUOTE GRANDFATHERING UNQUOTE PROVISIONS. A DETAILED CHART OF GRANDFATHERING RULES TOGETHER WITH COMPANION DECISION TREES WILL BE PROVIDED TO YOUR BASE / WING ADMIN AUTHORITIES

Check with your OR, but the answer to your question about getting out at 20 is more than likely "Yes".
 
radop215 said:
so does this mean that i can get out at my twenty and draw a monthly pension or do i now have to serve 25?
If your an IE20 you can get out at 20 with your pension.
Bigmac said:
REGULAR FORCE MEMBERS WHO REMAIN CONTRIBUTORS UNDER THE ACT FROM 28 FEB 07 UNTIL RELEASE, AND WHO MEET SPECIFIED CONDITIONS, MAY CHOOSE TO HAVE THEIR PENSION DETERMINED UNDER THE OLD RATHER THAN THE NEW RULES. THESE ARE THE SO CALLED QUOTE GRANDFATHERING UNQUOTE PROVISIONS. A DETAILED CHART OF GRANDFATHERING RULES TOGETHER WITH COMPANION DECISION TREES WILL BE PROVIDED TO YOUR BASE / WING ADMIN AUTHORITIES
 
MEMBERS WILL BE ELIGIBLE FOR AN IMMEDIATE UNREDUCED ANNUITY (IA) UPON RELEASE, IF THEY HAVE TWO OR MORE YEARS OF PENSIONABLE SERVICE TO THEIR CREDIT AND CAN MEET ONE OF THE FOLLOWING CRITERIA:

(1) THEY HAVE COMPLETED NOT LESS THAN 25 YEARS OF PAID CANADIAN FORCES SERVICE (9,131 DAYS). BOTH REGULAR FORCE TIME AND RESERVE FORCE TIME CAN BE COUNTED AND TIME IS CUMULATIVE NOT CONSECUTIVE

what does this mean then?
 
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