delete Regulations — Defence Services Pension Act — Part V
These are detailed administrative regulations governing the calculation of pensions, contributions, and service credit under Part V of the Defence Services Pension Act. They prescribe specific rules for counting military and public service, computing contributions based on pay and allowances, handling arrears and interest payments, transferring between pension plans, and processing elections for various types of service including wartime and Newfoundland service. The regulations are primarily technical and actuarial, establishing precise mechanisms for administering this specific government pension scheme.
This regulation perpetuates a defined-benefit government pension scheme that creates fiscal liability for taxpayers, distorts labor markets by locking military personnel into government service for retirement benefits, and administers complex redistribution via forced contributions. The elaborate rules for counting service, computing benefits, and transferring between plans are the bureaucratic machinery of a system that should be phased out in favor of personal retirement savings. Even if the underlying pension law remains, these detailed regulations entrench administrative complexity and create compliance burdens with no offsetting social benefit—private pension plans operate with far simpler rules because they face market discipline. The regulation's existence assumes the legitimacy of compulsory pension extraction and promised benefits that bind future generations, violating the principle that individuals should be free to manage their own retirement savings without state-mandated schemes.