Common use of Benefits under the Old Age Security Act Clause in Contracts

Benefits under the Old Age Security Act. 1. If a person is eligible for a pension or allowance under the Old Age Security Act based only on the totalizing provisions of Chapter 1, Canada shall calculate the pension or allowance payable to that person based only on the periods of residence in Canada that are identified in accordance with that Act. 2. Paragraph 1 also applies to a person outside Canada who is eligible for a full pension in Canada even if that person has not resided in Canada for the minimum period required by the Old Age Security Act for the payment of a pension outside Canada. 3. Canada shall pay an Old Age Security pension to a person who is outside Canada only if that person’s periods of residence, totalized in accordance with Chapter 1, are at least equal to the minimum period of residence in Canada required by the Old Age Security Act for the payment of a pension outside Canada.