GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Pension Benefits Standards Regulations, 1985 — 17
17 (1) The administrator of a plan may enter into a transaction with a related party for the operation or administration of the plan if (a) it is under terms and conditions that are not less favourable to the plan than market terms and conditions; and (b) it does not involve the making of loans to, or investments in, the related party. (2) Section 16 does not apply in respect of investments (a) in an investment fund or a segregated fund in which investors other than the administrator and its affiliates may invest and that complies with (i) in the case of investments applicable to a member choice account, section 11 of this Schedule, and (ii) in the case of any other investments, the requirements applicable to a plan that are set out in section 9 and 11 of this Schedule; (b) in an unallocated general fund of a person authorized to carry on a life insurance business in Canada; (c) in securities issued or fully guaranteed by the Government of Canada, the government of a province, or an agency of either one of them; (d) in a fund composed of mortgage-backed securities that are fully guaranteed by the Government of Canada, the government of a province, or an agency of either one of them; (e) in a fund that replicates the composition of a widely recognized index of a broad class of securities traded at a marketplace; or (f) that involve the purchase of a contract or agreement in respect of which the return is based on the performance of a widely recognized index of a broad class of securities traded at a marketplace. (3) The administrator of a plan may enter into a transaction with a related party on behalf of the plan if the value of the transaction is nominal or the transaction is immaterial to the plan. (4) For the purposes of subsection (3), in assessing whether the value of a transaction is nominal or whether a transaction is immaterial, two or more transactions with the same related party shall be considered as a single transaction. (5) If an administrator of a plan is in contravention of section 16 as a result of a transaction that was entered into by someone other than the administrator or an entity controlled by the administrator, the administrator has five years to comply with section 16 from the day of the contravention.
Pension Benefits Standards Regulations, 1985 — 17.1
17.1 An administrator of a plan who does not comply with section 16 on the day on which this section comes into force shall comply with that section before the end of the five-year period that begins on that day.
Pension Benefits Standards Regulations, 1985 — 18
18 Sections 9 to 16 do not apply in respect of (a) investments in a corporation that are held by, or on behalf of, a plan as a result of an arrangement, within the meaning of subsection 192(1) of the Canada Business Corporations Act , for the reorganization or liquidation of the corporation or for the amalgamation of the corporation with another corporation, if the investments are to be exchanged for shares or debt obligations; (b) assets that are acquired by, or on behalf of, a plan through the realization of a security interest held by, or on behalf of, the plan and that are held for a period not exceeding two years from the day on which the assets were acquired.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Spouse’s or common-law partner’s name Date of birth
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Date of first entitlement to early retirement pension
Pension Benefits Standards Regulations, 1985 — (a)
Additional voluntary contributions of member (a) made during the plan year $ (b) accumulated to date of retirement $
Pension Benefits Standards Regulations, 1985 — (a)
Required contributions of member (a) made during the plan year $ (b) accumulated to date of retirement $
Pension Benefits Standards Regulations, 1985 — (a)
Employer contributions, in respect of a defined contribution provision, if any, (a) made during the plan year $ (b) accumulated to date of retirement $
Pension Benefits Standards Regulations, 1985 — (a)
Transfers into the pension plan (a) lump sum amounts $ (b) benefit attributable to such transfers $ (c) service credited to such transfers
Pension Benefits Standards Regulations, 1985 — (b)
(b) benefit attributable to such transfers $
Pension Benefits Standards Regulations, 1985 — (a)
Pension benefit payable to the member (a) attributable to the benefit formula $ (b) attributable to additional voluntary contributions $ (c) attributable to the “50% rule” $ (d) attributable to any other lump sum amount $ (e) total pension benefit payable $
Pension Benefits Standards Regulations, 1985 — (a)
(a) attributable to the benefit formula $
Pension Benefits Standards Regulations, 1985 — (b)
(b) attributable to additional voluntary contributions $
Pension Benefits Standards Regulations, 1985 — (d)
(d) attributable to any other lump sum amount $
Pension Benefits Standards Regulations, 1985 — (a)
Pension benefit payable for a limited period (a) amount $ (b) from to
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Formula, if any, for indexing the pension benefit
Pension Benefits Standards Regulations, 1985 — (a)
Additional voluntary contributions of member (a) made during the plan year $ (b) accumulated to date of cessation of membership $
Pension Benefits Standards Regulations, 1985 — (b)
(b) accumulated to date of cessation of membership $
Pension Benefits Standards Regulations, 1985 — (a)
Required contributions of member (a) made during the plan year $ (b) accumulated to date of cessation of membership $
Pension Benefits Standards Regulations, 1985 — (a)
Employer contributions, in respect of a defined contribution provision, if any, (a) made during the plan year $ (b) accumulated to date of cessation of membership $
Pension Benefits Standards Regulations, 1985 — (a)
Survivor benefit prior to retirement (a) total benefit $ (b) group insurance offset $ (c) net benefit $
Pension Benefits Standards Regulations, 1985 — (a)
Pension benefit credit for transfer purposes (a) attributable to the benefit formula $ (b) attributable to additional voluntary contributions $ (c) attributable to the “50% rule” $ (d) attributable to any other lump sum amount $ (e) total pension benefit credit payable $
Pension Benefits Standards Regulations, 1985 — (e)
(e) total pension benefit credit payable $
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Schedule of transfer payments (if solvency ratio is less than 1)
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Formula, if any, for indexing the pension benefit or for calculating the pension benefit credit
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Portability options available (transfer to another pension plan, a locked-in registered retirement savings plan, a life income fund or restricted life income fund, or purchase of an immediate or deferred life annuity)
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Member’s or former member’s name Date of birth
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Each member, former member and the spouse or common-law partner of each member or former member may examine, at the plan administrator’s offices, or order photocopies of, on condition of payment of any reasonable fee that the administrator may fix, all documents that have been filed with the Superintendent under subsection 10(1) or 10.1(1) or section 12 of the Pension Benefits Standards Act, 1985 or any regulations made under paragraph 39(i) of that Act.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Pension benefits will continue to be paid to retirees as they fall due.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Other pension benefits cannot be distributed until the termination report is approved by the Superintendent.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
The member or former member must give notice of the transfer option that they have chosen.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
A description of any adjustments to benefits and the reasons for these adjustments
Pension Benefits Standards Regulations, 1985 — (a)
Additional voluntary contributions of member (a) made during the plan year $ (b) accumulated to date of member’s death $
Pension Benefits Standards Regulations, 1985 — (b)
(b) accumulated to date of member’s death $
Pension Benefits Standards Regulations, 1985 — (a)
Required contributions of member (a) made during the plan year $ (b) accumulated to date of member’s death $
Pension Benefits Standards Regulations, 1985 — (a)
Employer contributions, in respect of a defined contribution provision, if any, (a) made during the plan year $ (b) accumulated to date of member’s death $
Pension Benefits Standards Regulations, 1985 — (a)
Pension benefit credit payable to the member’s or former member’s spouse or common-law partner (a) attributable to the benefit formula $ (b) attributable to additional voluntary contributions $ (c) attributable to the “50% rule” $ (d) attributable to any other lump sum amount $ (e) total pension benefit or pension benefit credit payable $
Pension Benefits Standards Regulations, 1985 — (e)
(e) total pension benefit or pension benefit credit payable $
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Formula, if any, for indexing benefit or for calculating the pension benefit credit
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Phased retirement benefit payable, expressed as (a) a percentage of the accrued pension benefit as of the date on which the agreement referred to in paragraph 16.1(3)(a) of the Act takes effect % (b) an annual amount $
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(a) a percentage of the accrued pension benefit as of the date on which the agreement referred to in paragraph 16.1(3)(a) of the Act takes effect %
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Frequency and terms of adjustment, if any, to the phased retirement benefit during the phased retirement period to reflect pension benefit accrued during that period
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Formula, if any, for indexing the phased retirement benefit
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Bridging benefit, payable from to , expressed as (a) a percentage of the accrued pension benefit to date % (b) an annual amount $
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(a) a percentage of the accrued pension benefit to date %
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Formula for calculating the pension benefit payable at retirement
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Formula for determining the contributions payable during the phased retirement period and the pension benefit accrual during that period and, if applicable, the proportion of part-time service for which the member will be credited
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Phased retirement benefit payable, expressed as (a) a percentage of the pension benefit being received prior to phased retirement period % (b) an annual amount $
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(a) a percentage of the pension benefit being received prior to phased retirement period %
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
NOTE: Under paragraph 16.1(4)( g ) of the Pension Benefits Standards Act, 1985 , if the former member is receiving an immediate pension benefit from a pension plan that provides for the payment of a phased retirement benefit, the administrator of that pension plan shall cease paying the immediate pension benefit when payment of a phased retirement benefit begins and an existing waiver of the joint and survivor pension benefit is void, except if the waiver was made under a court order or agreement relating to the distribution of property on divorce, annulment, separation or breakdown of a common-law partnership. When payment of an immediate pension benefit is to commence following the phased retirement period, a new election as to the form of that benefit may be made in accordance with subsection 22(5) of the Pension Benefits Standards Act, 1985 .
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
I, , hereby certify that I am the spouse or the common-law partner, as defined in the Pension Benefits Standards Act, 1985 , of .
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
I understand that my spouse or common-law partner has elected to receive a variable benefit directly from the pension plan, and that my written consent is required to enable my spouse or common-law partner to do so.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
I understand that (a) electing to receive a variable benefit directly from the pension plan will allow my spouse or common-law partner to manage his or her own pension fund and will allow some flexibility in determining the amount that will be paid as a variable benefit in each calendar year; (b) the remaining funds may be used to purchase a life annuity at a later date, but there is no requirement that the remaining funds be used to purchase a life annuity; (c) if the remaining funds are used to purchase a life annuity, the life annuity must be joint unless I waive my entitlements by signing a separate waiver form within 90 days before the day on which the annuity payments begin; and (d) a variable benefit paid directly from the pension plan is not paid in the joint and survivor form.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(a) electing to receive a variable benefit directly from the pension plan will allow my spouse or common-law partner to manage his or her own pension fund and will allow some flexibility in determining the amount that will be paid as a variable benefit in each calendar year;
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(b) the remaining funds may be used to purchase a life annuity at a later date, but there is no requirement that the remaining funds be used to purchase a life annuity;
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(c) if the remaining funds are used to purchase a life annuity, the life annuity must be joint unless I waive my entitlements by signing a separate waiver form within 90 days before the day on which the annuity payments begin; and
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(d) a variable benefit paid directly from the pension plan is not paid in the joint and survivor form.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
I further understand that before purchasing a life annuity, the pension plan will allow my spouse or common-law partner to withdraw some of the funds each year, subject to minimum and maximum withdrawal limits. I understand, however, that the amount of pension income or survivor benefit available to me in later years may be significantly reduced if (a) my spouse or common-law partner elects to withdraw the maximum amount permitted each year; or (b) the investment performance is poor.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(a) my spouse or common-law partner elects to withdraw the maximum amount permitted each year; or
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Nevertheless, I consent to the receipt of variable benefits directly from the pension plan, and certify that (a) I have read this form and understand it; (b) neither my spouse or common-law partner nor anyone else has put any pressure on me to sign this form; (c) I realize that (i) this form only gives a general description of the legal rights I have under the Pension Benefits Standards Act, 1985 and the Pension Benefits Standards Regulations, 1985 , and (ii) if I wish to understand exactly what my legal rights are I must read the Pension Benefits Standards Act, 1985 and the Pension Benefits Standards Regulations,1985 or seek legal advice; and (d) I realize that I am entitled to a copy of this consent form.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(a) I have read this form and understand it;
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(b) neither my spouse or common-law partner nor anyone else has put any pressure on me to sign this form;
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(c) I realize that (i) this form only gives a general description of the legal rights I have under the Pension Benefits Standards Act, 1985 and the Pension Benefits Standards Regulations, 1985 , and (ii) if I wish to understand exactly what my legal rights are I must read the Pension Benefits Standards Act, 1985 and the Pension Benefits Standards Regulations,1985 or seek legal advice; and
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(i) this form only gives a general description of the legal rights I have under the Pension Benefits Standards Act, 1985 and the Pension Benefits Standards Regulations, 1985 , and
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(ii) if I wish to understand exactly what my legal rights are I must read the Pension Benefits Standards Act, 1985 and the Pension Benefits Standards Regulations,1985 or seek legal advice; and
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(d) I realize that I am entitled to a copy of this consent form.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
I certify that (a) My full name is (b) My address is (c) I witnessed sign this waiver.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
I, , hereby certify that I am (a) the spouse or (b) the common-law partner, as defined in subsection 2(1) of the Pension Benefits Standards Act, 1985 , of , a retired former member of the pension plan known as .
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Under the terms of that pension plan (a) the amount of the joint and survivor pension benefit payable to my spouse or common-law partner as a retired former member is $ per year; and (b) the amount of the survivor benefit that would be payable to me on the death of my spouse or common-law partner is $ per year.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(a) the amount of the joint and survivor pension benefit payable to my spouse or common-law partner as a retired former member is $ per year; and
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
(b) the amount of the survivor benefit that would be payable to me on the death of my spouse or common-law partner is $ per year.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
I understand that: My consent to the cessation of the payment of the joint and survivor pension benefit described in paragraph (a) is required to allow the payment of a phased retirement benefit to my spouse or common-law partner. By giving my consent, I am no longer entitled to the survivor benefit described in paragraph (b) that currently would be payable to me on the death of my spouse or common-law partner. If my spouse or common-law partner dies while receiving a phased retirement benefit, the survivor benefit will be payable to the person who is at that time his or her spouse or common-law partner. A new election as to the form of the immediate pension benefit that will commence after the phased retirement period may be made when that benefit commences, in accordance with subsection 22(5) of the Pension Benefits Standards Act, 1985 .
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
My consent to the cessation of the payment of the joint and survivor pension benefit described in paragraph (a) is required to allow the payment of a phased retirement benefit to my spouse or common-law partner.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
By giving my consent, I am no longer entitled to the survivor benefit described in paragraph (b) that currently would be payable to me on the death of my spouse or common-law partner.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
If my spouse or common-law partner dies while receiving a phased retirement benefit, the survivor benefit will be payable to the person who is at that time his or her spouse or common-law partner.
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
A new election as to the form of the immediate pension benefit that will commence after the phased retirement period may be made when that benefit commences, in accordance with subsection 22(5) of the Pension Benefits Standards Act, 1985 .
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Based on the above, and in accordance with paragraph 16.1(3)(b) of the Pension Benefits Standards Act, 1985 , I hereby consent to the cessation of the payment of the joint and survivor pension benefit described in paragraph (a).
Pension Benefits Standards Regulations, 1985 — Pension Benefits Standards Regulations, 1985
Name of witness (other than the former member)
Pension Benefits Standards Regulations, 1985 — 1
1 To: ( insert name of financial institution )
Pension Benefits Standards Regulations, 1985 — 2
2 List of applicable federally regulated locked-in plans: ( Please identify any locked-in registered retirement savings plan, life income fund, restricted locked-in savings plan or restricted life income fund that is held by the financial institution identified above and from which you intend to withdraw or transfer funds .) (a) (b) (c)