Income Tax Regulations — 8503
 age, duration of service, or both, and without any other similar reduction, B is, in the case of a member who attains 65 years of age before the time of commencement, nil, and, otherwise, the amount, if any, by which the lesser of (A) the amount (expressed on an annualized basis) of lifetime retirement benefits that could reasonably be expected to have accrued to the member to the day on which the member would have attained 65 years of age if the member had survived to that day and continued in employment and if the member’s rate of remuneration had not increased after the time of commencement, and (B) the amount, if any, by which the Year’s Maximum Pensionable Earnings for the calendar year that includes the time of commencement exceeds such amount as is required by the Minister to be determined in respect of benefits provided to the member under other benefit provisions of the plan and under benefit provisions of other registered pension plans exceeds the amount determined for A, and C is the greatest of all amounts each of which is the ratio of the Consumer Price Index for a month not before the month that includes the time of commencement and not after the particular month to the Consumer Price Index for the month that includes the time of commencement; Pre-1991 Benefits (e) all benefits provided under the provision in respect of periods before 1991 are acceptable to the Minister and, for the purposes of this condition, any benefits in respect of periods before 1991 that become provided after 1988 with respect to a member who is connected with an employer who participates in the plan or was so connected at any time before the benefits become provided shall, unless the Minister is notified in writing that the benefits are provided with respect to the member, be deemed to be unacceptable to the Minister; Determination of Retirement Benefits (f) the amount of retirement benefits provided under the provision to a member is determined in such a manner that the member’s pension credit (as determined under Part LXXXIII) under the provision for a calendar year with respect to an employer is determinable at the end of the year; Benefit Accrual Rate (g) if the amount of lifetime retirement benefits provided under the provision to a member is determined, in part, by multiplying the member’s remuneration (or a function of the member’s remuneration) by an annual benefit accrual rate, or in a manner that is equivalent to that calculation, the annual benefit accrual rate or the quivalent annual benefit accrual rate does not exceed (i) in the case of a member whose benefits are provided in respect of employment in a public safety occupation and for whom the formula for determining the amount of the lifetime retirement benefits can reasonably be considered to take into account public pension benefits, 2.33 per cent, and (ii) in any other case, 2 per cent; Increase in Accrued Benefits (h) where the amount of lifetime retirement benefits provided to a member in respect of a calendar year depends on (i) the member’s remuneration in subsequent years, or (ii) the average wage (or other general measure of wages and salaries) for subsequent years, and this condition has not been waived by the Minister, the formula for determining the amount of lifetime retirement benefits is such that (iii) the percentage increase from year to year in the amount of lifetime retirement benefits that accrued to the member in respect of the year can reasonably be expected to approximate or be less than the percentage increase from year to year in the member’s remuneration or in the average wage (or other general measure of wages and salaries), as the case may be, or (iv) the condition in subparagraph (iii) is not satisfied only by reason that the formula can reasonably be considered to have been designed taking into account the public pension benefits payable to members, and, for the purposes of this condition, where in determining the amount of lifetime retirement