Income Tax Regulations — 8503
n plan established by the Canadian Forces Superannuation Act ; and (c) the conditions in section 8303, paragraph (3)(c) and section 8504 do not apply in respect of benefits provided to a member under the pension plan established by the Public Service Superannuation Act if the benefits arise as a result of a waiver granted by the Treasury Board, before 2028, of any early retirement reductions in respect of the member that would otherwise apply under that Act or under the Retirement Compensation Arrangements Regulations, No. 1 . Artificially Reduced Pension Adjustments (14) Where (a) the amount of lifetime retirement benefits provided under a defined benefit provision of a registered pension plan to a member depends on the member’s remuneration, (b) remuneration (in this subsection referred to as “excluded remuneration”) of certain types is disregarded for the purpose of determining the amount of the member’s lifetime retirement benefits, and (c) it can reasonably be considered that one of the main reasons that remuneration in the form of excluded remuneration was paid to the member by an employer at any time was to artificially reduce a pension credit of the member under the provision with respect to the employer, the following rules apply for the purposes of the conditions in subsection 8504(1): (d) the member shall be deemed to have been connected with the employer while the member was employed by the employer, and (e) the member shall be deemed not to have received such remuneration as is excluded remuneration. Past Service Employer Contributions (15) Where (a) a contribution that is made by an employer to a registered pension plan is made, in whole or in part, in respect of benefits (in this subsection referred to as “past service benefits”) provided under the plan to a member in respect of a period before 1990 and before the calendar year in which the contribution is made, (b) the contribution is made (i) after December 10, 1989, or (ii) before December 11, 1989 where the contribution has not, before that date, been approved by the Minister under paragraph 20(1)(s) of the Act, and (c) it is reasonable to consider that all or substantially all of such portion of the contribution as is in respect of past service benefits was paid by the employer, with the consent of the member, in lieu of a payment or other benefit to which the member would otherwise be entitled, the plan becomes, for the purposes of paragraph 147.1(11)(c) of the Act, a revocable plan on the later of December 11, 1989 and the day immediately before the day on which the contribution is made. Definitions (16) The following definitions apply in this subsection and in subsections (17) to (23). qualifying period of a member under a defined benefit provision of a pension plan means a period throughout which the member is employed by an employer who participates in the plan but does not include any period that is before the day that is the first day, on or after the later of the following days, in respect of which retirement benefits are provided under the provision to the member: (a) the day on which retirement benefits first commenced to be paid to the member under the provision; and (b) the member’s specified eligibility day under the provision. ( période admissible ) specified eligibility day of a member under a defined benefit provision of a pension plan means the earlier of (a) the later of (i) the day on which the member attains 55 years of age, and (ii) the day on which the member attains the earliest age at which payment of the member’s lifetime retirement benefits may commence under the terms of the provision without a reduction computed by reference to the member’s age, duration of service, or both (and without any other similar reduction), otherwise than because of the member being totally and permanently disabled; and (b) the day on which the member attains 60 years of age. ( date d’admissibilité ) Bridging Benefits Payable on a Stand-alone Basis (17)