Income Tax Regulations — 8503
ithout any other similar reduction, B is, in the case of a member who attains 65 years of age before the member’s death or who was, at any time after 1990, connected with an employer who has participated in the plan, 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 member’s day of death, and (B) the amount, if any, by which 3/2 of the Year’s Maximum Pensionable Earnings for the calendar year in which the member dies exceeds such amount as is required by the Minister to be determined in respect of benefits provided, as a consequence of the death of 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 in which the member dies and not after the particular month, to the Consumer Price Index for the month in which the member dies; Pre-retirement Survivor Benefits — Alternative Rule (f) retirement benefits (in this paragraph referred to as “survivor benefits”) provided to a beneficiary of a member who dies before retirement benefits under the defined benefit provision commence to be paid to the member where (i) no other benefits (other than benefits permissible under paragraph (g), (j), (l.1) or (n)) are payable as a consequence of the member’s death, (ii) the beneficiary is a spouse or common-law partner or former spouse or common-law partner of the member, (iii) the survivor benefits are payable for a period beginning not later than the later of (A) the day that is one year after the day of death of the member, and (B) the end of the calendar year in which the beneficiary attains 71 years of age, and ending with the death of the beneficiary, (iv) the survivor benefits would be in accordance with paragraph (a) if the beneficiary were a member of the plan, and (v) the present value (at the time of the member’s death) of all benefits provided as a consequence of the member’s death does not exceed the present value (immediately before the member’s death) of all benefits that have accrued under the provision with respect to the member to the day of the member’s death; Pre-retirement Survivor Benefits — Guarantee Period (g) retirement benefits provided to one or more individuals as a consequence of the death of a person who (i) is a beneficiary of a member who died before retirement benefits under the provision commenced to be paid to the member, (ii) was, at the time of the member’s death, a spouse or common-law partner or former spouse or common-law partner of the member, and (iii) dies after the member’s death, where the benefits would be in accordance with paragraph (c) if the person were a member of the plan; Lump Sum Payments on Termination (h) the payment, with respect to a member in connection with the member’s termination from the plan (otherwise than by reason of death), of one or more single amounts where (i) the payments are the last payments to be made under the provision with respect to the member, (ii) if subparagraph (iii) is not applicable, each single amount does not exceed the balance in the member’s net contribution account immediately before the time of payment of the single amount, and (iii) if (A) the Minister has, pursuant to subsection (5), waived the application of the conditions in paragraph (4)(a) in respect of the provision, or (B) the member’s contributions under the provision for each calendar year after 1990 would have been in accordance with paragraph (4)(a) if the reference in clause (i)(B) thereof to “70 per cent” were rea