Income Tax Regulations — 8503
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 read as a reference to “50 per cent”, each single amount does not exceed the amount that would be the balance in the member’s net contribution account immediately before the time of the payment of the single amount if, for each current service contribution made by the member under the provision, the account were credited at the time of the contribution with an additional amount equal to the amount of the contribution (other than the portion of the contribution, if any, paid in respect of one or more periods that were not periods of regular employment and that would not have been required to be paid by the member if the periods were periods of regular employment); Payment of Commuted Value of Benefits on Death Before Retirement (i) the payment of one or more single amounts to one or more beneficiaries of a member who dies before retirement benefits under the provision commence to be paid to the member where (i) no retirement benefits are payable as a consequence of the member’s death, and (ii) the aggregate of all amounts, each of which is such a single amount (other than the portion thereof, if any, that can reasonably be considered to be interest, computed at a rate not exceeding a reasonable rate, in respect of the period from the day of death of the member to the day the single amount is paid), does not exceed the present value, immediately before the death of the member or at any other time allowed under the Pension Benefits Standards Act, 1985 or similar law of a province, of all benefits that have accrued under the provision with respect to the member to the day of the member’s death; Lump Sum Payments on Death (j) the payment of one or more single amounts after the death of a member where (i) the payments are the last payments to be made under the provision with respect to the member, (ii) if the member dies before retirement benefits under the provision commence to be paid to the member and no retirement benefits are payable as a consequence of the member’s death, the aggregate amount to be paid at any time complies with whichever of the conditions in subparagraphs (h)(ii) and (iii) would be applicable if the single amounts were paid in connection with the member’s termination from the plan otherwise than by reason of death, and (iii) if subparagraph (ii) is not applicable, the aggregate amount to be paid at any time does not exceed the balance, immediately before that time, in the member’s net contribution account in relation to the provision; Additional Post-retirement Death Benefits (k) retirement benefits (in this paragraph referred to as “additional death benefits”) payable after the death of a member who dies after retirement benefits under the provision commence to be paid to the member where the additional death benefits are (i) retirement benefits provided to a spouse or common-law partner or former spouse or common-law partner of the member that are in excess of the benefits that are permissible under paragraph (d), but that would be permissible under that paragraph if the reference in subparagraph (d)(iv) to “66 2/3 per cent” were read as a reference to “100 per cent”, (ii) retirement benefits provided to one or more beneficiaries of the member that are in excess of the benefits that are permissible under paragraph (c), but that would be permissible under that paragraph if it were read without reference to clause (i)(A) thereof, or (iii) a combination of retirement benefits described in subparagraphs (i) and (ii), and where (iv) the additional death benefits are provided in lieu of a proportion of the lifetime retirement benefits that would otherwise be payable under the provision to the member, and (v) the present value of all benefits provided under the provision with respect to the member does not exceed the pre