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Assessment of Pension Plans Regulations

Version of section 1 from 2019-04-01 to 2024-04-01:

  •  (1) The following definitions apply in these Regulations.

    Act

    Act means the Office of the Superintendent of Financial Institutions Act; (Loi)

    beneficiary

    beneficiary means

    • (a) in respect of a pension plan that has been registered under section 12 of the Pooled Registered Pension Plans Act, a person who is a member of the plan, as defined in subsection 2(1) of that Act, or a survivor, as defined in that subsection, who holds an account with the plan; and

    • (b) in respect of a pension plan that has been registered or is filed for registration under section 10 of the Pension Benefits Standards Act, 1985, a person who is entitled to a pension benefit, but it does not include a person who has transferred all of their pension benefit credit or purchased an immediate or deferred life annuity under section 26 of that Act or for whom, after approval of the plan’s termination report under subsection 29(10) of that Act, an immediate or deferred life annuity is purchased by the plan administrator. (bénéficiaire)

    cessation of membership

    cessation of membership[Repealed, SOR/2019-53, s. 1]

    member

    member[Repealed, SOR/2019-53, s. 1]

    number of beneficiaries

    number of beneficiaries means the number of beneficiaries

    pension plan year

    pension plan year, in respect of

    • (a) a pension plan that has been registered or is filed for registration under section 10 of the Pension Benefits Standards Act, 1985, has the meaning assigned by plan year in subsection 2(1) of that Act; and

    • (b) a pension plan that has been registered under section 12 of the Pooled Registered Pension Plans Act, means a calendar year. (exercice du régime de pension)

    plan

    plan[Repealed, SOR/2016-275, s. 2]

    retire

    retire[Repealed, SOR/2019-53, s. 1]

    survivor

    survivor[Repealed, SOR/2019-53, s. 1]

    termination

    termination, in respect of

    • (a) a pension plan that has been registered or is filed for registration under section 10 of the Pension Benefits Standards Act, 1985, has the same meaning as in subsection 2(1) of that Act; and

    • (b) a pension plan that has been registered under section 12 of the Pooled Registered Pension Plans Act, means termination of the plan in any of the situations described in subsections 62(1), (2) and (6) of that Act. (cessation)

    winding-up

    winding-up, in respect of

    • (a) a pension plan that has been registered or is filed for registration under section 10 of the Pension Benefits Standards Act, 1985, has the same meaning as in subsection 2(1) of that Act; and

    • (b) a pension plan that has been registered under section 12 of the Pooled Registered Pension Plans Act, has the same meaning as in subsection 2(1) of that Act. (liquidation)

  • (2) [Repealed, SOR/2016-275, s. 2]

  • SOR/2016-275, s. 2
  • SOR/2019-53, s. 1

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