THE EMPIRE LIFE INSURANCE COMPANY LIFE INCOME FUND ENDORSEMENT QUÉBEC SUPPLEMENTAL PENSION PLANS ACT AND REGULATIONS

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "THE EMPIRE LIFE INSURANCE COMPANY LIFE INCOME FUND ENDORSEMENT QUÉBEC SUPPLEMENTAL PENSION PLANS ACT AND REGULATIONS"

Transcription

1 Policy Number: THE EMPIRE LIFE INSURANCE COMPANY LIFE INCOME FUND ENDORSEMENT QUÉBEC SUPPLEMENTAL PENSION PLANS ACT AND REGULATIONS Owner/Annuitant: The Policy Number indicated above is amended as described in the following provisions. Where applicable, these Life Income Fund Provisions shall override any other provision to the contrary. Definitions Annuitant and/or Owner have the same meaning given to the term purchaser in the Act. we, us, our, and the Company means The Empire Life Insurance Company; you, and your means the Owner of the Life Income Fund policy. LIF1 General Provisions This policy is subject to the following conditions: i) For the purposes of this endorsement the word "Act" shall mean The Québec Supplemental Pension Plans Act and the word "Regulation" shall mean the Regulation Respecting Supplemental Pension Plans under the Act, and as these may be amended from time to time; ii) Where used throughout this endorsement, the following terms shall have the same meanings as those defined in the Act and Regulation "life income fund (LIF)", "locked-in retirement account (LIRA)", "pension", and "spouse"; iii) Notwithstanding anything to the contrary contained in this contract, including any endorsements forming a part thereof, "spouse" does not include any person who is not recognized as a spouse for the purposes of any provision of the Income Tax Act (Canada) respecting Registered Retirement Income Funds; iv) where used in this endorsement the term locked-in money shall include all interest, gains and losses attributable to such deposits of locked-in money; v) this policy must comply with the conditions for registration as a Registered Retirement Income Fund under the Income Tax Act (Canada) and, once registered, must remain registered; vi) that the funds in the policy shall be invested in a manner that complies with the rules for the investment of funds in a Registered Retirement Income Fund, as defined in section of the Income Tax Act (Canada) and the Regulations thereunder; vii) that this policy may not be assigned, charged, anticipated or given as security in whole or in part and is exempt from execution, seizure or attachment. Further, any transaction which purports to assign, charge, anticipate or give as security the balance of the funds in this policy at any time is void; viii) that should any of the value of this policy be paid out in a manner contrary to these provisions or the Regulation, we will determine the value of the policy as if such payment had not been made unless such payment was the result of a false statement by you; ix) that we may not make any amendments to the contract unless; a) we are required by law to make the amendment, b) the amendment remains in conformity with the standard contract amended and registered with the applicable provincial and federal legislative authority and with the Régie des rentes du Québec, c) you have been given at least 90 days prior notice of the proposed amendment (other than an amendment described in item a) above), and d) if the amendment reduces benefits under the contract, you may transfer the balance and receive, not less than 90 days before the date on which you may exercise that right, a notice indicating the nature of the amendment and the date from which you may exercise that right. LIF2 Additional Deposits Additional deposits may be made, by you, into this policy at any date following the Policy Date providing this policy remains in force. In any event, no deposit will be accepted under this policy unless the deposits are transfers coming directly or indirectly from a pension plan subject to the Act or referred to in subsection 1, 2, 4 or 5 of section 28 of the Regulation or another life income fund. All deposits transferred to this policy will be deemed to be transfers from another life income fund under which you are the Owner unless you provide a completed declaration in conformity with the declaration prescribed in schedule 0.9 of the Regulation. November 2011 Page 1 of 4

2 LIF3 Temporary Income Payments A) Over age 54 and under age 65 at the end of the year preceding the year of application You may elect to apply for payment of a temporary income, the amount of which is determined by you subject to the limits outlined in sections 20.3 and 20.4 of the Regulation, at any time during the fiscal year of the fund subject to the following conditions: i) your application for a temporary income must be accompanied by a completed declaration to this effect in conformity with the declaration prescribed in Schedule 0.4 of the Regulation; and ii) you must have attained at least the age of 54 years but be under the age of 65 years at the end of the year preceding the date of application. If the payment of any portion of the temporary income is to be made in the form of a transfer to another retirement savings instrument of which the balance is not to be converted to a life annuity, such portion of the payment may not exceed the Maximum Amount determined in accordance with section 20 of the Regulation, determined by assuming that you are not entitled to payment of a temporary income. In the event you elect to determine an increased maximum temporary income in accordance with section 20.4 of the Regulation during any fiscal year, you must provide us with completed declarations in conformity with the declarations prescribed in schedules 0.4 and 0.8 of the Regulation. The temporary income payable in accordance with this provision may not be paid after the end of the year in which you attain age 65. B) Less than age 54 at the end of the year preceding the year of application You may elect to receive annually the balance of the value of the fund, in whole or in part, in the form of a temporary income payable in equal monthly payments, none of which may exceed the limits outlined in section 19.2 of the Regulation, subject to the following conditions: i) your application for such temporary income must be accompanied by a completed declaration to this effect in conformity with the declaration prescribed in Schedule 0.5 of the Regulation and your written undertaking to request a suspension of such payments as soon as your income, excluding this temporary income, reaches the limits prescribed in subsection 1 of section 19.2 of the Regulation; and ii) you must have been less than 54 years of age at the end of the year preceding the date of application. This temporary income will not be paid where you have requested a suspension of payments nor after the end of the year in which you attain 54 years of age. If you are a member, or the spouse of a member, who has become entitled to a pension under a pension plan, you may, for the purpose of replacing such pension by a temporary income, apply once a year for the transfer from that pension plan to this policy, an amount equal to the lesser of a) the additional amount required for the value of this policy to allow, until the end of such year, the payment of the temporary income outlined in section 19.2 of the Regulation, and b) the value of your benefits under the plan. LIF4 Retirement Income Payments You shall be paid income payments, the amount of which may vary annually, until the day on which the balance of the locked-in money in the policy is used to purchase a life annuity contract as stipulated in subparagraph 60(l) of the Income Tax Act (Canada). The retirement income payments to be made with respect to this policy shall be made in accordance with the directions provided in the application. The fiscal year of the fund must end on December 31st of each year and may not exceed 12 months. Unless otherwise directed, payment in any fiscal year will be made in equal monthly instalments and for an amount that is one-twelfth the amount that is deemed to be the Minimum Amount required to be paid out during the fiscal year as described in section 20.2 of the Regulation and Section 146.3(1) of the Income Tax Act (Canada) and as may be amended from time to time. Other payment methods may be elected subject to the approval of the Company. In any event, any payment method which is chosen must meet the provisions of both the Income Tax Act (Canada) and of this policy. The Maximum Amount to be paid out under the Life Income Fund for each fiscal year shall be determined in accordance with section 20.1 of the Regulation. In addition to the regular income payments being made in accordance with the Life Income Fund, unscheduled lump sum income payments may be requested during any fiscal year, in accordance with the policy provisions, with the restriction that the sum of the scheduled income payments and the unscheduled payments in a particular year does not exceed the Maximum Amount for that year. November 2011 Page 2 of 4

3 LIF5 Death Benefit The Death Benefit applies up to the point in time at which the totality of the Life Income Fund balance has been converted into a life annuity. Once the balance has been converted into a life annuity the terms of the annuity shall apply. If you die while this policy is in force the Death Benefit Value, to the extent permitted by the Income Tax Act (Canada), your spouse or, if there is none, your named beneficiary shall receive the Death Benefit Value of the policy. If there is no spouse or named beneficiary, the Death Benefit Value shall be paid to your Estate. Your spouse is automatically the Beneficiary until he or she ceases to be entitled to this benefit for one of the reasons listed in provision LIF6. Spousal status shall be determined as of the day preceding the date of your death. The Death Benefit for the Life Income Fund shall be the sum of the Death Benefit amounts payable under each investment option as determined in accordance with the policy provisions for that option. LIF6 Annuity Benefit You may, at any time while this policy is in force, elect to convert the total balance of the life income fund into an immediate life annuity, as specified in subparagraph 60(l) of the Income Tax Act (Canada). In this case the amount used to purchase the life annuity shall be equal to the sum of the Surrender Values payable under each investment option as determined in accordance with the provisions for that option. This policy can be converted to a life annuity only upon the following conditions: i) the insurer guarantees payment of that annuity at least annually in periodic equal amounts that may not vary unless each amount to be paid is: a) uniformly adjusted in accordance with an index or a rate provided for in the annuity contract, in accordance with section 60(l) of the Income Tax Act (Canada), or b) uniformly adjusted by reason of a seizure effected on your benefits, or c) a redetermination of your pension, or d) by reason of a partial commutation of the annuity benefit to provide for the partition of your benefits with your spouse in settlement of rights arising out of, or on the breakdown of, your marriage, or e) the payment of a temporary pension under the conditions provided for in section 91.1 of the Act, or f) by reason of the election provided for under subsection (3) of section 93 of the Act; ii) the insurer must guarantee, to a Spouse who has not waived it, a surviving Spouse's pension which is a life annuity of at least 60% and at most 100% of the annuity payable immediately before the death of the annuitant including, during the replacement period, the amount of any temporary pension; iii) the insurer may guarantee payment during a given period extending after death but not later than the date preceding the annuitant's 90th birthday; and iv) you must supply proof of age for both yourself and your Spouse if appropriate. Your spouse may, at any time prior to conversion of the totality of the account balance into a life annuity, waive entitlement to a surviving spouse's pension or revoke such a waiver by completing the required documents. The spouse ceases to be entitled to the benefits provided for under this section, provision LIF5, LIF7 or, as the case may be, under provision LIF8, upon receipt of proof acceptable to the Company of separation from bed and board, divorce, nullity of marriage, nullity or dissolution of a civil union or, in the case of a spouse who is not a married or civil union spouse, upon cessation of the conjugal relationship, except in the cases and conditions as provided for in section 89 of the Act. LIF7 Withdrawal Benefit You may apply to withdraw the policy value as a lump sum subject to the following conditions: i) a) you must have attained at least the age of 65 at the end of the year preceding the date application to withdraw the policy value is made; and b) the aggregate of the sum accumulated to your account in the following plans defined contribution pension plans, defined contribution-defined benefit pension plans, by applying provisions identical to those for a defined contribution pension plan, life income funds locked-in retirement accounts, and locked-in RRSP s November 2011 Page 3 of 4

4 does not exceed 40% of the Maximum Pensionable Earnings determined in accordance with the Act respecting The Québec Pension Plan for the year during which you apply for such withdrawal. Your application for a withdrawal must be accompanied by a completed declaration to this effect in conformity with the declaration prescribed in Schedule 0.2 of the Regulation; or ii) the seizable portion of the balance of the policy value may be paid in a lump sum in execution of a judgment rendered in favour of your spouse that gives entitlement to a seizure for unpaid alimony, or iii) if you have not resided in Canada for at least two years. We reserve the right to require proof on non-residency, at your expense and in a form satisfactory to us, prior to the payment of the value. The value for withdrawal shall be the sum of the values calculated in accordance with the provisions for each investment option less any fees or charges which may apply in accordance with the policy provisions. LIF8 Transfers At any time, the Life Income Fund provides that at your written direction, we shall transfer all or part of the Life Income Fund Value as well as any additional information necessary for the continuance of the Fund, to another institution who has agreed to provide: i) another Life Income Fund registered as a RRIF for you; or ii) iii) an immediate life annuity as stipulated in paragraph 60(l) of the Income Tax Act (Canada), that has been issued by an insurer with a guarantee that the annuity shall meet the requirements of section 23 of the Regulations; or to another pension plan governed by the Act or referred to in paragraph 1 or 2 of section 28 of the Regulations; or iv) to a Locked-in Retirement Account contract, which meets the requirements of section 29 of the Regulation and under which you are the Annuitant, if the transfer takes place before the latest date prescribed for the maturity of a registered retirement savings plan under the Income Tax Act (Canada). Any such transfer shall be subject to the requirements of the Act and Regulation and the Income Tax Act (Canada). Such value shall be the sum of the values calculated in accordance with the provisions for each investment option less any fees or charges which may apply in accordance with the policy provisions. Any such transfers shall be made within 30 days of the completion and filing of all documents required to authorize the transfer, including any required evidence. LIF9 Life Income Fund Statements We will, at the beginning of each calendar year while this policy is in force, provide to you a statement providing the information required under section 24 of the Regulation. In the event of your death, we will provide to the surviving spouse, designated beneficiary or the administrator or executor of your estate a statement with the information in paragraph 1 of section 24 of the Regulation, established at the date of your death. In the event of a total transfer out of the Company or a conversion of the Life Income Fund, we will provide to you a statement with the information in paragraph 1 of section 24 of the Regulation, established at the date of transfer or conversion, as appropriate. If: a) deposits are made to this policy which do not originate directly or indirectly from a life income fund as described in LIF2, Additional Deposits; or b) if you advise us of the maximum temporary income that you have determined for that fiscal year as described in LIF3, Temporary Income Payments, Over age 54 and under age 65 at the end of the year preceding the year of application we will, within 30 days, provide to you a statement providing the information required under section 24.1 of the Regulation. Date Issued at the Head Office of the Company Mr. Leslie C. Herr President and Chief Executive Officer November 2011 Page 4 of 4

5 THE EMPIRE LIFE INSURANCE COMPANY LOCKED-IN RETIREMENT ACCOUNT ENDORSEMENT QUÉBEC SUPPLEMENTAL PENSION PLANS ACT AND REGULATIONS Policy Number: Owner/Annuitant: The Policy Number indicated above is amended as described in the following provisions. Where applicable, these Locked-In Retirement Account Provisions shall override any other provision to the contrary. Definitions Annuitant and/or Owner have the same meaning given to the term purchaser in the Act. If this Locked-In Retirement Account endorsement is attached to a group retirement savings plan, Owner as used in this endorsement refers to the participating member under the plan. we, us, our, and the Company means The Empire Life Insurance Company; you, and your means the Owner of the Locked-In Retirement Account policy. LIRA1 General Provisions This policy is subject to the following conditions: i) In this endorsement the word "Act" means The Québec Supplemental Pension Plans Act and the word "Regulation" means the Regulation Respecting Supplemental Pension Plans under the Act, and as these may be amended from time to time; ii) In this endorsement, the following terms shall have the same meanings as those defined in the Act and Regulations: "life income fund (LIF)", "locked-in retirement account (LIRA)", "pension", and "spouse"; iii) Notwithstanding anything to the contrary contained in this contract, including any endorsements forming a part thereof, "spouse" does not include any person who is not recognised as a spouse for the purposes of any provision of the Income Tax Act (Canada) respecting Registered Retirement Savings Plans; iv) Where used in this endorsement the term locked-in money shall include all interest, gains and losses attributable to such deposits of locked-in money; v) This policy must comply with the conditions for registration as a Registered Retirement Savings Plan under the Income Tax Act (Canada) and, once registered, must remain registered; vi) The funds in the policy shall be invested in a manner that complies with the rules for the investment of funds in a Registered Retirement Savings Plan, as defined in section of the Income Tax Act (Canada) and the Regulations thereunder; vii) This policy may not be assigned, charged, anticipated or given as security in whole or in part and is exempt from execution, seizure or attachment. Further, any transaction which purports to assign, charge, anticipate or give as security the balance of the funds in this policy at any time is void; viii) Subject to item vii) above and provision LIRA6 and LIRA7 of this endorsement, no withdrawal, commutation or surrender of locked-in money is permitted during the lifetime of the Owner except where an amount is required to be paid to the Owner to reduce the amount of tax otherwise payable under Part X.1 of the Income Tax Act (Canada); ix) that should any of the value of this policy be paid out in a manner contrary to these provisions or the Regulation, we will determine the value of the policy as if such payment had not been made unless such payment was the result of a false statement by you; x) that we may not make any amendments to the contract unless: a) we are required by law to make the amendment; b) the amendment remains in conformity with the standard contract amended and registered with the applicable provincial and federal legislative authority and with the Régie des rentes du Québec; c) you have been given at least 90 days prior notice of the proposed amendment (other than an amendment described in item a) above); and d) if the amendment reduces benefits under the contract, you may transfer the balance and receive, not less than 90 days before the date on which you may exercise that right, a notice indicating the nature of the amendment and the date from which you may exercise that right. November 2011 Page 1 of 4

6 LIRA2 Additional Deposits Additional deposits may be made, by you, into this policy at any date prior to the Maturity Date of the Policy. In any event, no deposit will be accepted under this policy unless the deposits are transfers of locked-in money from: i) a Locked-in Registered Retirement Savings Plan under which you are the annuitant; or ii) a Life Income Fund registered as a Registered Retirement Income Fund (RRIF) under which you are the Annuitant; or iii) a Registered Pension Plan under which you are a member, governed by the Act or referred to in paragraph 1, 2 or 5 of Section 28 of the Regulation; or iv) another Locked-in Retirement Account contract under which you are the Annuitant. LIRA3 Pension Benefit The total balance of the value of the policy must be converted to a life annuity no later than the latest date for maturity of a registered retirement savings plan as prescribed under the Income Tax Act (Canada). With the exception of the cases referred to in subparagraphs 3 and 8 to 9.1 of Section 29 of the Regulation, the balance of the value of the policy may only be converted into a life annuity guaranteed by an insurer and established for the duration of your lifetime alone or for the duration of your lifetime and the life of your spouse. If you have not provided the Company with the required documentation to commence payment of pension benefits, we will, before the latest date for maturity of a registered retirement savings plan as prescribed under the Income Tax Act (Canada), purchase an immediate life annuity contract for you based on our then current annuity rates and as stipulated in section 146(1) of the Income Tax Act (Canada) or provide for a pension in compliance with the Act and Regulations. The amount used for this purchase shall be equal to the sum of the Maturity Values payable under each investment option as determined in accordance with the provisions for that option. At any time prior to the Maturity Date, if the policy has not been otherwise settled under provision LIRA4, LIRA5, LIRA6 or LIRA7, you may request conversion to a life annuity. In this case the amount used to purchase the life annuity shall be equal to the sum of the Surrender Values payable under each investment option as determined in accordance with the provisions for that option. This policy can be converted to a life annuity only upon the following conditions: i) the insurer guarantees payment of that annuity at least annually in periodic equal amounts that may not vary unless each amount to be paid is: a) uniformly adjusted in accordance with an index or a rate provided for in the annuity contract, in accordance with section 146(1) of the Income Tax Act (Canada), or b) uniformly adjusted by reason of a seizure effected on your benefits, or c) a redetermination of your pension, or d) by reason of a partial commutation of the annuity benefit to provide for the partition of your benefits with your spouse in settlement of rights arising out of, or on the breakdown of, your marriage; or e) the payment of a temporary pension under the conditions provided for in section 91.1 of the Act, or f) by reason of the election provided for under paragraph 3 of the first paragraph of section 93 of the Act; ii) the insurer must guarantee, to a Spouse who has not waived it, a surviving Spouse's pension which is a life annuity of at least 60% and at most 100% of the annuity payable immediately before the death of the Annuitant including, during the replacement period, the amount of any temporary pension; iii) the insurer may guarantee payment during a given period extending after death but not later than the date preceding the Annuitant's 90th birthday; and iv) you must supply proof of age for both yourself and your Spouse if appropriate. Your spouse may, at any time prior to conversion of the totality of the account balance into a life annuity, waive entitlement to a surviving spouse's pension or revoke such a waiver by completing the required documents. The spouse ceases to be entitled to the benefits provided for under this section, provision LIRA4, LIRA5 or, as the case may be, under provision LIRA7, upon receipt of proof acceptable to the Company of separation from bed and board, divorce, nullity of marriage, dissolution or nullity of civil union, or, in the case of spouse who is not a married or civil union spouse, upon cessation of the conjugal relationship, except in the cases and conditions provided for in section 89 of the Act. LIRA4 Death Benefit If you die before the date on which this policy has been settled under Provision LIRA3, LIRA5, LIRA6 or LIRA7, your spouse or, if there is none, your named beneficiary shall receive the Death Benefit Value of the policy. If there is no spouse or named beneficiary, November 2011 Page 2 of 4

7 the Death Benefit value shall be paid to your Estate. Your spouse is automatically the Beneficiary until he or she ceases to be entitled to this benefit for one of the reasons listed in provision LIRA3. Spousal status shall be determined as of the day preceding the date of your death. The Death Benefit Value for the Locked-In Retirement Account shall be the sum of the Death Benefit amounts payable under each investment option as determined in accordance with the policy provisions for that option. LIRA5 Transfers At any time, the Locked-In Retirement Account provides that at your written direction, we shall transfer all or part of the Value of the Locked-In Retirement Account to: i) another Locked-In Retirement Account; or ii) purchase an immediate or deferred life annuity contract, as described in section 30 of the Regulation and as stipulated in paragraph 146(1) of the Income Tax Act (Canada). If you have a spouse, the life annuity contract shall be a joint pension in accordance with subsection 30(4) of the Regulation and section 146(1) of the Income Tax Act (Canada) unless your spouse has waived entitlement to a joint pension as described in subsection 30(5) of the Regulation; or iii) to another pension plan governed by the Act or referred to in paragraph 1 or 2 of section 28 of the Regulation; or iv) to a Life Income Fund contract under which you are the Annuitant. Any such transfer shall be subject to the requirements of the Act and Regulation and the Income Tax Act (Canada). Such transfer of value shall be the sum of the values calculated in accordance with the provisions for each investment option less any fees or charges which may apply in accordance with the policy provisions. Any such transfers shall be made within 30 days of the completion and filing of all documents required to authorize the transfer, including any required evidence. LIRA6 Withdrawal Benefit You may apply to withdraw the policy value as a lump sum subject to the following conditions: i) a) you must have attained at least the age of 65 at the end of the year preceding the date application to withdraw the policy value is made; b) the aggregate of the sum accumulated to your account in the following plans defined contribution pension plans, defined contribution-defined benefit pension plans, by applying provisions identical to those for a defined contribution pension plan, life income funds locked-in retirement accounts, and locked-in RRSP s does not exceed 40% of the Maximum Pensionable Earnings determined in accordance with the Act Respecting The Québec Pension Plan for the year during which you apply for such withdrawal. Your application for a withdrawal must be accompanied by a completed declaration to this effect in conformity with the declaration prescribed in Schedule 0.2 of the Regulation; or ii) the seizable portion of the balance of the policy value may be paid in a lump sum in execution of a judgment rendered in favour of your spouse that gives entitlement to a seizure for unpaid alimony; or. iii) if you have not resided in Canada for at least two years. We reserve the right to require proof of non-residency, at your expense and in a form satisfactory to us, prior to the payment of the value. The value for withdrawal shall be the sum of the values calculated in accordance with the provisions for each investment option less any fees or charges which may apply in accordance with the policy provisions. LIRA7 Disability Benefit Notwithstanding any provision to the contrary, you may elect to withdraw the policy value as a lump sum or series of payments for the purposes of subsection 29(9) of the Regulation, where a physician has certified that, due to a mental or physical disability, your life expectancy is reduced. Such payment shall only be made where your spouse has waived the entitlement to the joint life pension and filed such waiver with our Head Office. November 2011 Page 3 of 4

8 Further, we reserve the right to require further information or proof of disability, at your expense, prior to the release of such funds to you. LIRA8 Annual Statements Each calendar year we will provide you with a statement indicating: i) the sums deposited; ii) their source; iii) the accumulated earnings; iv) the fees deducted since the last statement; and v) the Fund value at the end of such calendar year. Date Issued at the Head Office of the Company Mr. Leslie C. Herr President and Chief Executive Director November 2011 Page 4 of 4

ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT. Quebec (LIRA)

ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT. Quebec (LIRA) ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT Quebec (LIRA) 1. What the Words Mean: Please remember that in this Addendum, I, me and my mean the

More information

ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT. Saskatchewan (LIRA)

ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT. Saskatchewan (LIRA) ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT Saskatchewan (LIRA) 1. What the Words Mean: Please remember that in this Addendum, I, me and my

More information

ADDENDUM TO THE RETIREMENT INCOME FUND DECLARATION OF TRUST ESTABLISHING A LIFE INCOME FUND. Nova Scotia (LIF)

ADDENDUM TO THE RETIREMENT INCOME FUND DECLARATION OF TRUST ESTABLISHING A LIFE INCOME FUND. Nova Scotia (LIF) ADDENDUM TO THE RETIREMENT INCOME FUND DECLARATION OF TRUST ESTABLISHING A LIFE INCOME FUND Nova Scotia (LIF) 1. What the Words Mean: Please remember that in this Addendum, I, me and my mean the individual

More information

ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT. New Brunswick (LIRA)

ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT. New Brunswick (LIRA) ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT New Brunswick (LIRA) 1. What the Words Mean: Please remember that in this Addendum, I, me and my

More information

(CLICK ON JURISDICTION FOR ADDENDUM) FEDERAL LIRA ALBERTA LIRA BRITISH COLUMBIA LRRSP MANITOBA LIRA NEWFOUNDLAND AND LABRADOR LIRA NOVA SCOTIA LIRA

(CLICK ON JURISDICTION FOR ADDENDUM) FEDERAL LIRA ALBERTA LIRA BRITISH COLUMBIA LRRSP MANITOBA LIRA NEWFOUNDLAND AND LABRADOR LIRA NOVA SCOTIA LIRA Addendum To CANADIAN SHAREOWNER INVESTMENTS INC. Retirement Savings Plan Declaration of Trust for Locked-In Pension Transfers to a Locked-In Registered Retirement Savings Plan or a Locked-In Registered

More information

COMMON SENSE FUNDS LOCKED-IN ADDENDUM

COMMON SENSE FUNDS LOCKED-IN ADDENDUM PRIMERICA LIFE INSURANCE COMPANY OF CANADA COMMON SENSE FUNDS LOCKED-IN ADDENDUM ONTARIO LIRA Your Locked-In Addendum Enclosed is the Locked-In Addendum for your registered retirement product, which, together

More information

LONDON LIFE S VOLUNTARY RETIREMENT SAVINGS PLAN POLICY. Plan administrator: London Life Insurance Company

LONDON LIFE S VOLUNTARY RETIREMENT SAVINGS PLAN POLICY. Plan administrator: London Life Insurance Company LONDON LIFE S VOLUNTARY RETIREMENT SAVINGS PLAN POLICY Plan administrator: London Life Insurance Company Autorité des marchées financiers authorization number: LRVER000004 Régie des rentes du Québec plan

More information

Locked-in Retirement Income Requirements

Locked-in Retirement Income Requirements Government of Newfoundland and Labrador Department of Government Services Consumer and Corporate Affairs Financial Services Regulation Division DIRECTIVE NO. 17 Issued under the Pension Benefits Act, 1997,

More information

SUPPLEMENTARY TERMS FOR LOCKED-IN RETIREMENT ACCOUNT (LIRA) BMO INVESTORLINE RETIREMENT SAVINGS PLAN

SUPPLEMENTARY TERMS FOR LOCKED-IN RETIREMENT ACCOUNT (LIRA) BMO INVESTORLINE RETIREMENT SAVINGS PLAN SUPPLEMENTARY TERMS FOR LOCKED-IN RETIREMENT ACCOUNT (LIRA) Pursuant to the Pension Benefits Standards Act (British Columbia) BMO INVESTORLINE RETIREMENT SAVINGS PLAN Plan Issuer BMO Trust Company 100

More information

Addendum. Addendum. for Nova Scotia LIFs. Scotia Self-Directed Life Income Fund (LIF)

Addendum. Addendum. for Nova Scotia LIFs. Scotia Self-Directed Life Income Fund (LIF) Addendum Addendum for Nova Scotia LIFs This Addendum sets out further provisions that apply to LIFs which are subject to the Pension Benefits Act of the province of Nova Scotia (the Act ). 1. Definitions

More information

Financial Services Commission of Ontario Commission des services financiers de l Ontario. Life Income Fund/Locked-In Retirement Account

Financial Services Commission of Ontario Commission des services financiers de l Ontario. Life Income Fund/Locked-In Retirement Account Financial Services Commission of Ontario Commission des services financiers de l Ontario SECTION: Life Income Fund/Locked-In Retirement Account INDEX NO.: L050-100 TITLE: APPROVED BY: Requirements of the

More information

CIBC Investor Services New Life Income Fund Amending Agreement Governed by Schedule 1.1 of General Regulation of Ontario Pension Benefits Act

CIBC Investor Services New Life Income Fund Amending Agreement Governed by Schedule 1.1 of General Regulation of Ontario Pension Benefits Act Page 1 of 6 CIBC Investor Services New Life Income Fund Amending Agreement Governed by Schedule 1.1 of General Regulation of Pension Benefits Act CIBC Investor Services Inc. All capitalized words in this

More information

SCHEDULE 2 (section 116) PENSION BENEFITS STANDARDS REGULATION LIFE INCOME FUND ADDENDUM

SCHEDULE 2 (section 116) PENSION BENEFITS STANDARDS REGULATION LIFE INCOME FUND ADDENDUM SCHEDULE 2 (section 116) PENSION BENEFITS STANDARDS REGULATION LIFE INCOME FUND ADDENDUM PART 1 - DEFINITIONS AND INTERPRETATION Definitions and interpretation 1 (1) Subject to subsection (3), the following

More information

Unlocking Pension Money

Unlocking Pension Money An information bulletin regarding the unlocking of pensions pursuant to The Pension Benefits Act, 1992. fcaa.gov.sk.ca Page 2 [This page was left blank intentionally] Introduction Section 29 of The Pension

More information

CREDENTIAL SECURITIES INC. SELF-DIRECTED LOCKED-IN RETIREMENT ACCOUNT AGREEMENT. THIS ADDENDUM dated the day of, 20.

CREDENTIAL SECURITIES INC. SELF-DIRECTED LOCKED-IN RETIREMENT ACCOUNT AGREEMENT. THIS ADDENDUM dated the day of, 20. CREDENTIAL SECURITIES INC. SELF-DIRECTED LOCKED-IN RETIREMENT ACCOUNT AGREEMENT THIS ADDENDUM dated the day of, 20. Contract (the Contract ) for the establishment of a Locked-In Retirement Account (the

More information

Addendum for Locked-In Retirement Account (LIRA)

Addendum for Locked-In Retirement Account (LIRA) Addendum for Locked-In Retirement Account (LIRA) BMO InvestorLine Inc. Retirement Savings Plan Plan Carrier BMO Trust Company 100 King St. W., 41st Floor, Toronto, Ontario M5X 1H3 Acting through its Agent,

More information

GROUP RETIREMENT SAVINGS PLAN

GROUP RETIREMENT SAVINGS PLAN GROUP RETIREMENT SAVINGS PLAN (the "Group Plan") The individual Retirement Savings Plans (the "Plans") established under the Group Plan will be issued by Sun Life Assurance Company of Canada ("Sun Life")

More information

REPLACES: L050-100, L050-200, L050-201, L100-150, L100-200, L100-500, L100-600

REPLACES: L050-100, L050-200, L050-201, L100-150, L100-200, L100-500, L100-600 Financial Services Commission of Ontario Commission des services financiers de l=ontario SECTION: Locked-In Accounts INDEX NO.: L200-200 TITLE: APPROVED BY: Locked-In Retirement Accounts (LIRAs) Superintendent

More information

LAKEHEAD UNIVERSITY EMPLOYEE PENSION PLAN MEMBER BOOKLET

LAKEHEAD UNIVERSITY EMPLOYEE PENSION PLAN MEMBER BOOKLET LAKEHEAD UNIVERSITY EMPLOYEE PENSION PLAN MEMBER BOOKLET 2011 1 TABLE OF CONTENTS Introduction... 3 Eligibility... 4 Contributions... 5 Individual Account... 8 Short Term Account... 8 Retirement Dates...

More information

DESJARDINS SECURITIES INC. MANITOBA LIRA

DESJARDINS SECURITIES INC. MANITOBA LIRA Locked-in Retirement Account (LIRA) Addendum To Desjardins Securities Inc. Self-Directed RRSP Contract (RSP 168-066) THIS IS AN ADDENDUM TO AN RRSP CONTRACT BETWEEN: AND Desjardins Trust Inc. (the "Issuer")

More information

Financial Services Commission of Ontario Commission des services financiers de l Ontario

Financial Services Commission of Ontario Commission des services financiers de l Ontario Financial Services Commission of Ontario Commission des services financiers de l Ontario SECTION: Life Income Fund/Locked-In Retirement Account INDEX NO.: L050-500 TITLE: LIF Explanation and Tables for

More information

my plan Simplified Pension Plan for Employees of Bishop s University Member Booklet

my plan Simplified Pension Plan for Employees of Bishop s University Member Booklet my plan Simplified Pension Plan for Employees of Bishop s University Member Booklet Client ID 2RT-01 May 2015 Table of Contents Introduction... 1 What type of plan do I have?... 1 What are my responsibilities?...

More information

625 St-Amable Street Québec (Québec) G1R 2G5 ALBERTA LIFE INCOME FUND (LIF-RIDER)

625 St-Amable Street Québec (Québec) G1R 2G5 ALBERTA LIFE INCOME FUND (LIF-RIDER) 625 St-Amable Street Québec (Québec) G1R 2G5 ALBERTA LIFE INCOME FUND (LIF-RIDER) Nature of the rider This rider (hereinafter also referred to as the addendum ) applies only to the Contractholder whose

More information

Group Retirement Savings Plan for Ryerson University CUPE 3904 PT&S

Group Retirement Savings Plan for Ryerson University CUPE 3904 PT&S Group Retirement Savings Plan for Ryerson University CUPE 3904 PT&S Prepared June 2009 Policy/Plan Number 42745 Ryerson Group Retirement Pension Plan Table of Contents An Introduction to your Group Plan,

More information

CANADA POST CORPORATION REGISTERED PENSION PLAN EFFECTIVE OCTOBER 1, 2000

CANADA POST CORPORATION REGISTERED PENSION PLAN EFFECTIVE OCTOBER 1, 2000 CANADA POST CORPORATION REGISTERED PENSION PLAN EFFECTIVE OCTOBER 1, 2000 Revised and approved by the Pension Committee of the Board of Directors of on November 21, 2013 CANADA POST CORPORATION REGISTERED

More information

Reuter Benefits Group Plan Member Newsletter September 2009

Reuter Benefits Group Plan Member Newsletter September 2009 Reuter Benefits Group Plan Member Newsletter September 2009 Accessing Your Retirement Savings As you approach retirement, you will need to turn your Pension and RRSP, as well as any nonregistered savings,

More information

Pension Options. In Alberta, the money that is held for you in a pension plan must be used to provide you with a lifetime income when you retire.

Pension Options. In Alberta, the money that is held for you in a pension plan must be used to provide you with a lifetime income when you retire. RON GRAHAM AND ASSOCIATES 100, 10585-111 Street,Edmonton, Alberta T5H 3E8 Telephone (780) 429-6775 Facsimile (780) 424-0004 rgraham@rgafinancial.com Pension Options In Alberta, the money that is held for

More information

Preparing for Retirement. A Guide for Employees. Human Resources

Preparing for Retirement. A Guide for Employees. Human Resources Preparing for Retirement A Guide for Employees 010 Human Resources Contents Introduction... 3 Canada Pension Plan Retirement Benefits... 4 Old Age Security... 6 Employment Insurance Benefits at Retirement...

More information

Draft Instruction Guide

Draft Instruction Guide Draft Instruction Guide Subject: Disclosure Guideline for Defined Contribution Date: September 2009 Introduction This guideline summarizes the disclosure of information to plan members, eligible employees,

More information

SELF-DIRECTED RETIREMENT SAVINGS PLAN APPLICATION

SELF-DIRECTED RETIREMENT SAVINGS PLAN APPLICATION SELF-DIRECTED RETIREMENT SAVINGS PLAN APPLICATION CALEDON TRUST COMPANY LIRA Locked in Retirement Account* LRSP Locked in Retirement Savings Plan* RSP - Retirement Savings Plan - Member Plan RSP - Retirement

More information

GROUP LIFE INCOME FUND (LIF) FOR MCGILL FACULTY & STAFF

GROUP LIFE INCOME FUND (LIF) FOR MCGILL FACULTY & STAFF GROUP LIFE INCOME FUND (LIF) FOR MCGILL FACULTY & STAFF MY GROUP LIF/RIF PLAN... IN BRIEF At the earlier of your retirement date and attaining age 65, you will be eligible to start receiving a retirement

More information

Code means the Internal Revenue Code of 1986, as amended.

Code means the Internal Revenue Code of 1986, as amended. The American Funds Roth IRA Trust Agreement Pending IRS approval. Section 1 Definitions As used in this trust agreement ( Agreement ) and the related Application, the following terms shall have the meaning

More information

APPLICATION TO RECEIVE A LUMP SUM PAYMENT FROM THE SHEET METAL WORKERS LOCAL 30 PENSION PLAN Registration Number 345850

APPLICATION TO RECEIVE A LUMP SUM PAYMENT FROM THE SHEET METAL WORKERS LOCAL 30 PENSION PLAN Registration Number 345850 APPLICATION TO RECEIVE A LUMP SUM PAYMENT FROM THE SHEET METAL WORKERS LOCAL 30 PENSION PLAN Registration Number 345850 Administrator's Office: Union Office: Employee Benefit Plan Services Limited Sheet

More information

Table of Contents. Page 2 of 10

Table of Contents. Page 2 of 10 Page 1 of 10 Table of Contents What is an RRSP?... 3 Why should you put money into an RRSP?... 3 When should you start an RRSP?... 3 The convenience of regular RRSP deposits... 3 How much can you contribute?...

More information

YORK UNIVERSITY PENSION PLAN

YORK UNIVERSITY PENSION PLAN YORK UNIVERSITY PENSION PLAN (Amended and Restated as at January 1, 1992) Unofficial Consolidation to December 31, 2013 This is an unofficial consolidation of the York University Pension Plan including

More information

Comparison of new Regulations with previous Regulations

Comparison of new Regulations with previous Regulations Comparison of new Regulations with previous Regulations Section Part 1: Interpretation and Application... 1 Definitions and Calculations... 1 Citation... 1 Definitions... 1 New definitions have been added:

More information

The Public Employees Pension Plan Act

The Public Employees Pension Plan Act 1 The Public Employees Pension Plan Act being Chapter P-36.2 of the Statutes of Saskatchewan, 1996 (effective July 1, 1997) as amended by the Statutes of Saskatchewan, 2000, c.4; 2001, c.50 and 51; 2002,

More information

Life Income Fund (LIF) Addendum To RRIF Contract

Life Income Fund (LIF) Addendum To RRIF Contract Life Income Fund (LIF) Addendum To RRIF Contract THIS IS AN ADDENDUM TO A RRIF CONTRACT BETWEEN: AND (the "Owner") BMO Life Assurance Company (the "Issuer") IMPORTANT NOTES: A life income fund (LIF) is

More information

TOWBOAT SEAMEN PENSION BOOKLET. - Questions and Answers - Illustrations

TOWBOAT SEAMEN PENSION BOOKLET. - Questions and Answers - Illustrations TOWBOAT SEAMEN R E T I R E M E N T P L A N PENSION BOOKLET - Questions and Answers - Illustrations April 2013 MISSION STATEMENT The Trustees of the Towboat Seamen Retirement Plan shall use all their individual

More information

ROTH IRA DISCLOSURE STATEMENT

ROTH IRA DISCLOSURE STATEMENT ROTH IRA DISCLOSURE STATEMENT The Pension Fund of the Christian Church established and maintains the Defined Contribution Retirement Accounts of the Pension Fund of the Christian Church (Disciples of Christ)

More information

Early Retirement Strategies

Early Retirement Strategies If you or a member of your family is facing a permanent lay-off, voluntary early retirement or forced early retirement, there are many important decisions to be made decisions that can have a significant

More information

Single Premium Immediate Annuity (SPIA) Application

Single Premium Immediate Annuity (SPIA) Application Single Premium Immediate Annuity (SPIA) Application Cheques must be made payable to Transamerica Life Canada Highlighted sections must be completed to avoid delay Not available for corporate ownership

More information

GUIDELINE NO.X DEFINED CONTRIBUTION PENSION PLANS GUIDELINE

GUIDELINE NO.X DEFINED CONTRIBUTION PENSION PLANS GUIDELINE GUIDELINE NO.X DEFINED CONTRIBUTION PENSION PLANS GUIDELINE JULY 13, 2012 Table of Contents PURPOSE... 3 EXISTING CAPSA GUIDANCE RELATED TO DC PENSION PLANS... 3 APPLICATION OF THE DC PENSION PLANS GUIDELINE...

More information

Brock University Pension Plan

Brock University Pension Plan Brock University Pension Plan Contents Part 1: Your future is worth the investment 3 For more information 3 Part 2: Welcome to the pension plan 4 A hybrid plan 4 More than a retirement benefit 4 Who pays

More information

Information Folder and Annuity Policy Client Document Package M.V.P. - RIF. insured by Sun Life Assurance Company of Canada

Information Folder and Annuity Policy Client Document Package M.V.P. - RIF. insured by Sun Life Assurance Company of Canada Information Folder and Annuity Policy Client Document Package Sun Life Assurance Company of Canada M.V.P. - RIF managed by CI Investments Inc. insured by Sun Life Assurance Company of Canada Important

More information

EMPIRE CLASS SEGREGATED FUNDS INFORMATION FOLDER AND POLICY PROVISIONS THE EMPIRE LIFE INSURANCE COMPANY

EMPIRE CLASS SEGREGATED FUNDS INFORMATION FOLDER AND POLICY PROVISIONS THE EMPIRE LIFE INSURANCE COMPANY THE EMPIRE LIFE INSURANCE COMPANY EMPIRE CLASS SEGREGATED FUNDS INFORMATION FOLDER AND POLICY PROVISIONS This document contains the information folder and the contract provisions for the Empire Class Segregated

More information

G You are totally and permanently disabled. If you have checked this box, complete Sections III, IV and V of this application.

G You are totally and permanently disabled. If you have checked this box, complete Sections III, IV and V of this application. THE NATIONAL ASBESTOS WORKERS SUPPLEMENTAL PENSION PLAN BENEFIT APPLICATION For Distributions Over $5,000 INSTRUCTIONS: Please read this application carefully and completely before answering any questions.

More information

1999 Academic Pension Plan

1999 Academic Pension Plan 1999 Academic Pension Plan TABLE OF CONTENTS Introduction... 3 Eligibility... 3 Enrolling in the Plan... 3 Contributions... 3 Defined Benefit Component:... 3 Defined Contribution Component:... 4 Other

More information

Sun Life Assurance Company of Canada

Sun Life Assurance Company of Canada Sun Life Assurance Company of Canada Sun Guaranteed Investment Fund Solutions Income Series supplement Information folder and individual variable annuity contract issued by Sun Life Assurance Company of

More information

INVESTMENT APPLICATION

INVESTMENT APPLICATION VERSION DATE: JUNE 2011 INVESTMENT APPLICATION SINGLE PREMIUM IMMEDIATE ANNUITY Policy Number ANY AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE OWNER AND MAY INCREASE OR

More information

This rule was filed as 13 NMAC 9.3. LIFE INSURANCE AND ANNUITIES VARIABLE ANNUITY CONTRACTS

This rule was filed as 13 NMAC 9.3. LIFE INSURANCE AND ANNUITIES VARIABLE ANNUITY CONTRACTS This rule was filed as 13 NMAC 9.3. TITLE 13 CHAPTER 9 PART 3 INSURANCE LIFE INSURANCE AND ANNUITIES VARIABLE ANNUITY CONTRACTS 13.9.3.1 ISSUING AGENCY: New Mexico State Corporation Commission [Public

More information

For advisor use only Advisor Guide

For advisor use only Advisor Guide For advisor use only Advisor Guide RBC Payout Annuities 2 RBC Payout Annuities: Advisor guide What you and your clients need to know about payout annuities In an uncertain financial world where guarantees

More information

CANADIAN MERCHANT SERVICE GUILD WESTERN BRANCH PENSION PLAN (Towboats)

CANADIAN MERCHANT SERVICE GUILD WESTERN BRANCH PENSION PLAN (Towboats) CANADIAN MERCHANT SERVICE GUILD WESTERN BRANCH PENSION PLAN (Towboats) 2004 Printed April 2005 Table of contents ABOUT THE PENSION PLAN... 5 PERSONAL INFORMATION... 7 FUNDING... 9 Required member contributions...

More information

Bermuda s National Pension Scheme

Bermuda s National Pension Scheme Bermuda s National Pension Scheme Foreword This Memorandum has been prepared for the assistance of anyone who is considering issues relating to pensions in Bermuda. It deals in broad terms with the requirements

More information

Ten Year Term Life Insurance Renewable Term

Ten Year Term Life Insurance Renewable Term Ten Year Term Life Insurance Renewable Term Premiums are Guaranteed for the Life of the Contract Convertible Non-Participating Western Life Assurance Company P.O. Box 3300 Winnipeg, Manitoba R3C 5S2 A

More information

Your Payout Annuity policy

Your Payout Annuity policy 64075528 Your Payout Annuity policy In this document, "you" and "your" means the owner of this policy, or the policyholder. "We", "our", "us" and the "Company" means Sun Life Assurance Company of Canada.

More information

Banner Life Insurance Company. 3275 Bennett Creek Avenue. Frederick, Maryland 21704. 800-638-8428. [Jane Doe], or subsequently changed by the Owner

Banner Life Insurance Company. 3275 Bennett Creek Avenue. Frederick, Maryland 21704. 800-638-8428. [Jane Doe], or subsequently changed by the Owner RENEWABLE AND CONVERTIBLE TERM LIFE INSURANCE. Banner Life Insurance Company. 3275 Bennett Creek Avenue. Frederick, Maryland 21704. 800-638-8428 Insured - [John Doe] Face Amount - [$1,000,000] Policy Number

More information

EMPIRE LIFE GUARANTEED INVESTMENT FUNDS 75/75 AND GUARANTEED INVESTMENT FUNDS 75/100 INFORMATION FOLDER AND CONTRACT PROVISIONS

EMPIRE LIFE GUARANTEED INVESTMENT FUNDS 75/75 AND GUARANTEED INVESTMENT FUNDS 75/100 INFORMATION FOLDER AND CONTRACT PROVISIONS THE EMPIRE LIFE INSURANCE COMPANY EMPIRE LIFE GUARANTEED INVESTMENT FUNDS 75/75 AND GUARANTEED INVESTMENT FUNDS 75/100 INFORMATION FOLDER AND CONTRACT PROVISIONS This document contains the information

More information

Life Income Fund Addendum Part 1. Interpretation

Life Income Fund Addendum Part 1. Interpretation Interpretation Life Income Fund Addendum Part 1 Interpretation 1(1) The following terms, used in this addendum, have the meanings respectively given them as indicated below, except where the context otherwise

More information

Payout Annuity. product guide

Payout Annuity. product guide Table of contents What is a Single Premium Annuity?............................................................................. 2 Who will benefit from a Payout Annuity?.......................................................................

More information

Terms of Participation

Terms of Participation Terms of Participation Introduction Effective January 1, 2011, the OMERS Primary Pension Plan ( Primary Plan ) was amended to add an additional voluntary contribution provision (i.e., the AVC Provision

More information

SAMPLE. means the age of a Life Insured on his or her nearest birthday.

SAMPLE. means the age of a Life Insured on his or her nearest birthday. DEFINITIONS The following are definitions of some of the terms used in your Equimax Whole Life policy. If you need additional information or clarification please call one of our Individual Customer Service

More information

Retirement income. Disbursement products Annuities, RRIFs and LIFs

Retirement income. Disbursement products Annuities, RRIFs and LIFs Retirement income Disbursement products Annuities, RRIFs and LIFs Disbursement products Make the most of your new lifestyle without financial worries For years now, you have been saving to build retirement

More information

2. The following is substituted for the answer to the question How do I apply for a loan? in the Section entitled Loans:

2. The following is substituted for the answer to the question How do I apply for a loan? in the Section entitled Loans: TO OUR EMPLOYEES: We wish to announce that the Mission Health System Employee Retirement Plan ( Plan ) has been amended, effective June 1, 2015, to change the automatic form of benefit. Therefore, in order

More information

EMPLOYEE LIFE INSURANCE

EMPLOYEE LIFE INSURANCE EMPLOYEE LIFE INSURANCE Life Benefit The Insurer will pay the amount of life insurance in force on the employee at the date of death provided that the Insurer receives due proof that the employee died

More information

Plan at a glance: University of Saskatchewan Group Retirement Fund Prescribed Retirement Income Fund PRIF Registered Retirement Income Fund RRIF

Plan at a glance: University of Saskatchewan Group Retirement Fund Prescribed Retirement Income Fund PRIF Registered Retirement Income Fund RRIF Plan at a glance: Group Retirement Prescribed Retirement Income PRIF Registered Retirement Income RRIF Your plan at a glance We know how hard you have saved for your future. Now it s time for you to make

More information

STATE EMPLOYEES RETIREMENT SYSTEM - DEFINED BENEFIT PLANS -

STATE EMPLOYEES RETIREMENT SYSTEM - DEFINED BENEFIT PLANS - STATE EMPLOYEES RETIREMENT SYSTEM - DEFINED BENEFIT PLANS - PROCEDURES AND GUIDELINES FOR DETERMINING QUALIFIED STATUS OF A DOMESTIC RELATIONS ORDER I. INTRODUCTION The State Employees Retirement System

More information

5305-RA (07/09) Roth Individual Retirement Custodial Account [under Section 408(A) of the Internal Revenue Code]

5305-RA (07/09) Roth Individual Retirement Custodial Account [under Section 408(A) of the Internal Revenue Code] 5305-RA (07/09) Roth Individual Retirement Custodial Account [under Section 408(A) of the Internal Revenue Code] The Depositor whose name appears on the form establishing this IRA (the Form ) is establishing

More information

IIPRC-A-02-I-GLB ADDITIONAL STANDARDS FOR GUARANTEED LIVING BENEFITS FOR INDIVIDUAL DEFERRED NON-VARIABLE ANNUITIES

IIPRC-A-02-I-GLB ADDITIONAL STANDARDS FOR GUARANTEED LIVING BENEFITS FOR INDIVIDUAL DEFERRED NON-VARIABLE ANNUITIES IIPRC-A-02-I-GLB ADDITIONAL STANDARDS FOR GUARANTEED LIVING BENEFITS FOR INDIVIDUAL DEFERRED NON-VARIABLE ANNUITIES 1. Date Adopted: February 22, 2010 2. Purpose and Scope: These standards apply to guaranteed

More information

CHAPTER 26.1-34 ANNUITIES

CHAPTER 26.1-34 ANNUITIES CHAPTER 26.1-34 ANNUITIES 26.1-34-01. Required annuity contract provisions relating to cessation of payment of considerations by contractholder. In the case of annuity contracts issued after June 30, 1979,

More information

I request a refund in accordance with paragraph 7(b); or

I request a refund in accordance with paragraph 7(b); or CIBC RETIREMENT SAVINGS PLAN AGREEMENT 1. ESTABLISHMENT OF PLAN: Canadian Imperial Bank of Commerce ( CIBC ) agrees to hold on deposit in a CIBC Retirement Savings Plan (the Plan ) contributions received

More information

Planning Retirement. Information for BCGEU Pension Plan Members

Planning Retirement. Information for BCGEU Pension Plan Members Planning Retirement Information for BCGEU Pension Plan Members January 2012 PAGE ONE PAGE TWO PAGE THREE PAGE FOUR PAGE FIVE PAGE SIX PAGE SEVEN PAGE EIGHT PAGE NINE PAGE TWELVE TABLE OF CONTENTS Preparing

More information

Private Capital Solutions. Tax-Free Savings Accounts (TFSA) Registered Retirement Savings Plans (RRSP)

Private Capital Solutions. Tax-Free Savings Accounts (TFSA) Registered Retirement Savings Plans (RRSP) Private Capital Solutions Tax-Free Savings Accounts (TFSA) Registered Retirement Savings Plans (RRSP) Computershare Forms Guide On the following pages you will find these applications forms. Tax-Free Savings

More information

GOLD CROSS SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION

GOLD CROSS SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION GOLD CROSS SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...

More information

SENTINEL RETIREMENT FUND RULES

SENTINEL RETIREMENT FUND RULES SENTINEL RETIREMENT FUND RULES November 2013 TABLE OF CONTENTS PAGE 1. INTRODUCTION... 1 2. DEFINITIONS... 2 3. MEMBERSHIP... 8 4. CONTRIBUTIONS... 11 4.1 Contributions by MEMBERS and EMPLOYERS... 11 4.2

More information

ADDITIONAL STANDARDS FOR GUARANTEED MINIMUM DEATH BENEFITS for Individual Deferred Variable Annuities

ADDITIONAL STANDARDS FOR GUARANTEED MINIMUM DEATH BENEFITS for Individual Deferred Variable Annuities ADDITIONAL STANDARDS FOR GUARANTEED MINIMUM DEATH BENEFITS for Scope: These standards apply to guaranteed minimum death benefits (GMDB) that are built into individual deferred variable annuity contracts

More information

Pension. Plan. Canada Safeway Division. for further information. United Food and Commercial Workers Union

Pension. Plan. Canada Safeway Division. for further information. United Food and Commercial Workers Union United Food and Commercial Workers Union for further information Plan Administrator: William M. Mercer Suite #860, One Bentall Centre 505 Burrard Street Vancouver, BC, V7X 1M4 Pension Plan Canada Safeway

More information

Biola University Defined Contribution Retirement Plan

Biola University Defined Contribution Retirement Plan Biola University Defined Contribution Retirement Plan Table of Contents ARTICLE I ARTICLE II ARTICLE III ARTICLE IV ARTICLE V ARTICLE VI ARTICLE VII ARTICLE VIII ARTICLE IX ARTICLE X Definitions...3 Establishment

More information

VERSATILE PORTFOLIOS NAVIGATOR KEY FACTS

VERSATILE PORTFOLIOS NAVIGATOR KEY FACTS information folder This information folder is not an insurance contract. Versatile Portfolios Navigator Individual Variable Insurance Contracts are issued by Co-operators Life Insurance Company. VERSATILE

More information

BENEFIT DISTRIBUTION REQUEST FORM (For Distributions due to Termination, Death, Disability, and Retirement) Date: EIN: 16-6184130 TIN: 611256314

BENEFIT DISTRIBUTION REQUEST FORM (For Distributions due to Termination, Death, Disability, and Retirement) Date: EIN: 16-6184130 TIN: 611256314 BENEFIT DISTRIBUTION REQUEST FORM (For Distributions due to Termination, Death, Disability, and Retirement) : EIN: 16-6184130 TIN: 611256314 Plan Name: UFCW LOCAL ONE 401(K) SAVINGS PLAN Participant Data

More information

Teachers Retirement Association. Marriage Dissolution: Dividing TRA Benefits

Teachers Retirement Association. Marriage Dissolution: Dividing TRA Benefits Teachers Retirement Association Marriage Dissolution: Dividing TRA Benefits Marriage Dissolution: Dividing TRA Benefits Preface This booklet is designed to give all parties involved in a marriage dissolution

More information

Pension Plan Benefits on Retirement

Pension Plan Benefits on Retirement Pension Plan Benefits on Retirement MARCH 2014 What is inside How is Your Pension Benefit Determined? Assumptions used in Preparing a Pension Estimate... 2 Formula Pension...............................................................................

More information

CHAPTER 428. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey:

CHAPTER 428. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: CHAPTER 428 AN ACT concerning retirement benefits for members of the Police and Firemen's Retirement System of New Jersey, amending various parts of the statutory law and supplementing P.L.1944, c.255.

More information

Pension Annuity (including the Enhanced Pension Annuity)

Pension Annuity (including the Enhanced Pension Annuity) Pension Annuity (including the Enhanced Pension Annuity) Terms and Conditions Retirement Investments Insurance Health Retirement Investments Insurance Health Retirement Investments Insurance Health Welcome

More information

The Revised Pension Plan of

The Revised Pension Plan of The Revised Pension Plan of A Guide to the Pension Plan for Queen s Staff and Faculty Prepared by Pension Services, Department of Human Resources Fleming Hall, Stewart-Pollock Wing 78 Fifth Field Company

More information

Consider the AVC Option. An exclusive retirement savings opportunity for OMERS members

Consider the AVC Option. An exclusive retirement savings opportunity for OMERS members Consider the AVC Option An exclusive retirement savings opportunity for OMERS members Important! This guide provides important information for OMERS members about contributing to the Additional Voluntary

More information

TRADITIONAL IRA DISCLOSURE STATEMENT

TRADITIONAL IRA DISCLOSURE STATEMENT TRADITIONAL IRA DISCLOSURE STATEMENT TABLE OF CONTENTS REVOCATION OF ACCOUNT... 1 STATUTORY REQUIREMENTS... 1 (1) Qualification Requirements... 1 (2) Required Distribution Rules... 1 (3) Approved Form....

More information

Investment funds information folder

Investment funds information folder Investment funds information folder Great-West Life investment plans Investment funds information folder October 2015 This document is not an insurance contract. This information folder is not an insurance

More information

The Pension Benefits Regulations, 1993

The Pension Benefits Regulations, 1993 1 The Pension Benefits Regulations, 1993 being Chapter P-6.001 Reg 1 (effective January 1, 1993) as amended by an Errata Notice (published in The Saskatchewan Gazette August 27, 1993) and by Saskatchewan

More information

Retirement Income Options

Retirement Income Options Retirement Income Options How will you spend your retirement? Table of Contents Introduction...4 Retirement Considerations...5 Other Considerations...8 Entering Retirement...9 Retirement Income Options...10

More information

Self-Directed Retirement Savings Plan Application

Self-Directed Retirement Savings Plan Application Self-Directed Retirement Savings Plan Application Annuitant Information Last Name, First Name and Initial Mr. Mrs. Ms. Miss Dr. (circle one) Street Address Apt. Date of Birth (mm/dd/yyyy) City Province

More information

INDIVIDUAL SINGLE PREMIUM DEFERRED ANNUITY CONTRACT

INDIVIDUAL SINGLE PREMIUM DEFERRED ANNUITY CONTRACT GENWORTH LIFE INSURANCE COMPANY Administrative Office 3100 Albert Lankford Drive Lynchburg, VA 24501 4948 INDIVIDUAL SINGLE PREMIUM DEFERRED ANNUITY CONTRACT This annuity is a legal contract between you

More information

ROTH IRA REQUIREMENTS

ROTH IRA REQUIREMENTS Regarding Roth Individual Retirement Annuity (IRA) Plans Described in Section 408A of the Internal Revenue Code This Disclosure Statement ( Disclosure ) presents a general overview of the federal laws

More information

Be it enacted by the People of the State of Illinois,

Be it enacted by the People of the State of Illinois, AN ACT concerning insurance. Be it enacted by the People of the State of Illinois, represented in the General Assembly: Section 5. The Illinois Insurance Code is amended by changing Sections 223 and 229.2

More information

COMMON SENSE FUNDS INFORMATION FOLDER

COMMON SENSE FUNDS INFORMATION FOLDER COMMON SENSE FUNDS INFORMATION FOLDER This is not an insurance contract Asset Builder Funds II* VII Cash Management Fund Strategic Retirement Income Fund Offered by: Primerica Life Insurance Company of

More information

Annuity Policy. issued by Transamerica Life Canada

Annuity Policy. issued by Transamerica Life Canada issued by Transamerica Life Canada Annuity Policy ANY AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE OWNER AND MAY INCREASE OR DECREASE IN VALUE. TRANSAMERICA LIFE CANADA

More information

Application for Fixed and Life Annuity For registered and non registered contract

Application for Fixed and Life Annuity For registered and non registered contract POU Client Services Tel. 506-853-6040/1-888-577-7337 Fax 506-853-9369/1-855-577-3864 financial.services@assumption.ca Application for Fixed and Life Annuity For registered and non registered contract 1.

More information

ROTH IRA DISCLOSURE STATEMENT

ROTH IRA DISCLOSURE STATEMENT Regarding Roth Individual Retirement Annuity (IRA) Plans Described in Section 408A of the Internal Revenue Code This Disclosure Statement presents a general review of federal laws applicable to your Roth

More information