Assessment of Pension Plans Regulations

1 (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 or is filed for registration under section 10 of the Pension Benefits Standards Act, 1985, a member, a survivor, a person who has either ceased membership in the plan or retired and any other person who is entitled to pension benefits, if the member, survivor or person has not, before the termination of the plan, transferred their pension benefit credit or purchased an immediate or deferred life annuity under section 26 of that Act; and

• (b) in respect of a pension plan that has been registered under section 12 of the Pooled Registered Pension Plans Act, a member of the plan or a survivor who holds an account with the plan. (bénéficiaire)

cessation of membership

cessation of membership has the same meaning as in subsection 2(1) of the Pension Benefits Standards Act, 1985. (fin de participation)

member

member, 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. (participant)

number of beneficiaries

number of beneficiaries means the number of beneficiaries

• (a) in respect of a pension plan that is filed for registration under section 10 of the Pension Benefits Standards Act, 1985, on the day on which a copy of it is filed; and

• (b) in respect of a pension plan that has been registered under section 10 of the Pension Benefits Standards Act, 1985 or section 12 of the Pooled Registered Pension Plans Act, at the end of the preceding pension plan year. (nombre de bénéficiaires)

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plan[Repealed, SOR/2016-275, s. 2]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 has the same meaning as in subsection 2(1) of the Pension Benefits Standards Act, 1985. (retraite)

survivor

survivor, 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. (survivant)

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]