LRSP definition

LRSP means a “LRSP” or “locked-in retirement savings plan” as defined in Pension Legislation and, where those terms are not defined, means a registered retirement savings plan that satisfies the conditions under Pension Legislation for receiving funds that originate from an RPP;

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LRSP. – means a locked-in RRSP which contains provisions required under applicable pension legislation that restrict the holder’s access to the funds because they originated from a registered pension Plan governed by the applicable pension legislation.

LRSP means the Local Rent Supplement Program administered by the District of Columbia Housing Authority.

Examples of LRSP in a sentence

• If locked-in Plan Assets are transferred to the Plan in accordance with applicable provincial or federal pension legislation, the additional provisions contained in the Locked-In Retirement Account ("LIRA") or Locked-In Retirement Savings Plan ("LRSP") addendum (the "Addendum") to this Declaration of Trust will form part of this Declaration of Trust and will govern the Plan Assets.

• Only property representing locked-­‐in funds originating, directly or indirectly, from an RPP, a LRSP, a life annuity the capital of which originated from an RPP, or another source permitted by the Act and Pension Legislation from time to time, may be transferred to the Fund.

• From time to time, the Trustee may amend the Declaration of Trust (including this Addendum), if the amendment does not disqualify the Plan as a LRSP and if the amendment is filed with and approved by Canada Revenue Agency and applicable provincial authorities.

• Your spouse may transfer the funds to another LRSP or LIRA, or to a LRIF, LIF, life annuity or any other permitted retirement income vehicle available under the applicable pension legislation or, if permitted under applicable pension legislation, receive the funds in a lump sum cash payment.

• Only property representing locked-in funds originating, directly or indirectly, from an RPP, a LRSP, a life annuity the capital of which originated from an RPP, or another source permitted by the Act and Pension Legislation from time to time, may be transferred to the Fund.

• If Pension Legislation permits or requires the surviving Spouse to receive a life annuity rather than a lump sum payment, the surviving Spouse may instruct the Trustee to transfer the property of the Fund to an LRSP, a LIF, an RLIF or life annuity as permitted by Pension Legislation and paragraph 60(l) of the Act.

• Subject to any restrictions imposed by the Act and by Pension Legislation, and after payment to the Annuitant of the minimum amount for the year, the property of the Fund may be transferred to a LRSP, a LIF or an RLIF, or used to purchase a life annuity in accordance with paragraph 60(l) of the Act.

• The surviving Spouse may instruct the Trustee to transfer the property of the Plan to an LRSP, a LIF, an RLIF or life annuity as permitted by Pension Legislation and paragraph 60(l) of the Act.

• The surviving Spouse may instruct the Trustee to transfer the property of the Plan to a LRSP, an RLSP, a LIF, an RLIF, an RPP or a life annuity as permitted by Pension Legislation and paragraph 60(l) of the Act.

• If Pension Legislation permits or requires the surviving Spouse to receive a life annuity the Fund to an LRSP, a LIF, an RLIF or a life annuity as permitted by Pension Legislation and paragraph 60(l) of the Act.

More Definitions of LRSP

LRSP or the “Plan” means the locked-in registered retirement savings plan that is a registered retirement savings plan established pursuant to the Application Form by the Annuitant with AGF Investments Inc. as agent for B2B Trustco as trustee and issuer, the whole as defined in section 146(1) of the Tax Act, that meets the requirements set out in section 20 of the Regulations;