Registered Retirement Income Fund definition

Registered Retirement Income Fund means a deposit held in a registered retirement income fund;
Registered Retirement Income Fund or “RRIF” means a Contract registered under the Income Tax Act and established as a “retirement income fund” for tax purposes; additional requirements apply to the minimum amount which must be withdrawn annually;
Registered Retirement Income Fund or “RRIF” means a Contract registered under the Income Tax Act and established as a “retirement income fund” for tax purposes; additional requirements apply to the minimum amount which must be withdrawn annually. See Section 6 of the Contract for further details;

Examples of Registered Retirement Income Fund in a sentence

  • The Board of Directors considers, approves, and if necessary prorates requests for redemption, with redemption requests of the estate of deceased members, expelled members, members who must withdraw a minimum annual amount from their shares held in a Registered Retirement Income Fund and members who must transfer their shares held in a Registered Retirement Savings Plan to a Registered Retirement Income Fund taking priority.

  • To the extent allowed by the Income Tax Act (Canada) and its Regulations, the lump sum will be paid as a retiring allowance which may allow for some or all to be deposited to a Registered Retirement Savings Plan or to a Registered Retirement Income Fund.

  • The Life Income Fund is a type of retirement income plan that is similar to the Registered Retirement Income Fund (RIFF).

  • Under certain circumstances, pension money may be transferred to a prescribed Registered Retirement Income Fund (“pRRIF”) that complies with the requirements of Section 29.1 of the Regulations or to an existing Pooled Retirement Income Account (“PRIA”) that complies with the requirements of The Pooled Registered Pension Plans (Saskatchewan) Act (the “PRPP Act”) and The Pooled Registered Pension Plans (Saskatchewan) Regulations (the “PRPP Regulations”).

  • Former members of the University pension plans may allocate all or a portion of their entitlement accrued under the pension plans to either a Registered Retirement Income Fund ("RRIF"), a Life Income Fund ("LIF") or a Locked in Retirement Income Fund ("LRIF").

  • If registered, the Fund will be a Registered Retirement Income Fund ("RRIF") and you will be known for the purposes of Applicable Tax Legislation as the "Annuitant", who is the fundholder of the Fund.

  • Members in the Money Purchase account, Registered Retirement Income Fund (“RRIF”) type payment account or Life Income Fund (“LIF”) type payment account can choose to invest their individual account balances in a balanced fund, bond fund, short-term investment fund, or two equity funds.

  • The Prescribed Registered Retirement Income Fund (PRRIF) designated the SSQ PRRIF is described in the SSQ PRRIF Rider.

  • The RRIF-type payment account represents assets held by the Plan for the individual accounts of retired members receiving Registered Retirement Income Fund type payments administered by the Plan.

  • For example a Registered Retirement Income Fund (RRIF) may be managed as an Income Mandate, whereas a Registered Education Savings Plan (RESP) may fall under a Growth Mandate.


More Definitions of Registered Retirement Income Fund

Registered Retirement Income Fund or “rrIF” means a Contract registered under the Income Tax Act and established as a “retirement income fund” for tax purposes; additional requirements apply to the minimum amount which must be withdrawn annually;
Registered Retirement Income Fund or “RRIF” means a contract that is registered as a retirement income fund pursuant to the Income Tax Act;
Registered Retirement Income Fund means a fund accepted as such by the Minister of Revenue of Canada for the purposes of the Income Tax Act and the registration of which is in force ;” ;
Registered Retirement Income Fund means a retirement arrangement registered under Section 146 of the Income Tax Act.

Related to Registered Retirement Income Fund

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Retirement home means a building used for living quarters for more than seven persons who are 65 years or older;

  • Individual retirement account means an individual retirement account under Section 408 of the Code, a Roth IRA under Section 408A of the Code, a simplified employee pension under Section 408(k) of the Code or a simple retirement account for employees under Section 408(p) of the Code.

  • Retirement fund means the "Washington law enforcement

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Foreign Benefit Event means, with respect to any Foreign Pension Plan, (a) the existence of unfunded liabilities in excess of the amount permitted under any applicable Law or in excess of the amount that would be permitted absent a waiver from applicable Governmental Authority or (b) the failure to make the required contributions or payments, under any applicable Law, on or before the due date for such contributions or payments.

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • Disability retirement for plan 1 members, means the period

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Defined Benefit Plan Fraction means a fraction, the numerator of which is the projected annual benefit (determined as of the close of the relevant Plan Year) of the Participant under all Defined Benefit Plans maintained by one or more Related Companies, and the denominator of which is the lesser of (i) the product of 1.25 multiplied by the dollar limitation in effect under Section 415(b)(1)(A) of the Code for the Plan Year, or (ii) the product of 1.4 multiplied by the amount which may be taken into account under Section 415(b)(1)(B) of the Code with respect to the Participant for the Plan Year.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • the Contributions and Benefits Act means the Social Security Contributions and Benefits Act 1992;

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Foreign Employee Benefit Plan means any employee benefit plan as defined in Section 3(3) of ERISA which is maintained or contributed to for the benefit of the employees of the Company, any of its respective Subsidiaries or any members of its Controlled Group and is not covered by ERISA pursuant to ERISA Section 4(b)(4).

  • Compensation and Benefit Plans has the meaning set forth in Section 5.03(m).