RLSP definition

RLSP means a “restricted locked-in savings plan” as defined in Pension Legislation;

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RLSP means the Regional Learning and Skills Partnership for Mid Wales established to support the delivery of a post-16 learning environment which is fit for purpose for the economic area involved in the Growing Mid Wales Partnership and whose terms of reference are set out in Schedule 4;

RLSP. – means a restricted locked-in savings plan that can only be established as a result of a transfer of funds from an RLIF

Examples of RLSP in a sentence

• 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 RLSP or an RLIF, or used to purchase a life annuity in accordance with paragraph 60(l) of the Act.

• Subject to any restrictions imposed by the Act, the property of the Plan may be transferred to the issuer of an RPP, an RLSP, an RLIF or a life annuity, including an equivalent vehicle governed by provincial pension legislation.

• If consensus cannot be reached, the Chair of the RLSP Board shall ask for a vote and a simple majority shall carry the vote.

• Therefore, the RLSP Board shall endeavour to arrive at a decision on matters by consensus.

• 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.

• Request for Registration (Must be completed for RSP, LIRA, Locked-In RSP, RLSP, LIF, LRIF, PRIF and RLIF Contracts) ❍ Yes, Sun Life Assurance Company of Canada is requested to register the above policy as a Retirement Savings Plan under the Income Tax Act (Canada) and under any applicable provincial legislation.

• Every member should respect confidentiality, and where relevant ensure that confidential material is protected and that it is not used without permission from the RLSP Board (as a collective) or for private purposes.

• However, where executive authority is required, decisions shall be referred to the decision making bodies of individual authorities/stakeholders for consideration and the outcomes of these considerations shall be reported back to the RLSP Board.

• If necessary, the Chair of the RLSP Board shall ask for a second vote or shall use their casting vote.

• All amounts transferred into your Scotia Self-Directed LRSP, LIRA or Federal RLSP must be locked-in, meaning that your access to them is restricted by applicable pension legislation and must comply with applicable tax legislation.

More Definitions of RLSP

RLSP means a restricted locking-in savings plan contract as defined in Applicable Pension Legislation;

RLSP or the “Plan” means the restricted locked-in 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 20.2 of the Regulations;