Examples of Pension Legislation in a sentence
Such application by the Annuitant must be in the form and manner required by Pension Legislation, and, if the Annuitant has a Spouse on the date the Annuitant signs the application, must be accompanied by a waiver by the Spouse, in the form and manner required by Pension Legislation.
Within 30 days after receipt of a transfer to the Fund, the Trustee will provide the Annuitant with the information as specified in the Pension Legislation.
In addition to the rules imposed by the Act, a life annuity purchased with the property of the Plan must comply with Pension Legislation and must be established for the Annuitant’s life.
The Annuitant may apply to the Trustee for a lump sum payment or for a transfer to a registered retirement savings plan or registered retirement income fund, equal to the value of the entire contract if the Annuitant is at least 55 years old and the value of the Annuitant’s assets in all LRSPs, RLSPs, LIFs, and RLIFs governed by Pension Legislation is less than 50 percent of the year’s maximum pensionable earnings under the Canada Pension Plan for that calendar year.
However, if the Annuitant has a Spouse on the date payments under the life annuity begin, the life annuity must be established for the lives jointly of the Annuitant and the Annuitant’s Spouse, unless the Annuitant and the Spouse have provided a waiver in the manner required by Pension Legislation.