Examples of Trustee in a sentence
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.
Xxxxxxxxxx, Xx., Trustee of the Amended and Restated Trust Agreement for the Xxxxxx X.
The Annuitant may apply to the Trustee for a lump sum withdrawal if the Annuitant has moved away from Canada permanently and has been absent from Canada for at least 2 years.
The Trustee will provide the Annuitant with 90 days written notice (including notice of the Annuitant’s entitlement to transfer the property out of the Plan) of any amendment that reduces benefits under the Plan.
The Trustee will not accept any transfers to the Plan from a source or in circumstances not permitted by Pension Legislation.