1 These Regulations may be cited as the Pension Benefits Division Regulations.
2 (1) In these Regulations,
valuation day means the day in respect of which the determination of the value of a member’s pension benefits is made pursuant to these Regulations; (date d’évaluation)
(2) For the purposes of these Regulations, a member’s pension plan is the plan in respect of which an application for a division or a request for information has been made.
(3) For the purposes of these Regulations, pensionable service to the credit of a member under the member’s pension plan accrued during the period subject to division includes
(4) For the purposes of these Regulations, except section 18, if a member of a pension plan referred to in paragraph (a) of the definition pension plan in section 2 of the Act is subject to a retirement compensation arrangement established under section 10 or 11 of the Special Retirement Arrangements Act and is required to contribute to or is eligible to receive benefits from the Retirement Compensation Arrangements Account, and those benefits are determined by reference to the benefits payable under that pension plan, the pension benefits accrued under that retirement compensation arrangement are considered to have been accrued under that pension plan.
(a) the day on which these Regulations are made, and
19 (1) In this Part, division factor is 0.5, except that
(a) where the amount transferred is a lump sum amount referred to in subsection 8(4) of the Act, the division factor is equal to the product of
(A / B) × 0.5
2.1 For the purposes of these Regulations, a member is considered vested if the member is entitled to receive a pension or would be entitled to receive a pension if he or she ceases to be employed.