1 These Regulations may be cited as the Pension Benefits Standards Regulations, 1985.
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(5) A letter of credit shall be an irrevocable and unconditional standby letter of credit that
(e) provides that
(ii) it will, in accordance with these Regulations, be renewed, replaced or allowed to expire without renewal or replacement, and
(iii) it may not be
(B) amended except
(IV) to decrease the face value in accordance with these Regulations;
(8) The trust agreement shall provide that
(i) the trustee shall not make a demand for payment if a letter of credit expires without being renewed or if the face value is being reduced, in accordance with these Regulations; and
(j) the administrator shall notify the trustee of any circumstance in which a letter of credit may expire or when the face value of a letter of credit may be reduced, under these Regulations.
6 Attestation of Spouse or Common-law Partner
I understand that
(b) as long as these funds are kept in that federally regulated locked-in plan, I may have a right to a share of these funds if there is a breakdown in our relationship or if the owner dies;
A description of any adjustments to benefits and the reasons for these adjustments
20.3 (1) The contract or arrangement establishing a restricted life income fund shall
(l) provide that, in the calendar year in which the holder of the restricted life income fund reaches 55 years of age or in any subsequent calendar year, the funds may be paid to the holder in a lump sum if
(i) the holder certifies that the total value of all assets in all locked-in registered retirement savings plans, life income funds, restricted locked-in savings plans and restricted life income funds that were created as a result of the transfer of pension benefit credits under section 16.4 or 26 of the Act, a transfer under these Regulations or a transfer under section 50, 53 or 54 of the Pooled Registered Pension Plans Act or the Pooled Registered Pension Plans Regulations, is less than or equal to 50% of the Year’s Maximum Pensionable Earnings, and
