Canadian Press Pension Plan Solvency Deficiency Funding Regulations, 2010 (SOR/2010-245)

1 (1) The following definitions apply in these Regulations.

Act

Act means the Pension Benefits Standards Act, 1985. (Loi)

aggregate amount of deferred special payments

aggregate amount of deferred special payments means the sum of the amounts considered to be owed to the pension fund under section 8 of the Canadian Press Pension Plan Solvency Deficiency Funding Regulations and the portion of special payments that have been deferred under subsection 6(1) of the Solvency Funding Relief Regulations, including interest. (total des paiements spéciaux différés)

beneficiary

beneficiary means a member or a former member of the Canadian Press pension plan or any other person who is entitled to pension benefits under that plan except

• (a) a former member who has transferred all of their pension benefit credits under section 26 of the Act;

• (b) a former member who used their pension benefit credits to purchase a life annuity under section 26 of the Act;

• (c) a former member who has had their pension benefits transferred to another plan; and

• (d) a former member for whom the administrator has purchased an immediate or deferred life annuity. (bénéficiaire)

Canadian Press pension plan

Canadian Press pension plan means the Canadian Press Pension Plan for Employees Represented by the Canadian Media Guild, registered under the Act as number 56945 and the Pension Plan of the Canadian Press, registered under the Act as number 56457. (régime de retraite de la Presse canadienne)

subsidized portion of early retirement benefits

subsidized portion of early retirement benefits means the amount by which an early retirement benefit that is payable to a former member under the Canadian Press pension plan with the consent of the employer or the administrator exceeds the amount of an early retirement benefit that would have been payable to that member without that consent. (partie subventionnée des prestations de retraite anticipée)

(2) Except as otherwise provided in these Regulations, words and expressions used in these Regulations have the same meaning as in the Pension Benefits Standards Regulations, 1985 and the Solvency Funding Relief Regulations.

(3) In the case of an inconsistency between these Regulations and the Pension Benefits Standards Regulations, 1985, or the Solvency Funding Relief Regulations, these Regulations prevail.