Assessment of Pension Plans Regulations

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

Act

Act means the Office of the Superintendent of Financial Institutions Act; (Loi)

beneficiary

beneficiary means a member, a survivor, a person who has either ceased membership in a pension plan or retired and any other person who is entitled to pension benefits and has not, before the termination of the plan, transferred their pension benefit credit under section 26 of the Pension Benefits Standards Act, 1985 or purchased an immediate or deferred life annuity. (bénéficiaire)

number of beneficiaries

number of beneficiaries means the total number of beneficiaries

• (a) in respect of a plan that is filed for registration under section 10 of the Pension Benefits Standards Act, 1985, at the time the plan is filed for registration, or

• (b) in respect of a plan that has been registered under the Pension Benefits Standards Act, 1985, at the end of last plan year. (nombre de bénéficiaires)

plan

plan means a registered pension plan and a pension plan that has been filed for registration under section 10 of the Pension Benefits Standards Act, 1985. (régime)

(2) The expressions cessation of membership, member, plan year, survivor, termination and winding-up have the same meaning as in subsection 2(1) of the Pension Benefits Standards Act, 1985.