Pension 1
An individual, an entity or entities that are responsible for designing the pension plan, setting the benefit structure, and for establishing, amending and/or ending the pension plan.
What is a plan sponsor?
The legislative document that outlines the details of how to calculate of the maximum transfer value amount.
What is the Income Tax Regulations?
This tool is used to track transactions to ensure compliance with service level agreements and assist us in determining the status of requests and what is outstanding.
What is OS Access?
An ancient Jedi revered for his advanced age and wisdom, served as Grand Master of the Jedi Order.
Who is Yoda?
He has won 20 singles Grand Slam titles including 8 Wimbledon titles.
Who is Roger Federer? (8 Wimbledon, 6 Australian Open, 1 French Open and 5 US Open)
This type of account is similar to an RRSP but receives funds directly from a pension plan (or other locked-in vehicle) as opposed to contributions from an individual.
What is a LIRA?
In an Ontario marriage breakdown calculation, Value "B" assumes the pension will commence on this date.
What is the member’s Normal Retirement Date?
This tool is often used in regression testing to quickly compare and indicate differences between two files.
What is Beyond Compare?
The country with more than half of all the world's natural lakes.
What is Canada?
(Music Clip) - name of song and artist.
What is "Wannabe" by Spice Girls?
Members may be able to access a portion of their locked-in money because of shorten life expectancy of less than _______ years.
What is two?
The month and day that annual statements for active members must be provided by if your plan's fiscal year end was September 30th, 2017.
When is March 31st, 2018?
(Ontario PBA Regs 40(2) and Federal PBSA 28(1)(b))
This Excel function searches for a value in the top row of a table or an array of values, and then returns a value in the same column from a row you specify in the table or array.
What is HLOOKUP?
The country where the sport of curling originated from.
What is Scotland?
The largest country by land mass.
What is Russia?
One of the following does not satisfy a criteria permitted under the ITA for an unreduced early retirement pension:
a) Age 55; or
b) Age plus eligibility service is 80 or greater; or
c) 30 years of eligibility service
What is Age 55?
This item is not a disclosure requirement on annual statements.
a) Required member contributions made in the plan year; or
b) Spouse's date of birth; or
c) Normal retirement date
What is spouse's date of birth?
Its acronym, PDF, is the extension of a popular file type.
What is Portable Document Format?
The name of the character played by Laurence Fishburne in The Matrix.
Who is Morpheus?
This sports apparel and footwear company was originally founded in 1964 by University of Oregon track athlete Phil Knight and his coach Bill Bowerman.
What is Nike?
The provisional PSPA amount without qualifying transfers and re-determined pension credits attributable to the defined benefits under an RPP of a previous employer; this amount is used in the calculation of the PAR.
What is the grossed-up PSPA?
The member is retiring at age 65 and spouse is 3 years younger. Life Only is the normal form and all optional forms of pension are actuarial equivalent to the normal form. Put the following in the order of the highest to the lowest amount.
a) Joint and Survivor 100%
b) Life Only
c) Life Guaranteed 5 Years
d) Joint and Survivor 60%
What is Life Only, Life G5, J&S60% and J&S100%?
Morneau Shepell's automated virtual assistant which uses artificial intelligence to provide employees with 24/7 real-time answers to HR-related questions.
What is Ava?
This Toronto festival was founded in 1976 and was originally called the "Festival of Festivals".
What is TIFF (Toronto International Film Festival)?
He is the second prime minister of Canada, served from November 7th, 1873 to October 8th, 1878.
Who is Alexander Mackenzie?