BC Marriage Breakdown
Person who is entitled to a proportionate share of the member's accrued pension.
Who is the Limited Member?
The basic formula for a PAR is termination benefit minus the sum of ___ and PSPAs.
What are PAs?
The year's maximum pensionable earnings as defined under the Canada Pension Plan.
What is YMPE?
In 1992, this city’s velodrome once used in the Olympic Games, was transformed into an environmental biodome.
What is Montreal?
The member is entitled to a CV of $20,000 at date of payment. His pension entitlement at age 65 is $100 per month. He is currently 41 and the payment will be made in two weeks. What is the cash amount he must he take because of the Maximum Transfer Value?
What is $9,200?
$20,000 – ($100 x 12 x 9) = $9,200
This form is used by a spouse who is making a claim to an interest in the member’s/annuitant’s benefits.
What is the Form P1 (Claim and Request for Information and Notice)?
The slip sent to members entitled to a PAR.
What are T10s?
A refund is payable to the terminated member if his or her pension contributions for service from January 1, 1993, plus interest, is greater than 50% of the commuted value of the deferred pension earned over the same period.
What are excess contributions?
Residents of this Saskatchewan city are called Moose Javians.
What is Moose Jaw?
Form that should be completed if the parties don't have a written separation agreement or court order dividing the benefits.
What is the Form P9 (Agreement to have Benefits Divided under Part 6)?
PARs are not issued to an ex-spouse if a lump sum payment is made as a result of a marriage breakdown split. This other type of lump sum payment also never triggers a PAR.
What is a death benefit lump sum payment?
It reduces the amount of money that has been contributed in that year's pension plan, thereby increasing the Registered Retirement Savings Plan (RRSP) deduction limit.
What is a PAR?
The country’s busiest port, the southwestern Canadian city is about 15 miles from the U.S. border.
What is Vancouver?
The object of giving the spouse advance notice if a form P1 is on file to allow the spouse to take steps to protect an interest in the pension.
What is the 30 days notice?
The deadline for filing PARs is 60 days from the end of the quarter in which payments are made, with this quarter being the exception.
What is the 4th quarter?
This form must be used by spouses of British Columbia pension plan members and former members to waive entitlement to a pre-retirement death benefit.
What is a Form 4 (Spouse's Waiver of Beneficiary Right to Benefits in a Pension Plan, Locked-In Retirement Account, Life Income Fund or Annuity Before Pensioner or Annuity Payments Start)?
An intersection in this provincial capital is the original western terminus of the Trans-Canada Highway.
What is Victoria?
This Alberta resort was the first municipality to be incorporated within a Canadian national park.
What is Banff?