Acts and Regulations

91-195 - General

Full text
To eligible or required member
13(1)In addition to information listed in paragraphs 23(1)(a) and (b) of the Act, the administrator of a pension plan shall provide in a written statement to each person who will be eligible or is required to become a member of the plan
(a) the name, mailing address and telephone number of the administrator or other person who can supply additional information respecting the plan,
(b) a statement to the effect that
(i) the person may, on written request and without charge, inspect,
(ii) the person may make extracts from or copy, and
(iii) the administrator will, on request and upon payment of a fee, provide copies of,
any documents or information that the person is entitled to inspect under the Act or the regulations,
(c) if a pension plan permits or requires a member to make contributions, a brief description of how the assets of the plan are invested, of the method used to determine interest on the member’s contributions with interest or additional voluntary contributions and of how surplus is allocated on the wind-up of the plan and in such other circumstances as the plan may provide, and
(d) if a pension plan permits optional ancillary contributions, a statement that such contributions may be forfeited to the plan if conditions make it impossible or inadvisable to purchase any of the optional ancillary benefits provided for by the plan.
13(2)Information listed in paragraphs 23(1)(a) and (b) of the Act and in subsection (1) shall be supplied
(a) to each person who becomes a member of a pension plan on the date on which the pension plan is established, within sixty days after that date,
(b) to each person who becomes eligible to become a member of the pension plan upon becoming employed by the employer, within sixty days after the date on which the person becomes so employed, and
(c) subject to paragraph (b), to each person who is likely to become eligible to become a member of the pension plan, within sixty days before the date on which the person is likely to become eligible.
2003-87
To eligible or required member
13(1)In addition to information listed in paragraphs 23(1)(a) and (b) of the Act, the administrator of a pension plan shall provide in a written statement to each person who will be eligible or is required to become a member of the plan
(a) the name, mailing address and telephone number of the administrator or other person who can supply additional information respecting the plan,
(b) a statement to the effect that
(i) the person may, on written request and without charge, inspect,
(ii) the person may make extracts from or copy, and
(iii) the administrator will, on request and upon payment of a fee, provide copies of,
any documents or information that the person is entitled to inspect under the Act or the regulations,
(c) if a pension plan permits or requires a member to make contributions, a brief description of how the assets of the plan are invested, of the method used to determine interest on the member’s contributions with interest or additional voluntary contributions and of how surplus is allocated on the wind-up of the plan and in such other circumstances as the plan may provide, and
(d) if a pension plan permits optional ancillary contributions, a statement that such contributions may be forfeited to the plan if conditions make it impossible or inadvisable to purchase any of the optional ancillary benefits provided for by the plan.
13(2)Information listed in paragraphs 23(1)(a) and (b) of the Act and in subsection (1) shall be supplied
(a) to each person who becomes a member of a pension plan on the date on which the pension plan is established, within sixty days after that date,
(b) to each person who becomes eligible to become a member of the pension plan upon becoming employed by the employer, within sixty days after the date on which the person becomes so employed, and
(c) subject to paragraph (b), to each person who is likely to become eligible to become a member of the pension plan, within sixty days before the date on which the person is likely to become eligible.
2003-87