Bill C-25
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TABLE OF PROVISIONS
AN ACT RELATING TO POOLED REGISTERED PENSION PLANS AND MAKING RELATED AMENDMENTS TO OTHER ACTS
SHORT TITLE
1. Pooled Registered Pension Plans Act
INTERPRETATION
2. Definitions
PURPOSE OF ACT
3. Purpose
APPLICATION
4. Application of Act
AGREEMENTS
5. Bilateral agreement
6. Multilateral agreement
7. Force of law
8. Review by Federal Court
9. Association of supervisory authorities
POWERS OF SUPERINTENDENT
10. Powers of Superintendent
11. Licensing of administrators
REGISTRATION
12. Registration of plan
13. Filing of amendments
ADMINISTRATION OF POOLED REGISTERED PENSION PLANS
Administrator
14. Licence and registration
15. Compliance with this Act
16. Duties of administrator
17. Records
18. Contract between administrator and employer
19. Employer terminates participation
20. Superintendent may require meeting
21. Transfer of assets to designated entity
22. Administration of plan and assets
23. Investment choices
24. Prohibition — inducements
25. Prohibition — investment options
26. Low-cost plan
Employer
27. Prohibition — employees in included employment
28. Obligation — non-discrimination
29. Contract between employer and administrator
30. Employer not liable
31. Amounts deemed to be held in trust
32. Employer to provide information
33. Prohibition — inducements
DIRECTIONS OF COMPLIANCE
34. Superintendent’s directions to administrators
35. Additional directions
36. Revocation of registration
OBJECTIONS AND APPEALS
37. Notice of objection
38. Appeal to Federal Court
GENERAL REQUIREMENTS
Membership
39. Full-time employees
40. Part-time employees
41. Advance notice to employees
42. Religious objections
43. Transfer of assets — notice
44. Termination of membership
Contributions
45. Contribution rates
46. Deductions from remuneration
Locking-in
47. Provisions respecting locking-in
Variable Payments
48. Election
49. Entitlement of survivor
50. Transfer or purchase of annuity
51. Cessation
Death of Member
52. Entitlement of survivor
Divorce, Annulment, Separation or Breakdown of Common-law Partnership
53. Meaning of “provincial law relating to the distribution of property”
Transfer of Funds and Purchase of Life Annuities
54. Who may transfer funds
55. Transfer of funds at prescribed age
Sex Discrimination Prohibited
56. Sex discrimination prohibited
Rights to Information
57. Provisions respecting information
Duty to Provide Information
58. Annual reporting requirements
59. Information to members
60. Information to Superintendent
TERMINATION AND WINDING-UP
61. Termination of pooled registered pension plan
62. Deemed termination
GENERAL
63. Designation of beneficiaries — provincial law
64. Electronic communications
65. Signatures
66. Enforcement of direction
67. Application to Federal Court
68. Superintendent may bring actions
69. Inspection
70. No action against person for withholding, etc.
71. Agreement in contravention of Act
72. Agreement to transfer, etc.
73. Agreement to surrender
74. Non-application of Statutory Instruments Act
OFFENCES AND PUNISHMENT
75. Offences
REGULATIONS
76. Governor in Council
77. Incorporation by reference
ANNUAL REPORT
78. Annual report
RELATED AMENDMENTS
79-81. Bankruptcy and Insolvency Act
82. Companies’ Creditors Arrangement Act
83. Canadian Human Rights Act
84-89. Pension Benefits Standards Act, 1985
90-93. Office of the Superintendent of Financial Institutions Act
COORDINATING AMENDMENT
94. 2010, c. 25
COMING INTO FORCE
95. Order in council