Common use of Differentiation on the Basis of Sex Clause in Contracts

Differentiation on the Basis of Sex. The Locked-In Funds will not be used to purchase an Annuity that differentiates on the basis of the Annuitant’s sex, unless the commuted value of the deferred pension that was transferred directly or indirectly into this LIRA was determined on its transfer in a manner that differentiated, while the Annuitant was a member of that pension plan, on the basis of the sex of the owner.

Differentiation on the Basis of Sex. The Locked-In Funds will not be used to purchase an a Life Annuity that differentiates on the basis of the Annuitant’s sex, unless the commuted value of the deferred pension that was transferred directly or indirectly into this LIRA LIF was determined on its transfer in a manner that differentiated, while the Annuitant was a member of that pension plan, on the basis of the sex of the owner.