Common use of General Points Clause in Contracts

General Points. Contributions are invested in accordance with the investment rules respecting Registered Retirement Income Funds (RRIFs) under the Income Tax Act (Canada) and in accordance with any such rules prescribed under the applicable pension legislation. The contributions that are locked in under the SSQ PRRIF include interest, gains and losses. No additional non-locked-in monies may be invested nor transferred to an SSQ PRRIF, unless such additional non-locked-in monies are segregated and maintained as a separate SSQ PRRIF in accordance with applicable pension legislation. In addition, no contribution governed by the pension legislation of a province or a territory, or governed by federal pension legislation, may be amalgamated with contributions governed by other pension legislation. SSQ warrants the contractholder that it is, and will make every endeavour while this contract exists to remain, on the Superintendent’s of pension list of acknowledged financial institutions for PRRIFs (if such a list exists as defined under applicable pension legislation).

General Points. Contributions are invested in accordance with the investment rules respecting Registered Retirement Income Funds Savings Plans (RRIFsRRSPs) under the Income Tax Act (Canada) and in accordance with any such rules prescribed under the applicable pension legislation. The contributions that are locked in under the SSQ PRRIF LIRA include interest, gains and losses. No additional non-locked-in monies may be invested nor transferred to an SSQ PRRIFLIRA, unless such additional non-locked-in monies are segregated and maintained as a separate SSQ PRRIF LIRA in accordance with applicable pension legislation. In addition, no contribution governed by the pension legislation of a province or a territory, or governed by federal pension legislation, may be amalgamated with contributions governed by other pension legislation. SSQ warrants the contractholder that it is, and will make every endeavour while this contract exists to remain, on the Superintendent’s of pension list of acknowledged financial institutions for PRRIFs LIRAs, LRSPs and RLSPs (if such a list exists as defined under applicable pension legislation).

General Points. Contributions are invested in accordance with the investment rules respecting Registered Retirement Income Funds (RRIFs) under the Income Tax Act (Canada) and in accordance with any such rules prescribed under the applicable pension legislation. The contributions that are locked in under the SSQ PRRIF LRIF include interest, gains and losses. No additional non-locked-in monies may be invested nor transferred to an SSQ PRRIFLRIF, unless such additional non-locked-in monies are segregated and maintained as a separate SSQ PRRIF LRIF in accordance with applicable pension legislation. In addition, no contribution governed by the pension legislation of a province or a territory, or governed by federal pension legislation, may be amalgamated with contributions governed by other pension legislation. SSQ warrants the contractholder that it is, and will make every endeavour while this contract exists to remain, on the Superintendent’s of pension list of acknowledged financial institutions for PRRIFs LRIFs (if such a list exists as defined under applicable pension legislation).

General Points. Contributions are invested in accordance with the investment rules respecting Registered Retirement Income Funds (RRIFs) under the Income Tax Act (Canada) and in accordance with any such rules prescribed under the applicable pension legislation. The contributions that are locked in under the SSQ PRRIF LIF include interest, gains and losses. No additional non-locked-in monies may be invested nor transferred to an SSQ PRRIFLIF, unless such additional non-locked-in monies are segregated and maintained as a separate SSQ PRRIF LIF in accordance with applicable pension legislation. In addition, no contribution governed by the pension legislation of a province or a territory, or governed by federal pension legislation, may be amalgamated with contributions governed by other pension legislation. SSQ warrants the contractholder that it is, and will make every endeavour while this contract exists to remain, on the Superintendent’s of pension list of acknowledged financial institutions for PRRIFs LIFs (if such a list exists as defined under applicable pension legislation).