Refund of Contributions. Upon written notice in the form required by the Promoter and subject to such reasonable requirements as the Promoter may impose and to the Applicable Legislation which requires the Promoter to repay Government Funded Benefits in certain circumstances, each Subscriber shall be entitled to:
a. at any time, from time to time, receive a Refund of Contributions in an amount not exceeding the Capital Investments (less all applicable fees and charges); or
b. direct, in the manner prescribed by the Promoter, that all or any part of the Refund of Contributions in an amount not exceeding the Capital Investments (less all applicable fees and charges) be paid to the Beneficiary. The Promoter will identify to the Canada Revenue Agency the payments to the Beneficiary that are attributable to such Refunds of Contributions. Where the Plan has two Subscribers, the written instructions must be signed by both Subscribers. When a Refund of Contributions is made, a corresponding refund of Government Funded Benefits will also be made pursuant to section 7. Each Subscriber acknowledges that such Refunds of Contributions may result in restrictions on future Government Funded Benefits in respect of the Beneficiary under the Plan.
Refund of Contributions. The Trustee shall, upon written application by the Annuitant or the Annuitant’s Spouse in form satisfactory to the Trustee, refund to that applicant the amount established to be an amount as defined in paragraph 146(2)(c.1) of the Act and in any similar provisions of any provincial income tax legislation, in respect of such applicant.
Refund of Contributions. Upon written notice in the form required by the Promoter and subject to such reasonable requirements as the Promoter may impose and to the Applicable Legislation which requires the Promoter to repay Government Funded Benefits in certain circumstances, each Subscriber shall be entitled to:
a. at any time, from time to time, receive a Refund of Contributions in an amount not exceeding the Capital Investments (less all applicable fees and charges); or
b. direct, in the manner prescribed by the Promoter, that all or any part of the Refund of Contributions in an amount not exceeding the Capital Investments (less all applicable fees and charges) be paid to the Beneficiary. The Promoter will identify to the Canada Revenue Agency the payments to the Beneficiary that are attributable to such Refunds of Contributions.
Refund of Contributions. A refund of contributions cannot exceed the total of all contributions to the Plan less any refunds of contributions previously made.
Refund of Contributions. The Trustee shall, upon written application by the Annuitant in a form satisfactory to the Trustee, refund to the taxpayer the amount established according to paragraph 146(2)(c.1) of the Act and to any similar provision of the Taxation Act (Quebec), in respect of such application. The Annuitant shall be responsible for determining the amount of such refund.
Refund of Contributions. In no event, shall any Employer, directly or indirectly, receive any refund on contributions made by them to the Trust except as provided in the Act. An employer shall not, directly or indirectly, participate in the disposition of the Pension Trust Fund or receive any benefits from the Trust.
Refund of Contributions. The Subscriber may send ATBSI written instructions at any time to pay a refund of Contributions. The refund amount cannot exceed the total of all Contributions to the Plan less any refunds previously made under this section. To pay a refund, ATBSI will sell any of the Plan Assets that the Subscriber specifies. If the Subscriber does not specify which of the Plan Assets are to be sold, then ATBSI, in its sole discretion, will sell Plan Assets that ATBSI considers appropriate. Once ATBSI has paid the Subscriber, ATBSI will have no liability or duty to the Subscriber, the Plan Beneficiary, or the Plan for the Plan Assets that were sold to pay the Subscriber. ATBSI will pay the Subscriber the refund requested after deducting any sale costs and other related fees or charges, including penalties within a reasonable period of time after receiving the Subscriber’s instructions.
Refund of Contributions. Refunds of accumulated contributions to the System shall be made from the System as follows:
(1) Upon approval by the System’s Board of an application for refund of contributions when employment is terminated and the member is not eligible for retirement, full refund of member contributions with interest shall be made.
(2) Upon approval by the System’s Board of a former member’s application for refund of contributions when the former member had elected deferred service retirement and is not yet eligible to receive pension payments, full refund of employee contributions with interest shall be made.
(3) Upon the death of an employee or retiree where no widow or widower or children are left surviving who are entitled to pension benefits, a lump sum refund equal to the employee’s accumulated contributions, or the retiree’s balance of accumulated contributions in excess of total pension payments made to the retiree, or $500.00, whichever is greater, shall be made to the designated beneficiary or heirs at law.
(4) Upon cessation of pension benefits to a widow or widower or child(xxx), a lump sum payment equal to the balance, if any, of the deceased’s accumulated contributions in excess of the total amount of pension payments made to the retiree, widow, widower, and child(xxx) shall be made to the widow or widower or child who is last to cease receiving a pension benefit from the System. Upon the payment of such lump sum amount, if any, the widow or widower and children shall have no future rights and privileges under the System.
(5) Such refund as provided herein shall forever forfeit any and all rights to pension benefits from the System.
Refund of Contributions. Contributions that are made to the Plan by the Employer can only be returned to the Employer in accordance with the following provisions:
Refund of Contributions. We shall, upon written application by you or if applicable your spouse in form satisfactory to us, refund the amount established to be an amount as defined in paragraph 146(2) (c.1) of the Act and in any similar provisions of any provincial income tax legislation.
