Prescribed RRIF definition

Prescribed RRIF means a RRIF which meets the requirements for a "prescribed RRIF" under the Pension Rules;
Sample 1
Prescribed RRIF. Means a personal retirement income fund as defined in the Income Tax Act (Canada) that is also subject to certain rules set out in Manitoba’s Pension Benefits Act and Regulations. Funds in a prescribed RRIF are not locked in. Means the unlocking of up to 50 percent of the balance of a member’s pension plan or member-owner’s LIF or LRIF and a one-time transfer of that balance to a prescribed Registered Retirement Income Fund (RRIF).
Sample 1

Examples of Prescribed RRIF in a sentence

  • Funds may be transferred into this Prescribed RRIF only from another Prescribed RRIF, or as a One-Time Transfer provided that such transfer is subject to all applicable requirements in the Tax Act for transfers into RRIFs.

  • No transfer will be permitted into this Prescribed RRIF unless the Annuitant is at least 55 years old.

  • If all or any part of the balance of a Prescribed RRIF is paid out contrary to the Pension Rules, We will provide or ensure the provision to the Annuitant of an amount equal to the amount of the balance paid out.

  • Subject to an agreement or order under The Family Property Act or enforcement proceedings taken by a designated officer, as defined in section 52 of The Family Maintenance Act under Part VI of that Act, the balance of the Prescribed RRIF, i) may not be assigned, charged, anticipated or given as security, and any transaction purporting to do so is void, and ii) is exempt from execution, seizure or attachment.

  • If the Annuitant is a Non-Member and the Annuitant dies before withdrawing or transferring out the balance of the Prescribed RRIF, We will administer the proceeds of the Prescribed RRIF, in accordance with the terms of the RRIF Agreement.

  • We are entitled to deduct from this Prescribed RRIF a fee for reasonable costs incurred by Us in complying with the attachment, subject to applicable law.

Related to Prescribed RRIF

  • prescribed amount means $10 000 or such other amount as may be prescribed.

  • prescribed person means a person prescribed in O. Reg. 208/19 (Environmental Compliance Approval in Respect of Sewage Works) for the purpose of ss. 20.6 (1) of the EPA, and where the alteration, extension, enlargement, or replacement is carried out under an agreement with the Owner.

  • prescribed fee means a fee determined by the Council by resolution in terms of section 10G(7)(a)(ii) of the Local Government Transition Act, 1993 (Act No. 209 of 1993), or any other applicable legislation;

  • prescribed period means 14 days;

  • Prescribed Rate means the rate of 4% above The Royal Bank of Scotland plc base rate from time to time in force.

  • Prescribed dosage means the specified activity or range of activity of unsealed radioactive material as documented:

  • Prescribed Laws means, collectively, (a) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56) (The USA PATRIOT Act), (b) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001, and relating to Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism, (c) the International Emergency Economic Power Act, 50 U.S.C. §1701 et. seq., and (d) all other Legal Requirements relating to money laundering or terrorism.

  • Prescribed Limit means 10% of the issued ordinary share capital of the Company as at the date of passing of this resolution unless the Company has effected a reduction of the share capital of the Company, at any time during the Relevant Period, in which event the issued ordinary share capital of the Company shall be taken to be the amount of the issued ordinary share capital of the Company as altered;

  • Prescribed Notice means 28 days or any shorter period of notice for a meeting of members of the Company allowed under the Corporations Act.

  • prescribed form means, with regard to the filing of Annual Financial Information, Audited Financial Statements and notices of Listed Events with the MSRB at www.emma.msrb.org (or such other address or addresses as the MSRB may from time to time specify), such electronic format, accompanied by such identifying information, as shall have been prescribed by the MSRB and which shall be in effect on the date of filing of such information.

  • prescribed area means any area over which Norway or any member State (other than the United Kingdom) exercises sovereign rights for the purpose of exploring the seabed and subsoil and exploiting their natural resources, being an area outside the territorial seas of Norway or such member State, or any other area which is from time to time specified under section 10(8) of the Petroleum Act 1998;

  • Prescribed Forms means the forms prescribed from time to time under or pursuant to subsection 66(12.7) of the Act filed or to be filed by the Company within the prescribed times renouncing to the Subscriber the Qualifying Expenditures incurred pursuant to this Agreement and all parts or copies of such forms required by the CRA to be delivered to the Subscriber;

  • Prescription drugs means drugs, medicine and controlled substances which by law can only be prescribed for human use by persons authorized by law.

  • Prescriber means a practitioner who is authorized pursuant to §§ 54.1-3303 and 54.1-3408 to issue

  • Prescription drug means any drug required by federal law or regulation to be dispensed only

  • Medical emergency means a condition caused by an Injury or Sickness that manifests itself by symptoms of sufficient severity that a prudent layperson possessing an average knowledge of health and medicine would reasonably expect that failure to receive immediate medical attention would place the health of the person in serious jeopardy.

  • Prescription drug order means an original or new order from a practitioner for drugs, drug-related devices or treatment for a human or animal, including orders issued through collaborative care agreements. Lawful prescriptions result from a valid practitioner-patient relationship, are intended to address a legitimate medical need, and fall within the prescribing practitioner's scope of professional practice;

  • Participating Prescription Drug Provider means an independent retail Pharmacy, chain of retail Pharmacies, mail-order Pharmacy or specialty drug Pharmacy which has entered into an agreement to provide pharmaceutical services to participants in the benefit program. A retail Participating Pharmacy may or may not be a select Participating Pharmacy as that term is used in the Vaccinations Obtained Through Participating Pharmacies section.

  • Covered Servicemember means: 1) a current member of the Armed Forces, including a member of the National Guard or Reserves, who is undergoing medical treatment, recuperation, or therapy, is otherwise in outpatient status, or is otherwise on the temporary disability retired list, for a serious injury or illness; or 2) a veteran who is undergoing medical treatment, recuperation, or therapy, for a serious injury or illness and who was a member of the Armed Forces, including a member of the National Guard or Reserves, at any time during the period of five years preceding the date on which the veteran undergoes that medical treatment, recuperation, or therapy. (29 CFR § 825.102 & 825.122.)

  • Medical Reimbursement Programs means a collective reference to the Medicare, Medicaid and TRICARE programs and any other health care program operated by or financed in whole or in part by any foreign or domestic federal, state or local government and any other non-government funded third party payor programs.

  • Participating Marriage and Family Therapist means a Marriage and Family Therapist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Prescription means an order for drugs or medical supplies, written or signed or transmitted by word

  • Qualified health plan means a health benefit plan that has in effect a certification that the plan

  • Non-Participating Marriage and Family Therapist means a Marriage and Family Therapist who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Economic Load Response Participant means a Member or Special Member that qualifies under Operating Agreement, Schedule 1, section 1.5A, and the parallel provisions of Tariff, Attachment K-Appendix, section 1.5A, to participate in the PJM Interchange Energy Market and/or Ancillary Services markets through reductions in demand.

  • Son or daughter of a covered servicemember means a covered servicemember's biological, adopted, or foster child, stepchild, legal ward, or a child for whom the covered servicemember stood in loco parentis, and who is of any age.