|
Pension Benefits Standards Act (PBSA) - Federal law regulating
private pension plans of employees employed in the areas of "included
employment" in Canada. Generally, PBSA regulates employees employed
in the communication or transportation industries and employed in provinces
where there is no provincial pension legislation. PBSA sets out minimum
standards for benefits, administration, information to members and investments.
Most provinces have a standard act.
Pensionable Service - The amount of years of service a member
has accrued in a pension plan
Plan Text - A legal document that describes the terms and conditions
of a pension plan or DPSP.
Portability Options - Options available on termination, death,
marriage breakdown or plan wind-up. In such cases, pension proceeds can
be transferred to a Locked-in RRSP/LIRA, or a LIF/LRIF or another pension
plan if allowed by the new plan.
Postponed Retirement - Retirement delayed past the normal retirement
age - usually up to age 69. (Also see Normal Retirement Age).
Pre-Authorized Chequing (PAC) - A program allowing investors to
make periodic or regular investments into a mutual fund through direct
debit of the investor's bank account.
Prospectus - A legal document that describes in detail the security
being offered for sale to the public. |
© 2010 Mackenzie Financial Corporation. All rights reserved.