,CANADA ,CU/OMS #A & ,REV5UE ,AG5CY ,9=M,N ,CIRCUL> ,SUBJECT3 ,PRESCRIB$ ,-P5S,N = ,REGI/]$ ,P5.N ,PLANS ,NUMB]3 ,,IC#IH-B ,DATE3 ,SEPTEMB] #A1 #AIIH #A4 ,9 ? CIRCUL> WE AT ,REV5UE ,CANADA EXPLA9 \R ADM9I/RATIVE REQUIRE;TS : APPLY 6PRESCRIB$ AM.TS ( -P5S,N4 ,PRESCRIB+ -P5S,N 5A#S DEF9$ B5EFITS 6BE PROVID$1 OR M"OY PUR*ASE 3TRIBU;NS 6BE MADE1 = P]IODS ( REDUC$ S]VICES "U A REGI/]$ P5.N PLAN 7,,RPP7 )\T VIOLAT+ ! P5.N ADJU/;T LIMITS 9 SUBSEC;NS #ADG.A7#H7 & 7#I7 (! ,9COME ,TAX ,ACT4 ,? CIRCUL> W 2 ( 9T]E/ PRIM>ILY 6,,RPP ADM9I/RATORS &! P5.N 9DU/RY4 ,AL? ,,RPP MEMB]S MAY F9D X 9T]E/+1 !Y %D 3SULT _! PLAN ADM9I/RATORS IF !Y #A #IH-B A#A H "QS AB B5EFITS PROVID$ "U _! ,,RPP'S4 ,! CIRCUL> IS DIVID$ 96FIVE "PS4 ,"P ;,A--,COMP5S,N ,& ,PRESCRIB$ ,-P5S,N ,? "P EXPLA9S ! SIGNIFIC.E ( -P5S,N 9 ! LEGISL,N AB ,,RPP'S &! FUNC;N ( PRESCRIB$ -P5S,N4 ,X COV]S ! FOLL[+ TOPICS3 ,P>AGRAPH ,:AT -P5S,N IS """""""""""""""""""""" #B ,! IMPORT.E ( -P5S,N = ,,RPP'S """""" #C ,PURPOSE ( PRESCRIB$ -P5S,N """"""""" #D ,P5.N ADJU/;T 7,,PA7 LIMITS """"""""" #E ,SPECIFI$ ,MULTI-,EMPLOY] ,PLAN """"" #F #B ,"P ;,B--,CALCULAT+ B#A ,PRESCRIB$ ,-P5S,N ,? "P DESCRIBES ! 3DI;NS T H 6BE MET = -P5S,N 6BE PRESCRIB$ & EXPLA9S H[ X IS CALCULAT$ ) EXAMPLES1 US+ ! FOLL[+ H1D+S3 ,P>AGRAPH ,CALCULAT+ PRESCRIB$ -P5S,N """"""""" #G ,P]IODS ( 4ABIL;Y """"""""""""""""""" #H ,QUALIFY+ P]IODS """""""""""""""""""" #I ,ELIGI# P]IODS ( REDUC$ PAY """""""" #AJ ,ELIGI# P]IODS ( TEMPOR>Y ABS;E """" #AA ,QUALIFY+ P]IOD 3DI;NS """"""""""""" #AB ,"P-"T EMPLOYEES """"""""""""""""""" #AC ,WAGE FREEZES & ROLLBACKS """""""""" #AD ,FIVE-YE> CUMULATIVE LIMIT """"""""" #AE ,P]IODS ( P>5T+ """""""""""""""""""" #AF ,?REE-YE> CUMULATIVE LIMIT """"""""" #AG ,P]IOD ( P>5T+ T IS M ?AN #AB MON?S """""""""""""""""""""""""""" #AH ,PLAN ADM9I/RATOR'S RESPONSIBIL;Y "" #AI #C ,"P ;,C--,SPECIAL ,SITU,NS C#A ,P>AGRAPH ,=EIGN S]VICE """""""""""""""""""""" #BJ ,LOAN$ EMPLOYEES """"""""""""""""""" #BA ,SAL>Y DEF]RAL L1VE PLANS """""""""" #BB ,RETROACTIVE 3TRIBU;NS & B5EFIT A3RUALS """""""""""""""""""""""""" #BC ,RETROACTIVE DEF9$ B5EFIT A3RUALS "" #BD ,RETROACTIVE M"OY PUR*ASE 3TRIBU;NS """""""""""""""""""""""" #BE ,"P ;,D--,MAXIMUM ,P5.N ,RULES ,? "P DESCRIBES H[ PRESCRIB$ -P5S,N A6ECTS ! MAXIMUM P5.N RULES4 ,! SPECIFIC >1S COV]$ >E3 ,P>AGRAPH ,! MAXIMUM P5.N RULE """"""""""""""" #BF ,BASIC MAXIMUM P5.N RULE """"""""""" #BG ,MAXIMUM P5.N RULE = 3NECT$ P]SONS """"""""""""""""""""""""""" #BH ,SPECIAL MAXIMUM P5.N RULE "U APPROV$ D[NSIZ+ PROGRAMS """"""""" #BI #D ,"P ;,E--,PLAN ,^W+ D#A ,REQUIRE;TS ,? "P GIVES 9=M,N AB ! PLAN T]MS T >E REQUIR$ "U ! ,9COME ,TAX ,ACT :5 -P5S,N IS PRESCRIB$ "U A P5.N PLAN4 ,! SPECIFIC >1S COV]$ >E3 ,P>AGRAPH ,PLAN ^W+ REQUIRE;TS """"""""""""""" #CJ ,^W+ ( M"OY PUR*ASE PROVI.NS """"""" #CA ,^W+ ( DEF9$ B5EFIT PROVI.NS """"""" #CB ,! .GLOSS>Y T />TS ON PAGE #AA EXPLA9S "S TE*NICAL T]MS T WE USE 9 ? CIRCUL>4 ,:5 WE REF] 6! ,REGUL,NS1 WE M1N ! ,9COME ,TAX ,REGUL,NS4 ,ALL O!R REF];ES 6SEC;NS1 SUBSEC;NS1 & P>AGRAPHS REF] 6^? (! ,9COME ,TAX ,ACT4 #E ,"P ;,A--,COMP5S,N ,& E#A ,PRESCRIB$ ,-P5S,N ,:AT -P5S,N IS #B4 ,-P5S,N IS DEF9$ 9 SUBSEC;N #ADG.A7#A74 ,AN 9DIVIDUAL'S -P5S,N F AN EMPLOY] =A CAL5D> YE> HAS ?REE "PS "U ! DEF9I;N3 7A7 TOTAL SAL>Y1 WAGES1 & O!R AM.TS1 S* Z ! B5EFIT F ! USE ( AN AUTOMOBILE1 =! 9DIVIDUAL'S EMPLOY;T ) AN EMPLOY] OR AN (FICE = : ! 9DIVIDUAL IS PD 0! EMPLOY]1 T --------------------------------------#B ! 9DIVIDUAL IS REQUIR$ 0SEC;NS #E & #F 69CLUDE 9 9COME =! YE> 7OR WD 2 -P5S,N B = P>AGRAPH #HA7#A77A7 (! ,9COME ,TAX ,ACT &! ,9DIAN ,ACT74 ,-P5S,N MAY N 9CLUDE AN AM.T T3 --RELATES 6A P]IOD "?\T : ! 9DIVIDUAL IS N RESID5T 9 ,CANADA1 Z DEF9$ 9 SUBSEC;N #BEJ7#A72 & --IS N ATTRIBUTA# 6AN (FICE OR EMPLOY;T 9 ,CANADA OR IS #F ,"P ;,A A#B EXEMPT F TAX 9 ,CANADA "U A TAX TR1TY OR 3V5;N2 7B7 A PRESCRIB$ AM.T1 : IS REF]R$ 6IN ? CIRCUL> Z PRESCRIB$ -P5S,N2 & 7C7 REMUN],N =A P]IOD DUR+ : ! 9DIVIDUAL IS N A RESID5T ( ,CANADA1 B ONLY 6! EXT5T T ! REMUN],N IS A3EPTA# 6! ,M9I/] ( ,N,NAL ,REV5UE4 ,? CIRCUL> D1LS MA9LY )! APPLIC,N ( P>AGRAPH 7B7 (! DEF9I;N1 B AL REF]S 6P>AGRAPH 7C7 (! DEF9I;N 9 #BJ 2L4 .,REMUN],N IS N DEF9$ 9 ! LEGISL,N T APPLIES 6,,RPP'S4 ,AN 9DIVIDUAL'S REMUN],N F AN EMPLOY] IS 3SID]$ 69CLUDE ALL AM.TS TAXA# Z 9COME "U SEC;N #E OR #F (! ,9COME ,TAX ,ACT4 ,= NON-RESID5TS1 REMUN],N 9CLUDES AM.TS T WD 2 TAXA# IF ! 9DIVIDUAL 0 RESID5T 9 ,CANADA4 ,X MAY AL 9CLUDE AM.TS N P5.NA# "U ! PLAN4 #G ,! IMPORT.E ( -P5S,N = B#B ,,RPP'S #C4 ,-P5S,N IS AN IMPORTANT "P (! RE/RIC;NS "U ! ,ACT & ,REGUL,NS = ,,RPP 3TRIBU;NS & B5EFITS1 9CLUD+3 --! P5.N ADJU/;T 7,,PA7 LIMITS 7SEE #J 2L72 --! DEF9$ B5EFIT MAXIMUM P5.N RULE 7SEE #BF 2L72 & --! A4I;NAL B5EFITS : MAY 2 PD "U APPROV$ D[NSIZ+ PROGRAMS 7SEE #BI 2L74 ,PURPOSE ( PRESCRIB$ -P5S,N #D4 ,PRESCRIB$ -P5S,N ALL[S A NO;NAL AM.T ( REMUN],N 6BE 9CLUD$ 9 AN 9DIVIDUAL'S -P5S,N DUR+ A P]IOD :5 ! 9DIVIDUAL'S RATE ( PAY IS LESS ?AN USUAL 2C (A P]IOD ( REDUC$ S]VICES4 ,X ALL[S M"OY PUR*ASE 3TRIBU;NS 63T9UE 6BE MADE & B5EFITS "U DEF9$ B5EFIT PROVI.NS 63T9UE 6A3RUE )\T EXCE$+ ! RE/RIC;NS = -P5S,N4 #H ,"P ;,A C#B ,)\T PRESCRIB$ -P5S,N1 ! RE/RIC;NS T ! ,,PA LIMITS 9 SUBSEC;NS #ADG.A7#H7 & 7#I7 IMPOSE CD 2 EXCE$$ 9 A L[-PAY YE>4 ,? WD CAUSE ! PLAN'S REGI/R,N 62COME REVOCA# "U P>AGRAPH #ADG.A7#AA77C74 ,! MAXIMUM P5.N T A MEMB] CD RCV "U A DEF9$ B5EFIT PROVI.N1 "U SEC;N #HEJD (! ,REGUL,NS1 WD 2 LESS )\T PRESCRIB$ -P5S,N1 Z WD ! MAXIMUM T APPLIES 6A4I;NAL B5EFITS PAYA# "U APPROV$ D[NSIZ+ PROGRAMS 9 SUBSEC;N #HEJE7#C7 (! ,REGUL,NS4 ,P5.N ADJU/;T 7,,PA7 LIMITS #E4 ,! SY/EM ( TAX ASSI/.E = RETIRE;T SAV+S IS BAS$ ON A UNI=M LIMIT ( #AH@3P ( -P5S,N4 ,? APPLIES -PREH5SIVELY 6TAX ASSI/$ SAV+S 9 EMPLOY]-SPONSOR$ ,,RPP'S1 DEF]R$ PR(IT %>+ PLANS 7,,DPSP'S71 & 9DIVIDUAL REGI/]$ RETIRE;T SAV+S PLANS 7,,RRSP'S74 ,! ,,PA LIMITS1 /AT$ 9 SUBSEC;NS #ADG.A7#H7 & 7#I7 = #I ,"P ;,A D#B ,,RPP'S & #ADG7#E.A7 = ,,DPSP'S1 >E "P (! PROVI.NS IMPOS+ ^! -PREH5SIVE LIMITS4 ,FAILURE 6RESPECT ! ,,PA LIMITS = ANY PLAN MEMB] CAUSES ! PLAN 6BE REVOCA#4 ,! ,,PA M1SURES ! LEVEL ( RETIRE;T SAV+S 9 A YE> =A MEMB] RELAT$ 6HIS OR H] EMPLOY] "U DEF9$ B5EFIT & M"OY PUR*ASE PROVI.NS ( ,,RPP'S1 ,,DPSP'S1 & "S UNREGI/]$ RETIRE;T PLANS OR >RANGE;TS4 ,! ,,PA IS EQUAL 6! MEMB]'S TOTAL P5.N CR$ITS =! YE> RELAT$ 6! MEMB]'S EMPLOY]4 ,SEC;NS #HCJA & #HCJB (! ,REGUL,NS /ATE MO/ (! RULES = CALCULAT+ P5.N CR$ITS4 ,A P5.N CR$IT REFLECTS ! VALUE (! B5EFIT T A MEMB] E>NS 9 ! YE> "U EA* ,,DPSP OR ,,RPP B5EFIT PROVI.N 9 : ! MEMB] "PICIPATES 7#A74 ,=A M"OY PUR*ASE PROVI.N1 ! P5.N CR$IT IS G5],Y ! TOTAL (! 3TRIBU;NS MADE 0OR =A MEMB] & ANY AM.TS ATTRIBUTA# 6SURPLUS1 =FEITURES1 OR E>N+S ON =FEITURES T >E #AJ ,"P ;,A E#B ALLOCAT$ 6! MEMB]4 ,= M 9=M,N ON ,,PA'S1 SEE ! ,P5.N ,ADJU/;T ,GUIDE 7,T#DJHD7,E774 ,! GUIDE IS AVAILA# AT ALL ,REV5UE ,CANADA TAX S]VICES (FICES4 7#A7 ,"U SEC;N #HCJH.A OR #HCJH.C (! ,REGUL,NS1 P5.N CR$ITS MAY H 6BE CALCULAT$ = 9DIVIDUALS :O "PICIPATE 9 A =EIGN P5.N PLAN OR A SPECIFI$ RETIRE;T >RANGE;T4 ,"U SUBSEC;N #ADG.A7#H71 AN ,,RPP 7O!R ?AN A MULTI-EMPLOY] PLAN7 2COMES REVOCA# IF ! ,,PA (A MEMB] =A YE> RELAT$ 6AN EMPLOY] IS M ?AN ! LESS] (3 --! M"OY PUR*ASE LIMIT 7#B7 =! YE>2 & --#AH@3P (! MEMB]'S -P5S,N F ! EMPLOY] =! YE>4 7#B7 ,! M"OY PUR*ASE LIMIT IS DEF9$ 9 SUBSEC;N #ADG.A7#A74 ,= YE>S AF #AIIE & 2F #BJJC X IS 4#AC1EJJ4 ,X 9CR1SES 64#AD1EJJ 9 #BJJC & 4#AE1EJJ 9 #AA ,"P ;,A F#B #BJJD4 ,2G9N+ 9 #BJJE1 ! LIMIT W 2 9DEX$ 9 L9E ) 9CR1SES 9 ! AV]AGE WAGE4 IF ! AV]AGE WAGE DECR1SES 9 A YE>1 ! M"OY PUR*ASE LIMIT W 2 ! SAME Z ! PREVI\S YE>'S LIMIT ,FUR!R1 A MEMB]'S TOTAL ,,PA'S = ALL EMPLOY]S :O D N D1L ) EA* O!R AT >M'S L5G? AT ANY "T 9 ! YE> MAY N 2 M ?AN ! M"OY PUR*ASE LIMIT =! YE>4 --------------------------------------#C ,A SIMIL> LIMIT 9 SUBSEC;N #ADG.A7#I7 APPLIES 6MULTI-EMPLOY] PLANS 7,,MEP'S71 O!R ?AN SPECIFI$ MULTI- EMPLOY] PLANS 7,,SMEP'S74 ,,MEP'S >E G5],Y P5.N PLANS 9 : X IS R1SONA# 6EXPECT T AT NO "T 9 ! YE> >E M ?AN #IE@3P (! ACTIVE PLAN MEMB]S EMPLOY$ 0A S+LE "PICIPAT+ EMPLOY] OR 0A RELAT$ GR\P ( "PICIPAT+ EMPLOY]S4 ,"U A MULTI-EMPLOY] PLAN1 ! TOTAL (A MEMB]'S P5.N CR$ITS =A YE> = AN EMPLOY] M/ N 2 M ?AN ! LESS] (3 --! M"OY PUR*ASE LIMIT =! YE>2 & #AB ,"P ;,A A#C --#AH@3P (! MEMB]'S -P5S,N F ! EMPLOY] =! YE>4 ,FUR!R1 A MEMB]'S TOTAL P5.N CR$ITS "U ! PLAN = ALL "PICIPAT+ EMPLOY]S MAY N 2 M ?AN ! M"OY PUR*ASE LIMIT =! YE>4 ,SPECIFI$ ,MULTI-,EMPLOY] ,PLAN 7,,SMEP7 #F4 ,_M (! RE/RIC;NS T APPLY 6O!R ,,RPP'S D N APPLY 6,,SMEP'S4 ,,SMEP'S >E EXCLUD$ F ! APPLIC,N (! ,,PA LIMITS 9 SUBSEC;NS #ADG.A7#H7 & 7#I7 &! MAXIMUM P5.N RULE 9 SUBSEC;N #HEJD7#A7 (! ,REGUL,NS4 ,9/1D (! ,,PA LIMITS1 ,,SMEP'S H 6MEET A R1SONA#;S TE/ = 3TRIBU;NS IMPOS$ 0P>AGRAPH #HEAJ7#G77A7 (! ,REGUL,NS4 ,! TE/ REQUIRES T1 :5"E NEW 3TRIBU;N RATES >E E/ABLI%$1 X IS R1SONA# 6EXPECT T ! TOTAL EMPLOY] & EMPLOYEE 3TRIBU;NS 6BE MADE EA* YE> W N 2 M ?AN #AH@3P (! TOTAL -P5S,N ( ALL EMPLOYEES "U ! PLAN4 ,9 A4I;N1 ! PRESCRIB$ #AC ,"P ;,A B#C -P5S,N RULES D N APPLY 6P]IODS ( REDUC$ PAY & TEMPOR>Y ABS;E "U ,,SMEP'S4 ,"U P>AGRAPH #HEAJ7#G77B7 (! ,REGUL,NS1 ,,SMEP'S T H A M"OY PUR*ASE PROVI.N NE$ 6LIMIT ! P5.N CR$ITS 6! LIMITS ( SUBSEC;N #ADG.A7#I71 EV5 ?\< T SUBSEC;N IS N SPECIFIC,Y APPLICA# 6,,SMEP'S4 ,"! MAY 2 CIRCUM/.ES :5 ! PLAN DOES N -PLY ) ^! LIMITS1 S* Z DUR+ A P]IOD ( ABS;E :5 3TRIBU;NS 3T9UE =! MEMB]4 ,,SMEP'S HAV+ S* PLAN T]MS M/ RCV A3EPT.E F ! ,M9I/] ( ,N,NAL ,REV5UE1 O!RWISE !Y C 2 REVOK$4 ,"P ;,B--,CALCULAT+ ,PRESCRIB$ ,-P5S,N ,CALCULAT+ PRESCRIB$ -P5S,N #G4 ,SEC;N #HEJG (! ,REGUL,NS /ATES ! ME?OD = DET]M9+ PRESCRIB$ -P5S,N 9 REL,N 6! DEF9I;N ( -P5S,N 9 #AD ,"P ;,B C#C SUBSEC;N #ADG.A7#A74 ,PRESCRIB$ -P5S,N APPLIES DUR+3 --P]IODS ( 4ABIL;Y 7SEE #H 2L72 & --P]IODS ( REDUC$ PAY OR TEMPOR>Y ABS;E1 9CLUD+ P]IODS ( P>5T+1 : MEET ! REQUIRE;TS = QUALIFY+ P]IODS 7SEE #I 2L74 ,P]IODS ( 4ABIL;Y #H4 ,= -P5S,N 6BE PRESCRIB$ 9 A P]IOD ( 4ABIL;Y1 ! MEMB] M/ 2 4A#D Z DEF9$ 9 SUBSEC;N #HEJJ7#A7 (! ,REGUL,NS "?\T A P]IOD T IS AF #AIIJ4 8,4A#D0 M1NS T ! MEMB] SU6]S F A PHYSICAL OR M5TAL IMPAIR;T T PREV5TS ! MEMB] F P]=M+ ! DUTIES ( EMPLOY;T 9 : ! MEMB] 0 5GAG$ 2F ! IMPAIR;T />T$4 ,"U A M"OY PUR*ASE PROVI.N1 -P5S,N =A P]IOD ( 4ABIL;Y MAY 2 PRESCRIB$ = AN UNLIMIT$ "T4 ,= DEF9$ B5EFITS 6A3RUE DUR+ ! P]IOD ( 4ABIL;Y1 SUBP>AGRAPH #HEJC7#C77A77;IV7 (! ,REGUL,NS REQUIRES T ! MEMB] #AE ,"P ;,B D#C _H BE5 EMPLOY$ 9 ,CANADA BY1 & RCVD REMUN],N F1 A "PICIPAT+ EMPLOY] 2F ! P]IOD ( 4ABIL;Y4 ,X AL PROHIBITS ! A3RUAL ( B5EFITS "U DEF9$ B5EFIT PROVI.NS DUR+ ANY "P (A P]IOD ( 4ABIL;Y AF #AIIJ 9 : AN 9DIVIDUAL IS A P]SON 3NECT$ )A "PICIPAT+ EMPLOY]4 7#C7 7#C7 ,3NECT$ P]SONS "PICIPAT+ "U A M"OY PUR*ASE PROVI.N :O 2COME 4A#D MAY 3T9UE 6A3RUE B5EFITS "U ! PROVI.N4 ,-P5S,N MAY 2 PRESCRIB$ FO ^! 3NECT$ P]SONS4 ,H["E1 AN AM5D;T 6! LEGISL,N IS 2+ 3SID]$ 64ALL[ PRESCRIB+ -P5S,N = ^! 9DIVIDUALS4 ,Z /AT$ 9 P>AGRAPH #HEJG7#B77A7 (! ,REGUL,NS1 ! AM.T ( PRESCRIB$ -P5S,N =A P]IOD ( 4ABIL;Y IS CALCULAT$ Z FOLL[S --! REMUN],N T X IS R1SONA# 6EXPECT ! MEMB] WD H RCVD F ! EMPLOY] IF ! #AF ,"P ;,B E#C MEMB] R5D]$ S]VICES "?\T ! P]IOD ON ! MEMB]'S REGUL> BASIS2 M9US --! MEMB]'S ACTUAL REMUN],N F ! EMPLOY] =! P]IOD4 ,:5 DET]M9+ ! AM.T T X IS R1SONA# 6EXPECT ! 9DIVIDUAL WD H RCVD F ! EMPLOY]1 R1SONA# ADJU/;TS H 6BE MADE = IRREGUL> AM.TS1 S* Z BONUSES1 IF ^! AM.TS 7 PD 9 ! PA/4 ,EXAMPLE #A ,A M"OY PUR*ASE ,,RPP PROVIDES = AN EMPLOY] 63TRIBUTE #AJ@3P (A MEMB]'S BASIC SAL>Y4 ,EMPLOYEES D N 3TRIBUTE 6! PLAN4 ,9 #AIIF1 A MEMB] IS EMPLOY$ FULL-"T & E>NS A BASIC SAL>Y ( 4#DB1JJJ4 ,! MEMB] HAS NO O!R -P5S,N 9 ! YE>4 ,"! >E NO =FEITURES OR SURPLUS 9 ! PLAN4 ,! ,,PA (! MEMB] =! YE> IS3 #AJ@3P ( 4#DB1JJJ EQUALS 4#D1BJJ4 #AG ,"P ;,B F#C ,! ,,PA LIMIT =! MEMB] "U P>AGRAPH #ADG.A7#H77A7 IS ! LESS] (3 --! M"OY PUR*ASE LIMIT = #AIIF1 4#AC1EJJ2 & --------------------------------------#D --#AH@3P (! MEMB]'S -P5S,N ( 4#DB1JJJ1 : IS 4#G1EFJ4 ,! ,,PA ( 4#D1BJJ IS )9 ! ,,PA LIMIT ( 4#G1EFJ4 ,9 #AIIG1 ! MEMB] 2COMES 4A#D AF #B MON?S ( REGUL>1 FULL-"T EMPLOY;T4 ,9/1D (! MEMB]'S EXPECT$ SAL>Y ( 4#DB1HJJ1 ! MEMB] RCVS 4#G1BJJ 9 -P5S,N F ! EMPLOY] =! P]IOD 2F ! 4ABIL;Y4 ,! PLAN PROVIDES T 3TRIBU;NS W 3T9UE DUR+ A P]IOD ( 4ABIL;Y Z ?\< ! MEMB] 7 MAK+ REGUL> E>N+S4 ,! EMPLOY] 3TRIBUTES 4#D1BHJ 7#AJ@3P ( 4#DB1HJJ7 S ! ,,PA IS 4#D1BHJ4 ,! MEMB] IS N EMPLOY$ 0ANY O!R EMPLOY] 9 ! YE>1 & "PICIPATES 9 NO O!R ,,RPP OR ,,DPSP4 #AH ,"P ;,B A#D ,PRESCRIB$ -P5S,N ALL[S ANO!R AM.T 6BE 9CLUD$ 9 ! MEMB]'S -P5S,N4 ,! PRESCRIB$ -P5S,N CALCULAT$ US+ ! =MULA %[N ABV IS3 4#DB1HJJ M9US 4#G1BJJ EQUALS 4#CE1FJJ4 ,! ,,PA LIMIT1 )\T PRESCRIB$ -P5S,N1 WD 2 ! LESS] (3 --#AH@3P ( 4#G1BJJ1 : IS 4#A1BIF2 & --! M"OY PUR*ASE LIMIT =! YE>1 4#AC1EJJ4 ,! ,,PA LIMIT )\T PRESCRIB$ -P5S,N WD 2 4#A1BIF4 ,Z ! ,,PA ( 4#D1BHJ WD 2 M ?AN ! ,,PA LIMITS1 ! PLAN'S REGI/R,N CD 2 REVOK$4 ,0PRESCRIB+ AN AM.T ( -P5S,N1 ! ,,PA LIMIT IS ! LESS] (3 --#AH@3P ( 4#DB1HJJ1 : IS 4#G1GJD2 & --! M"OY PUR*ASE LIMIT =! YE>1 4#AC1EJJ4 ,! ACTUAL ,,PA ( 4#D1BHJ IS )9 ! ,,PA LIMIT ( 4#G1GJD4 ..,! 5TIRE AM.T ( #AI ,"P ;,B B#D 4#CE1FJJ IS PRESCRIB$ EV5 ?\< ! AM.T IS N NE$$ 6SUPPORT ! .,,PA4 ,QUALIFY+ P]IODS #I4 ,QUALIFY+ P]IODS >E DEF9$ 9 P>AGRAPH #HEJG7#C77A7 (! ,REGUL,NS4 ,!Y 9CLUDE P]IODS AF #AIIJ : MEET ! DEF9I;N ( EI AN ELIGI# P]IOD ( REDUC$ PAY 7SEE #AJ 2L7 OR AN ELIGI# P]IOD ( TEMPOR>Y ABS;E 7SEE #AA 2L74 ,AL1 ! P]IODS H 6MEET ! 3DI;NS LI/$ 9 #AB 2L4 ,CUMULATIVE LIMITS APPLY 6QUALIFY+ P]IODS "U P>AGRAPH #HEJG7#B77B7 (! ,REGUL,NS4 ,! CUMULATIVE LIMITS >E3 --FIVE YE>S ( EQUIVAL5T FULL-"T REMUN],N = P]IODS ( REDUC$ PAY & TEMPOR>Y ABS;E2 & --?REE M YE>S ( EQUIVAL5T FULL-"T REMUN],N = P]IODS ( P>5T+4 ,^! CUMULATIVE LIMITS APPLY 6AN 9DIVIDUAL'S EMPLOY;T ) AN EMPLOY]4 ,IF AN 9DIVIDUAL *ANGES EMPLOY]S1 A #BJ ,"P ;,B C#D NEW CUMULATIVE LIMIT W APPLY Z L;G Z ! NEW EMPLOY] D1LS AT >M'S L5G? )! PREVI\S EMPLOY] & 0 N A "PICIPAT+ EMPLOY] 9 ! PREVI\S EMPLOY]'S ,,RPP4 ,ELIGI# P]IODS ( REDUC$ PAY #AJ4 ,AN ELIGI# P]IOD ( REDUC$ PAY IS DEF9$ 9 SUBSEC;N #HEJJ7#A7 (! ,REGUL,NS4 ,X IS A P]IOD ( EMPLOY;T ) AN EMPLOY] DUR+ : ! REMUN],N RCVD 0! MEMB] IS LESS ?AN :AT ! MEMB] CD R1SONABLY EXPECT 6H RCVD IF ! MEMB] "W$ REGUL>LY AT A RATE ( PAY 3SI/5T ) :AT ! MEMB] 0 RCVG 2F ! P]IOD4 ,! REGUL> BASIS ON : ! MEMB] "W$ W USU,Y 2 EI FULL-"T OR "P-"T4 ,IF ! MEMB] IS A P]SON :O IS 3NECT$ )! EMPLOY] AT ANY "T DUR+ ! P]IOD1 T "P (! P]IOD IS N AN ELIGI# P]IOD ( REDUC$ PAY4 ,P]IODS ( 4ABIL;Y >E AL N ELIGI# P]IODS ( REDUC$ PAY4 ,"U ! DEF9I;N1 ! MEMB] M/ H BE5 EMPLOY$ 0! EMPLOY] = AT L1/ #CF MON?S 2F AN ELIGI# P]IOD ( REDUC$ PAY #BA ,"P ;,B D#D C O3UR4 ,H["E1 9 C]TA9 CIRCUM/.ES ( BROADLY BAS$ WAGE ROLLBACKS1 ! #CF MON?S ( EMPLOY;T REQUIR$ MAY N APPLY 7SEE #AD 2L74 ,ELIGI# P]IODS ( TEMPOR>Y ABS;E #AA4 ,Z DEF9$ 9 SUBSEC;N #HEJJ7#A7 (! ,REGUL,NS1 AN ELIGI# P]IOD ( TEMPOR>Y ABS;E IS A P]IOD "?\T : ! MEMB] DOES N R5D] S]VICES 6! EMPLOY] DUE 6A L1VE ( ABS;E1 LAY(F1 /RIKE1 LOCK-\1 OR ANY O!R CIRCUM/.E T IS A3EPT$ 9 WRIT+ 0! ,M9I/] ( ,N,NAL ,REV5UE4 ,CIRCUM/.ES MAY 9CLUDE B >E N LIMIT$ 6P]IODS S* Z3 --$UC,NAL L1VE2 --L1VE DUE 6%ORT-T]M APPO9T;TS 6F$]AL OR PROV9CIAL GOV]N;TS1 -MITTEES1 OR -MIS.NS2 & --P]IODS ( LOAN 6A UNION1 $UC,NAL 9/ITU;N1 OR *>ITA# ORGANIZ,N4 ,AN ELIGI# P]IOD ( TEMPOR>Y ABS;E DOES N 9CLUDE A P]IOD ( 4ABIL;Y NOR #BB ,"P ;,B E#D ANY P]IOD DUR+ : ! 9DIVIDUAL IS A P]SON 3NECT$ )! EMPLOY]4 ,PL1SE WRITE 6! FOLL[+ A4RESS IF Y WANT 6DET]M9E :E!R A "PICUL> CIRCUM/.E N M5;N$ ABV IS A3EPTA#3 ,REGI/]$ ,PLANS ,DIVI.N ,REV5UE ,CANADA ,OTTAWA ,,ON ,K#A;,A #J;,L#E ,Y C AL CALL 7#FAC7 #IED-JDAI 7,5GLI% S]VICE7 OR 7#FAC7 #IED-JICJ 7,FR5* S]VICE74 ,QUALIFY+ P]IOD 3DI;NS #AB4 ,= AN ELIGI# P]IOD ( REDUC$ PAY OR TEMPOR>Y ABS;E 6BE A QUALIFY+ P]IOD = PRESCRIB$ --------------------------------------#E -P5S,N1 SUBSEC;N #HEJG7#C7 (! ,REGUL,NS IMPOSES ! FOLL[+ 3DI;NS3 #BC ,"P ;,B A#E --,DEF9$ B5EFIT PROVI.NS ( ,,RPP'S H 6SPECIFIC,Y PROVIDE = LIFE"T RETIRE;T B5EFITS 6A3RUE Z ?\< ! MEMB] 0 P]=M+ M S]VICES & 0 E>N+ M REMUN],N ?AN IS ! CASE DUR+ ! P]IOD4 ,SIMIL>LY1 M"OY PUR*ASE PROVI.NS ( ,,RPP'S M/ SPECIFIC,Y PROVIDE = 3TRIBU;NS 6BE MADE Z ?\< ! MEMB] 0 E>N+ M REMUN],N ?AN IS ! CASE DUR+ ! P]IOD4 ,! M"OY PUR*ASE 3TRIBU;NS OR DEF9$ B5EFIT A3RUALS M/ 3T9UE "U T]MS (! PLAN T APPLY = P]IODS T >E N REGUL> P]IODS ( EMPLOY;T4 --,! A4I;NAL B5EFITS OR 3TRIBU;NS M/ 2 9CLUD$ 9 ! MEMB]'S ,,PA =! YE>4 ,"U A DEF9$ B5EFIT PROVI.N1 IF ! A4I;NAL B5EFITS >E CR$IT$ AT A LAT] DATE RETROACTIVELY1 A PA/ S]VICE P5.N ADJU/;T 7,,PSPA7 WD G5],Y RESULT 9/1D (A ,,PA4 ,"! WD 2 NO PRESCRIB$ -P5S,N =! P]IOD4 --,3TRIBU;NS 6A ,DEF]R$ ,PR(IT ,%>+ ,PLAN 7,,DPSP7 OR A ,M"OY ,PUR*ASE 7,,MP7 PROVI.N 9 : ! EMPLOY] #BD ,"P ;,B B#E OR NON->M'S L5G? EMPLOY] D N "PICIPATE _C 2 MADE 0OR =! EMPLOYEE =! P]IOD4 --,DEF9$ B5EFITS MAY N A3RUE =! P]IOD "U AN ,,RPP 9 : ! EMPLOY] OR A NON- >M'S L5G? EMPLOY] DOES N "PICIPATE4 ,"P-"T EMPLOYEES #AC4 ,A P]IOD ( "P-"T EMPLOY;T MAY ONLY 2 3SID]$ AN ELIGI# P]IOD ( REDUC$ PAY IF ! BASIS ( EMPLOY;T IS REDUC$ F ! PREVI\S P]IOD4 ,! EMPLOY] DOES N H 6IMPOSE A REDUC$ BASIS ( EMPLOY;T4 ,! EMPLOYEE C REDUCE ! BASIS ( EMPLOY;T4 ,"P-"T EMPLOY;T DOES N L1D 6AN ELIGI# P]IOD ( TEMPOR>Y ABS;E Z L;G Z ! MEMB] 3T9UES 6GIVE S]VICES 6! EMPLOY]1 EV5 IF ON A REDUC$ BASIS 7SEE ,EXAMPLE #D 2L74 #BE ,WAGE FREEZES & ROLLBACKS C#E #AD4 ,A WAGE FREEZE RESULTS 9 A P]MAN5T WAGE ADJU/;T R ?AN A TEMPOR>Y WAGE REDUC;N4 ,Z A RESULT1 X DOES N QUALIFY Z AN ELIGI# P]IOD ( REDUC$ PAY4 ,-P5S,N IS N PRESCRIB$ = WAGE FREEZES4 ,BROADLY BAS$ WAGE ROLLBACKS "U AU/];Y PROGRAMS MAY QUALIFY = PRESCRIB$ -P5S,N1 EV5 IF "! IS NO REDUC;N 9 "T "W$ 0PLAN MEMB]S4 ,= S* ROLLBACKS1 ! #CF-MON? EMPLOY;T REQUIRE;T "U ! DEF9I;N ( ELIGI# P]IOD ( REDUC$ PAY MAY N ALW APPLY4 ,3TACT U AT ! A4RESS GIV5 9 #AA ABV 6DET]M9E IF A WAGE ROLLBACK SITU,N QUALIFIES = PRESCRIB$ -P5S,N 7#D74 ,GIVE U ! DETAILS (! PROGRAM1 9CLUD+3 7#D7 ,! LEGISL,N DOES N P]MIT P]IODS ( WAGE ROLLBACK 6QUALIFY = PRESCRIB$ -P5S,N IF "! IS NO REDUC;N 9 "T "W$ 2C ! P]IOD IS 3SID]$ 6BE A REGUL> P]IOD ( EMPLOY;T &! MEMB] IS 3SID]$ 6BE #BF ,"P ;,B D#E "W+ REGUL>LY4 ,AN AM5D;T 6! LEGISL,N IS "U 3SID],N 6ALL[ S* P]IODS 6QUALIFY = PRESCIB$ -P5S,N4 ,9 ! M1N"T1 WE >E ALL[+ "S ,,RPP'S 6BE ADM9I/]$ Z ?\< PRESCRIB$ -P5S,N APPLI$ IF ! WAGE ROLLBACK IS BROADLY BAS$ & RESULT$ F AN AU/];Y PROGRAM4 --! CIRCUM/.ES L1D+ 6! ROLLBACK 7E4G4 LEGISLAT$ OR NEGOTIAT$72 --! NUMB] ( EMPLOYEES A6ECT$2 --! DUR,N (! ROLLBACK2 --! NUMB] ( EMPLOYEES :O H N BE5 EMPLOY$ 0_! CURR5T EMPLOY] = #CF MON?S & _! L5G? ( EMPLOY;T2 & --! PLAN "N & REGI/R,N NUMB]4 ,FIVE-YE> CUMULATIVE LIMIT #AE4 ,"U SUBSEC;N #HEJG7#B7 (! ,REGUL,NS1 ! AM.T ( PRESCRIB$ -P5S,N =A QUALIFY+ P]IOD IS ! A4I;NAL REMUN],N T ! MEMB] WD H E>N$ IF ! MEMB] _H R5D]$ S]VICES REGUL>LY4 ,? IS SUBJECT 6A CUMULATIVE LIMIT ( #BG ,"P ;,B E#E FIVE YE>S ( PO/-#AIIJ FULL-"T EQUIVAL5T REMUN],N1 : C 2 PRESCRIB$ = EMPLOY;T ) "O EMPLOY]4 ,?REE M YE>S ( FULL-"T EQUIVAL5T REMUN],N MAY 2 PRESCRIB$ = P]IODS ( P>5T+ 7SEE #AF 2L74 ,Z PROVID$ "U SUBSEC;N #HEJG7#D7 (! ,REGUL,NS1 ! CUMULATIVE LIMIT APPLIES 6! TOTAL ( ALL QUALIFY+ P]IODS =3 --EMPLOY;T )! CURR5T EMPLOY]2 --EMPLOY;T ) ANY O!R EMPLOY]S T "PICIPATE 9 AN ,,RPP 9 : ! EMPLOY] "PICIPATES =! B5EFIT (! 9DIVIDUAL2 & --! ,,RPP'S ( ANY EMPLOY]S T D N D1L AT >M'S L5G? )! CURR5T EMPLOY]4 ,ONCE ! CUMULATIVE LIMIT HAS BE5 R1*$1 ! REGI/R,N (! PLAN CD 2COME REVOCA# IF B5EFITS 3T9UE 6A3RUE DUR+ AN ELIGI# P]IOD ( REDUC$ PAY OR TEMPOR>Y ABS;E4 ,? DEP5DS ON :E!R M"OY PUR*ASE 3TRIBU;NS OR DEF9$ B5EFIT A3RUALS CAUSE ! ,,PA LIMITS 9 SUBSEC;NS #ADG.A7#H7 & 7#I7 6BE EXCE$$4 #BH ,"P ;,B F#E ,EXAMPLE #B--,BASIC CALCUL,N = QUALIFY+ P]IODS ,A MEMB] TAKES ?REE MON?S ( UNPD L1VE ( ABS;E F REGUL>1 FULL-"T EMPLOY;T4 ,? IS ! MEMB]'S F/ 9T]RUP;N 9 A C>E] ) ? EMPLOY] &! MEMB] HAS N"E BE5 EMPLOY$ 0ANY O!R EMPLOY]4 ,IF ! MEMB] _H "W$ =! FULL YE>1 ! MEMB] WD H E>N$ 4#DJ1JJJ4 ,Z A RESULT (! L1VE ( ABS;E1 ! MEMB] E>N$ 4#CJ1JJJ4 ,3TRIBU;NS >E MADE 6! --------------------------------------#F M"OY PUR*ASE ,,RPP T ! MEMB]'S EMPLOY] SPONSOR$ Z ?\< ! MEMB] 7 "W+ ! FULL YE> AT ! FULL RATE ( PAY4 ,S9CE ? IS ! F/ QUALIFY+ P]IOD 9 ! MEMB]'S C>E] & X IS LESS ?AN FIVE YE>S1 "! IS NO NE$ 63SID] :E!R ! MEMB]'S FIVE-YE> CUMULATIVE LIMIT HAS BE5 US$4 ,! PRESCRIB$ -P5S,N =! P]IOD ( TEMPOR>Y ABS;E IS 4#AJ1JJJ4 ,9 ? CASE1 CALCULATE X Z FOLL[S3 #BI ,"P ;,B A#F --! REMUN],N T X IS R1SONA# 6EXPECT ! MEMB] WD H RCVD F ! EMPLOY] =! L1VE ( ABS;E 74#AJ1JJJ72 M9US --! ACTUAL REMUN],N =! P]IOD ( ABS;E 74#J74 ,! PRESCRIB$ -P5S,N =! YE>1 4#AJ1JJJ1 W 5SURE T ! ,,PA LIMITS 9 SUBSEC;NS #ADG.A7#H7 & 7#I7 >E N EXCE$$1 EV5 ?\< 3TRIBU;NS 3T9UE 6BE MADE Z ?\< ! MEMB] 0 "W+ =! FULL YE> AT ! USUAL RATE ( PAY4 ,! MEMB] HAS N[ US$ "P (! FIVE YE>S ( FULL-"T EQUIVAL5T REMUN],N T C 2 PRESCRIB$4 ,! "P US$ 9 ! YE> IS ! A4I;NAL -P5S,N FRAC;N "U SUBSEC;N #HEJG7#E7 (! ,REGUL,NS4 ,! A4I;NAL -P5S,N FRAC;N IS ;,E DIVID$ 0;,D ":3 #CJ ,"P ;,B B#F ;,E IS ! PRESCRIB$ -P5S,N AM.T =! YE>2 & ;,D IS ! REMUN],N ! MEMB] WD H RCVD F ! EMPLOY] IF ! MEMB] "W$ FULL-"T "?\T ! YE> AT A RATE ( REMUN],N 3SI/5T )! MEMB]'S REMUN],N 2F ! P]IOD4 ,9 ? CASE1 ;,E EQUALS 4#AJ1JJJ & ;,D EQUALS 4#DJ1JJJ4 ;,E DIVID$ 0;,D EQUALS #J.BE ,! A4I;NAL -P5S,N FRAC;N IS #J.BE4 ,! PLAN ADM9I/RATOR HAS 6TOTAL ALL A4I;NAL -P5S,N FRAC;NS =! MEMB] 65SURE T ! FIVE-YE> CUMULATIVE LIMIT IS N EXCE$$4 ,! RESULT+ CUMULATIVE A4I;NAL -P5S,N FRAC;N 7#E7 IS A M1SURE (! AM.T ( PRESCRIB$ -P5S,N T HAS BE5 US$ UP =A MEMB] = AN EMPLOY]4 #CA ,"P ;,B C#F 7#E7 ,DEF9$ 9 SUBSEC;N #HEJG7#D7 (! ,REGUL,NS4 ,Z /AT$ E>LI]1 ? IS ! F/ L1VE ( ABS;E 9 ! MEMB]'S C>E] )! EMPLOY] &! MEMB] HAS N"E "W$ = ANY O!R "PICIPAT+ EMPLOY]4 ,! CUMULATIVE A4I;NAL -P5S,N FRAC;N IS #J.BE4 ,? L1VES A POT5TIAL ( #D.GE YE>S WOR? ( FULL-"T REMUN],N = FUTURE PRESCRIB$ -P5S,N = T EMPLOY]4 ,EXAMPLE #C--,FIVE-YE> CUMULATIVE TE/ ,S"EAL YE>S LAT]1 ! MEMB] IS / EMPLOY$ 0! SAME EMPLOY]4 ,! MEMB] HAS TAK5 S"EAL UNPD L1VES ( ABS;E TOTALL+ #D.E YE>S F REGUL> FULL-"T EMPLOY;T )! EMPLOY]4 ,EA* "T1 3TRIBU;NS 7 MADE 6! M"OY PUR*ASE ,,RPP SPONSOR$ 0! MEMB]'S EMPLOY] Z ?\< ! MEMB] 0 "W+ NORM,Y & AT A FULL RATE ( PAY4 ,! MEMB] W 2 TAK+ ANO!R UNPD L1VE ( ABS;E1 ? "T =A FULL CAL5D> YE>4 ,! EMPLOY] E/IMATES T ! MEMB] WD NORM,Y H E>N$ 4#EJ1JJJ 9 ! YE>1 BAS$ ON ! 9CR1SES ! EMPLOY] #CB ,"P ;,B D#F HAS PD 6O!R EMPLOYEES 9 SIMIL> POSI;NS4 ,DUE 6! L1VE ( ABS;E1 ! MEMB] W H NO E>N+S 9 ! YE>4 ,? "T1 ! ADM9I/RATOR W H 6TAKE 96A3.T ! FIVE-YE> CUMULATIVE LIMIT 6DET]M9E H[ M* -P5S,N W 2 PRESCRIB$4 ,F/ ! ADM9I/RATOR DOES ! BASIC CALCUL,N1 Z %[N 9 ,EXAMPLE #B ABV4 ,9 ? CASE1 ! PRESCRIB$ -P5S,N IS 4#EJ1JJJ M9US 4#J EQUALS 4#EJ1JJJ4 ,! FIVE-YE> CUMULATIVE LIMIT TE/ IS A =MULA F P>AGRAPH #HEJG7#B77B7 (! ,REGUL,NS4 ,X IS3 7#E M9US ;,C7 MULTIPLI$ 0;,D1 ": ;,C IS ! CUMULATIVE A4I;NAL -P5S,N FRAC;N2 & ;,D IS ! REMUN],N ! MEMB] WD H RCVD F ! EMPLOY] IF ! MEMB] "W$ FULL-"T #CC ,"P ;,B E#F "?\T ! YE> AT A RATE ( REMUN],N 3SI/5T )! MEMB]'S REMUN],N 2F ! P]IOD4 ,S9CE 3TRIBU;NS H PREVI\SLY BE5 MADE =! MEMB] DUR+ L1VES ( ABS;E TOTALL+ #D.E YE>S1 ! CUMULATIVE A4I;NAL -P5S,N FRAC;N IS #D.E4 ;,C EQUALS #D.E ;,D EQUALS 4#EJ1JJJ 7#E M9US #D.E7 MULTIPLI$ 0;,D EQUALS #J.E MULTIPLI$ 04#EJ1JJJ EQUALS 4#BE1JJJ ,Z ! FIVE-YE> CUMULATIVE LIMIT IS ATTA9$ 9 ! YE>1 ! ADM9I/RATOR C ONLY PRESCRIBE AN A4I;NAL 4#BE1JJJ Z -P5S,N "U SUBSEC;N #ADG.A7#A74 ,! PLAN'S REGI/R,N W 2 REVOCA# IF 3TRIBU;NS MADE =! MEMB] RESULT 9 A ,,PA T IS M ?AN ! LIMITS 9 SUBSEC;NS #ADG.A7#H7 & 7#I74 #CD ,"P ;,B F#F ,EXAMPLE #D--,REGUL> "P-"T EMPLOYEE ,A MEMB] TAKES A ?REE-MON? UNPD L1VE ( ABS;E F REGUL>1 "P-"T EMPLOY;T4 ,ON A FULL-"T BASIS1 ! MEMB]'S REMUN],N WD NORM,Y 2 4#CF1JJJ =A FULL YE>4 ,IF ! MEMB] _H "W$ "P "T =! FULL YE>1 ! MEMB] WD H _H E>N+S ( 4#AH1JJJ4 ,? IS ! MEMB]'S F/ 9T]RUP;N 9 A C>E] ) ? EMPLOY]4 ,! MEMB] PREVI\SLY "W$ = ANO!R EMPLOY] :O IS N AT >M'S L5G? )! CURR5T EMPLOY]1 B T EMPLOY] DID N SPONSOR A P5.N PLAN4 ,? MEMB]'S REGUL> REMUN],N =! #C-MON? P]IOD1 ON A "P-"T BASIS1 WD H BE5 4#D1EJJ4 ,! ACTUAL REMUN],N =! UNPD L1VE ( ABS;E IS 4#J4 ,! --------------------------------------#G PRESCRIB$ -P5S,N US+ ! BASIC CALCUL,N Z 9 ,EXAMPLE #B ABV IS3 4#D1EJJ M9US 4#J EQUALS 4#D1EJJ #CE ,"P ;,B A#G ,! ADM9I/RATOR M/ DET]M9E ! A4I;NAL -P5S,N FRAC;N1 ;,E DIVID$ 0;,D1 ":3 ;,E IS ! PRESCRIB$ -P5S,N AM.T =! YE>2 & ;,D IS ! REMUN],N ! MEMB] WD H RCVD F ! EMPLOY] IF ! MEMB] "W$ FULL "T "?\T ! YE> AT A RATE ( PAY 3SI/5T )! MEMB]'S REMUN],N 2F ! P]IOD4 ;,E DIVID$ 0;,D EQUALS 4#D1EJJ DIVID$ 04#CF1JJJ EQUALS #J.ABE ,S9CE ! A4I;NAL -P5S,N FRAC;N IS #J.ABE1 ! MEMB] HAS ROOM = #D.HGE M YE>S ( PRESCRIB$ -P5S,N BAS$ ON FULL- "T E>N+S4 ,P]IODS ( P>5T+ #AF4 ,P>AGRAPH #HEJG7#C77B7 (! ,REGUL,NS DEF9ES A P]IOD ( P>5T+ ( AN 9DIVIDUAL = PRESCRIB$ -P5S,N PURPOSES4 ,X #CF ,"P ;,B B#G />TS AT ! BIR? (A * ( :OM ! 9DIVIDUAL IS A NATURAL P>5T OR :5 ! 9DIVIDUAL ADOPTS A * & 5DS #AB MON?S LAT]4 ,P]IODS ( P>5T+ M/ MEET ! 3DI;NS = QUALIFY+ P]IODS /AT$ 9 #AB ABV1 9CLUD+ ! REQUIRE;T T !Y MEET ! DEF9I;N ( EI ELIGI# P]IOD ( REDUC$ PAY OR ELIGI# P]IOD ( TEMPOR>Y ABS;E4 ,?REE-YE> CUMULATIVE LIMIT #AG4 ,CALCULAT+ PRESCRIB$ -P5S,N = P]IODS ( P>5T+ IS SIMIL> 6CALCULAT+ PRESCRIB$ -P5S,N = O!R QUALIFY+ P]IODS4 ,"U SUBSEC;N #HEJG7#C7 (! ,REGUL,NS1 A CUMULATIVE LIMIT ( ?REE YE>S ( EQUIVAL5T FULL-"T REMUN],N ON QUALIFY+ P]IODS : >E AL P]IODS ( P>5T+ IS A4$ 6! G5]AL FIVE-YE> CUMULATIVE LIMIT ON QUALIFY+ P]IODS4 ,SUBSEC;N #HEJG7#D7 (! ,REGUL,NS REQUIRES T ! ?REE-YE> CUMULATIVE LIMIT APPLY 6! TOTAL ( ALL P]IODS ( P>5T+ =3 --EMPLOY;T )! CURR5T EMPLOY]2 #CG ,"P ;,B C#G --EMPLOY;T ) ANY O!R EMPLOY]S T "PICIPATE 9 AN ,,RPP 9 : ! EMPLOY] "PICIPATES =! B5EFIT (! 9DIVIDUAL2 & --,,RPP'S ( ANY EMPLOY]S T D N D1L AT >M'S L5G? )! CURR5T EMPLOY]4 ,EXAMPLE #E--,P>5T+ ,DUR+ A CAL5D> YE>1 A MEMB] TAKES A SIX-MON? P]IOD ( P>5T+ L1VE1 />T+ AT ! BIR? (! MEMB]'S *4 ,! MEMB] USU,Y "WS FULL-"T4 ,IF ! MEMB] _H "W$ =! FULL YE>1 ! MEMB] WD H E>N$ 4#CH1JJJ4 ,DUR+ ! SIX MON?S :5 ! MEMB] 0 N ON L1VE1 ! MEMB] E>N$ 4#AI1JJJ4 ,DUR+ ! P>5TAL L1VE1 ! MEMB] E>N$ 4#AA1JJJ4 ,"U ! ,,RPP SPONSOR$ 0! MEMB]'S EMPLOY]1 DEF9$ B5EFITS 3T9UE 6A3RUE Z ?\< ! MEMB] 0 / "W+ AT A REGUL> RATE ( PAY4 ,? IS ! MEMB]'S F/ P]IOD ( P>5T+4 ,2C ? P>5TAL L1VE IS = LESS ?AN #AB MON?S & IS ! F/ P]IOD ( P>5T+ 9 ! MEMB]'S C>E]1 "! IS NO NE$ 63SID] :E!R ! MEMB]'S ?REE-YE> CUMULATIVE #CH ,"P ;,B D#G LIMIT HAS BE5 US$ UP4 ,! PRESCRIB$ -P5S,N1 US+ ! BASIC CALCUL,N Z 9 ,EXAMPLE #B ABV IS3 4#AI1JJJ M9US 4#AA1JJJ EQUALS 4#H1JJJ ,! PLAN ADM9I/RATOR M/ DET]M9E H[ M* (! MEMB]'S ?REE-YE> LIMIT ON PRESCRIB$ -P5S,N = P]IODS ( P>5T+ ? L1VE W USE4 ,6D ?1 ! ADM9I/RATOR CALCULATES ! RATIO (! BASIC CALCUL,N 7Z 9 #AE ABV7 =! P]IOD ( P>5T+ 6:AT FULL-"T1 FULL- YE> REMUN],N WD H BE5 IF N =! P]IOD ( P>5T+4 ,9 ? CASE1 X IS3 4#H1JJJ DIVID$ 04#CH1JJJ OR #.BAJ ,! MEMB] HAS US$ #.BAJ (A YE> \ (! POT5TIAL ?REE YE>S = P]IODS ( P>5T+ = : -P5S,N WD 2 PRESCRIB$4 ,PRESCRIB$ -P5S,N APPLIES = EA* P]IOD ( P>5T+ DUR+ : B5EFITS USU,Y A3RUE 9 AN ,,RPP4 ,9 ! SIMPLE/ SC5>IO1 A FULL- #CI ,"P ;,B E#G "T ,,RPP MEMB] WD H PRESCRIB$ -P5S,N = ?REE SEP>ATE1 FULL-"T P]IODS ( P>5T+4 ,IF A FULL YE> ( PRESCRIB$ -P5S,N DOES N RESULT F A P]IOD ( P>5T+ Z 9 ! ABV EXAMPLE1 ! "P LEFT W =M AN A4I;NAL P]IOD ( P>5T+4 ,9 ! EXAMPLE1 "! WD 2 #B.GI 7#C.J M9US #.BAJ7 YE>S WOR? ( PRESCRIB$ -P5S,N = P>5TAL L1VE REMA9+4 ,= EXAMPLE1 ! #B.GI YE>S CD 2COME AT L1/ ?REE SEP>ATE P]IODS ( P>5T+ L1VE3 TWO "O-YE> P]IODS & "O P]IOD ( #.GI (A YE>4 ,EA* P]IOD WD H 6MEET ! DEF9I;N ( P]IOD ( P>5T+ &! 3DI;NS =A QUALIFY+ P]IOD = -P5S,N 6BE PRESCRIB$4 ,P]IOD ( P>5T+ T IS M ?AN #AB MON?S #AH4 ,IF A MEMB]'S P]IOD ( REDUC$ PAY OR TEMPOR>Y ABS;E = P>5T+ IS M ?AN ! #AB MON?S /AT$ 9 ! DEF9I;N ( P]IOD ( P>5T+ 9 P>AGRAPH #HEJG7#C77B7 (! ,REGUL,NS1 ONLY ! F/ #AB MON?S G5]ATE #DJ ,"P ;,B F#G PRESCRIB$ -P5S,N =A P]IOD ( P>5T+4 ,IF ! PLAN PROVIDES = B5EFITS 63T9UE 6GR[ NORM,Y AF ! F/ #AB-MON? P]IOD1 ! REMA9+ P]IOD IS TR1T$ Z ANY O!R QUALIFY+ P]IOD4 ,"!=E1 -P5S,N C 3T9UE 6BE PRESCRIB$ Z L;G Z ! 3DI;N =A QUALIFY+ P]IOD IS MET &! FIVE-YE> LIMIT = ELIGI# L1VES ( ABS;E OR REDUC$ PAY HAS N BE5 R1*$4 --------------------------------------#H ,PLAN ADM9I/RATOR'S RESPONSIBIL;Y #AI4 ,X IS ! RESPONSIBIL;Y (! PLAN ADM9I/RATOR 65SURE T ! PLAN IS ADM9I/]$ AC 6XS T]MS Z REGI/]$4 ,! PLAN M/ MEET ! PRESCRIB$ 3DI;NS = REGI/R,N /AT$ 9 SUBSEC;N #HEJA7#A7 (! ,REGUL,NS1 : 9CLUDE ! 3DI;N T "! 2 NO R1SON 6EXPECT T ! PLAN MAY 2COME REVOCA# DUE 6! ,,PA LIMITS 9 SUBSEC;NS #ADG.A7#H7 & 7#I7 2+ EXCE$$4 #DA ,"P ;,B A#H ,DEP5D+ ON ! PLAN T]MS & ON ! EXI/;E ( NON->M'S L5G? EMPLOY]S :O SPONSOR ,,RPP'S1 X MAY 2 NEC =! PLAN ADM9I/RATOR 65SURE T ! CUMULATIVE LIMITS = QUALIFY+ P]IODS H N BE5 EXCE$$4 ,ACLY1 ! ADM9I/RATOR MAY H 6KEEP TRACK ( PRESCRIB$ -P5S,N A3UMULAT$ = EA* MEMB] = EMPLOY;T )3 --! CURR5T EMPLOY]2 --O!R EMPLOY]S :O "PICIPATE 9 ! PLAN2 & --EMPLOY]S :O D N D1L AT >M'S L5G? )! CURR5T EMPLOY]4 ,S9CE "! IS NO CUMULATIVE LIMIT ON PRESCRIB$ -P5S,N = P]IODS ( 4ABIL;Y1 ! PLAN ADM9I/RATOR DOES N H 6KEEP TRACK (! CUMULATIVE AM.TS ( PRESCRIB$ -P5S,N = S* P]IODS4 #DB ,"P ;,C--,SPECIAL ,SITU,NS B#H ,=EIGN S]VICE #BJ4 ,=A QUALIFY+ P]IOD T IS AL A P]IOD ( =EIGN S]VICE1 ! ,M9I/] HAS IMPOS$ C]TA9 A4I;NAL 3DI;NS : FUR!R RE/RICT ! AM.T ( -P5S,N : C 2 PRESCRIB$4 ,= M 9=M,N AB H[ =EIGN S]VICE A6ECTS AN ,,RPP1 SEE \R NEWSLR CALL$ ,=EIGN ,S]VICE ,NEWSLR #IC-B4 ,LOAN$ EMPLOYEES #BA4 ,"U SUBSEC;N #HCJH7#G7 & SUBSEC;N #HEJG7#E7 (! ,REGUL,NS1 SPECIAL RULES APPLY :5 A MEMB] TAKES AN ELIGI# L1VE ( TEMPOR>Y ABS;E F EMPLOY;T ) "O EMPLOY] "U C]TA9 CIRCUM/.ES4 ,PRESCRIB$ -P5S,N W APPLY =! L1VE ( ABS;E )\T REDUC+ ! MEMB]'S FIVE-YE> CUMULATIVE LIMIT "U ! FOLL[+ 3DI;NS3 #DC ,"P ;,C C#H --,! BORR[+ EMPLOY] IS AT >M'S L5G? )! L5D+ EMPLOY] & DOES N "PICIPATE 9 ! L5D+ EMPLOY]'S ,,RPP4 --,! MEMB] GIVES S]VICES 6! BORR[+ EMPLOY] & RCVS REMUN],N F T EMPLOY] = ^? S]VICES4 --,B5EFITS 3T9UE 6A3RUE 6! MEMB] "U A DEF9$ B5EFIT PROVI.N (! PLAN 9 : ! L5D+ EMPLOY] "PICIPATES OR ! L5D+ EMPLOY] 3T9UES 6MAKE 3TRIBU;NS =! MEMB] 6A M"OY PUR*ASE PROVI.N (! PLAN4 ,IF ^! 3DI;NS >E MET1 "U P>AGRAPHS #HCJH7#G77D7 & 7E7 (! ,REGUL,NS DEF9$ B5EFIT A3RUALS & M"OY PUR*ASE 3TRIBU;NS T RELATE 6! REMUN],N RCVD F ! BORR[+ EMPLOY] W 2 REFLECT$ 9 A SEP>ATE ,,PA = T EMPLOY]4 ,DEP5D+ ON ! PLAN T]MS1 ! L5D+ EMPLOY] MAY CALCULATE ! EMPLOYEE'S ,,PA BAS$ ON E>N+S T WD H BE5 PD IF ! EMPLOYEE 0 N ON LOAN4 ,"U P>AGRAPH #HCJH7#G77C7 (! ,REGUL,NS1 ! BORR[+ EMPLOY] IS 3SID]$ 6BE A "PICIPAT+ EMPLOY] = #DD ,"P ;,C D#H PURPOSES (! DEF9I;N 9 SUBSEC;N #ADG.A7#A7 &! ,,PA LIMITS 9 SUBSEC;NS #ADG.A7#H7 & 7#I74 ,! E6ECT ( SUBSEC;N #HCJH7#G7 (! ,REGUL,NS IS T AN AM.T T WD O!RWISE 2 ! MEMB]'S P5.N CR$IT =! L5D+ EMPLOY] IS ! P5.N CR$IT (! BORR[+ EMPLOY]4 ,SAL>Y DEF]RAL L1VE PLANS #BB4 ,0"PICIPAT+ 9 A SAL>Y DEF]RAL L1VE PLAN Z DESCRIB$ 9 P>AGRAPH #FHJA7A7 OR 7B7 (! ,REGUL,NS1 AN EMPLOYEE C DEF] RCVG "P ( 8 OR H] SAL>Y OR WAGES = TAX PURPOSES4 ,EMPLOYEES C USE S* PLANS 9 CO-OP],N ) _! EMPLOY]S 6SELF-FUND SA2ATICALS & O!R L1VES ( ABS;E4 ,"U P>AGRAPH #HEJH7A7 (! ,REGUL,NS1 A P]IOD "?\T : AN EMPLOYEE DEF]S SAL>Y OR WAGES "U A WRITT5 AGREE;T T IS "P (A SAL>Y DEF]RAL L1VE PLAN1 DESCRIB$ 9 P>AGRAPHS #FHJA7A7 OR 7B7 (! ,REGUL,NS1 IS 3SID]$ 6BE AN #DE ,"P ;,C E#H ELIGI# P]IOD ( REDUC$ PAY4 ,Z A RESULT1 ! DEF]RAL P]IOD MAY 2 A QUALIFY+ P]IOD = PRESCRIB$ -P5S,N4 ,"U P>AGRAPH #HEJH7B7 (! ,REGUL,NS1 ! RATE ( REMUN],N 6BE US$ = CALCULAT+ PRESCRIB$ -P5S,N DUR+ ! DEF]RAL P]IOD IS ! AM.T T X IS R1SONA# 63SID] ! EMPLOYEE WD H BE5 PD B =! SAL>Y DEF]RAL L1VE PLAN4 ,RETROACTIVE 3TRIBU;NS & B5EFIT A3RUALS #BC4 ,"U SUBSEC;NS #HCJH7#D71 7#E71 & 7#F7 (! ,REGUL,NS1 ! RETROACTIVE A3RUAL ( DEF9$ B5EFITS & RETROACTIVE M"OY PUR*ASE 3TRIBU;NS = P]IODS ( REDUC$ S]VICES MAY RESULT 9 REDET]M9$ ,,PA'S =! YE>S 6: ! A3RUALS OR 3TRIBU;NS RELATE4 ,! ,,PA LIMITS 9 SUBSEC;NS #ADG.A7#H7 & 7#I7 >E BAS$ ON ! REDET]M9$ ,,PA'S = ^? YE>S4 ,! -P5S,N "P (! LIMITS 9CLUDES #DF ,"P ;,C F#H PRESCRIB$ -P5S,N Z IF ! DEF9$ B5EFITS A3RU$ &! M"OY PUR*ASE 3TRIBU;NS 7 MADE CURR5TLY R ?AN RETROACTIVELY4 ,X IS ! RESPONSIBIL;Y (! PLAN ADM9I/RATOR 65SURE T ! RETROACTIVE DEF9$ B5EFIT A3RUAL OR M"OY PUR*ASE 3TRIBU;N W N CAUSE ! ,,PA LIMITS BAS$ ON PRESCRIB$ -P5S,N 6BE EXCE$$ RETROACTIVELY4 --------------------------------------#I ,RETROACTIVE DEF9$ B5EFIT A3RUALS #BD4 ,"S DEF9$ B5EFIT PROVI.NS PROVIDE T B5EFITS W 3T9UE 6A3RUE DUR+ A P]IOD ( REDUC$ S]VICES4 ,9 O!R CASES1 ! MEMB] OR EMPLOY] MAY DECIDE AF ! P]IOD 6RECOGNIZE ! P]IOD Z P5.NA# S]VICE4 ,9 A3ORD.E ) SUBSEC;N #HCJH7#D7 (! ,REGUL,NS1 PROVID+ ^! RETROACTIVE B5EFITS W RESULT 9 EI 9CR1S$ ,,PA'S OR A ,,PSPA1 DEP5D+ ON :5 !Y >E PROVID$ 6! MEMB]4 #DG ,"P ;,C A#I ,! REDET]M9,N ( ,,PA'S "U SUBSEC;N #HCJH7#D7 (! ,REGUL,NS APPLIES ONLY IF RETROACTIVE B5EFITS 2COME PROVID$ ON OR 2F ,APRIL #CJ (! YE> AF ! CAL5D> YE> 9 : ! P]IOD ( REDUC$ S]VICES 5DS4 ,? M1NS T :5 S* A P]IOD SPANS TWO OR M YE>S1 ! DECI.N Z 6:E!R 6PROVIDE B5EFITS = ALL OR ANY "P (! P]IOD C 2 DEF]R$ UNTIL AF ! 5D (! P]IOD4 ,IF ! RETROACTIVE B5EFITS >E PROVID$ AF ,APRIL #CJ (! YE> AF ! YE> 9 : ! MEMB]'S P]IOD ( ABS;E 5D$1 !N ! PLAN ADM9I/RATOR HAS 6CALCULATE & REPORT A ,,PSPA =! MEMB]4 ,WE H 6C]TIFY ! ,,PSPA4 ,! MEMB]'S CUMULATIVE -P5S,N FRAC;N IS N A6ECT$4 ,RETROACTIVE M"OY PUR*ASE 3TRIBU;NS #BE4 ,9 A3ORD.E ) SUBSEC;NS #HCJA7#D7 & #HCJA7#AA7 (! ,REGUL,NS1 ALL 3TRIBU;NS 6M"OY PUR*ASE PROVI.NS >E 9CLUD$ #DH ,"P ;,C B#I 9 ! ,,PA =! YE> 9 : !Y >E PD1 EXCEPT T 3TRIBU;NS PD 0! 5D ( ,FEBRU>Y (! NEXT YE> MAY 2 9CLUD$ 9 ! PREVI\S YE>'S ,,PA IF !Y C R1SONABLY 2 3SID]$ 6RELATE 6! PREVI\S YE>4 ,! SPECIAL RULES 9 SUBSEC;NS #HCJH7#E7 & 7#F7 (! ,REGUL,NS APPLY 6A RETROACTIVE M"OY PUR*ASE 3TRIBU;N ": ! 3TRIBU;N IS MADE OR A -MIT;T 63TRIBUTE IS MADE1 ON OR 2F ,APRIL #CJ (! YE> AF ! CAL5D> YE> 9 : ! P]IOD ( REDUC$ S]VICES 5DS4 ,": ! SPECIAL RULES APPLY1 ! REDET]M9$ ,,PA ( AN 9DIVIDUAL = EA* YE> T 9CLUDES A P]IOD ( REDUC$ S]VICES = : RETROACTIVE 3TRIBU;NS >E MADE IS 3SID]$ 6BE ! AM.T T WD H BE5 ! 9DIVIDUAL'S ,,PA IF ! RETROACTIVE 3TRIBU;NS _H BE5 MADE 9 ! YE> 6: !Y RELATE4 #DI ,"P ;,D--,MAXIMUM ,P5.N C#I ,RULES ,! ,MAXIMUM P5.N RULE #BF4 ,! MAXIMUM P5.N RULE IS /AT$ 9 SEC;N #HEJD (! ,REGUL,NS4 ,X LIMITS ! AM.T ( P5.N T MAY 2 PROVID$ 6A MEMB] "U A DEF9$ B5EFIT PROVI.N ( AN ,,RPP4 ,S9CE ! MAXIMUM P5.N CALCUL,N IS BAS$ "PLY ON A MEMB]'S -P5S,N1 PRESCRIB+ -P5S,N MAY PREV5T A REDUC;N 9 A MEMB]'S MAXIMUM P5.N = SITU,NS ": ! MEMB] HAS A P]IOD ( REDUC$ S]VICES AT A "T ( HI< E>N+S4 ,BASIC MAXIMUM P5.N RULE #BG4 ,Z /AT$ 9 SUBP>AGRAPH #HEJD7#A77A77;II7 (! ,REGUL,NS1 = YE>S 9 : ! MEMB] 0 N1 AT ANY "T1 A P]SON 3NECT$ )A "PICIPAT+ EMPLOY]1 ! MAXIMUM AM.T ( ANNUAL LIFE"T P5.N 9 ! YE> 9 : ! P5.N />TS 6BE PD IS ! LESS] (3 #EJ ,"P ;,D D#I --#B@3P ( HI X />T$ MULTIPLI$ 0! NUMB] ( YE>S1 9CLUD+ ANY "P (A YE>1 ( P5.NA# S]VICE2 & --! DEF9$ B5EFIT LIMIT =! YE> MULTIPLI$ 0! NUMB] ( YE>S1 9CLUD+ ANY "P (A YE>1 ( P5.NA# S]VICE4 ,G5],Y1 HI YE> IS ADJU/$ 6REFLECT 9CR1SES 9 ! AV]AGE WAGE AF #AIHF4 ,P5.NA# S]VICE M1NS ^? P]IODS ( S]VICE = : B5EFITS >E PROVID$ "U ! PROVI.NS (A PLAN4 #EA ,MAXIMUM P5.N RULE = 3NECT$ E#I P]SONS #BH4 ,! MAXIMUM LIFE"T RETIRE;T P5.N =A 3NECT$ P]SON1 Z /AT$ 9 SUBP>AGRAPH #HEJD7#A77A77;I7 (! ,REGUL,NS1 IS -B9$ )! MAXIMUM P5.N DESCRIB$ 9 #BG ABV 6DET]M9E ! 5TIRE MAXIMUM P5.N =A MEMB] :O IS A 3NECT$ P]SON "U A DEF9$ B5EFIT PROVI.N4 ,= EA* CAL5D> YE> AF #AIIJ DUR+ : ! MEMB] WAS1 AT ANY "T1 A P]SON 3NECT$ )A "PICIPAT+ EMPLOY]1 ! MAXIMUM LEVEL ( ANNUAL LIFE"T P5.N =! YE> 9 : ! P5.N />TS 6BE PD IS ! LESS] (3 --#B@3P (! MEMB]'S 9DEX$ -P5S,N =! YE>2 & --! DEF9$ B5EFIT LIMIT =! YE> ! P5.N />TS MULTIPLI$ 0! FRAC;N (! YE> T IS P5.NA# S]VICE (! MEMB] "U ! PROVI.N4 ,= ? PURPOSE1 9DEX$ -P5S,N M1NS -P5S,N1 9CLUD+ PRESCRIB$ -P5S,N1 ADJU/$ 6! YE> ! P5.N />TS AC 69CR1SES 9 ! AV]AGE WAGE4 #EB ,"P ;,D F#I ,PRESCRIB$ -P5S,N G5],Y DOES N >ISE =A P]IOD :5 A P]SON IS 3NECT$ )A "PICIPAT+ EMPLOY] 2C (! RE/RIC;NS ON S]VICE A3RUALS DUR+ P]IODS ( REDUC$ S]VICES : APPLY 6^! 9DIVIDUALS4 ,H["E1 ! 3NECT$ P]SON MAXIMUM P5.N RULE APPLIES 6A YE> EV5 IF ! MEMB] 0 3NECT$ )! EMPLOY] = ONLY "P (! YE>4 ,A -------------------------------------#AJ MEMB]'S -P5S,N = S* A YE> CD 9CLUDE PRESCRIB$ -P5S,N =! "P (! YE> DUR+ : ! MEMB] 0 N 3NECT$ )! EMPLOY]4 ,SPECIAL MAXIMUM P5.N RULE "U APPROV$ D[NSIZ+ PROGRAMS #BI4 ,9 3NEC;N )A D[NSIZ+ PROGRAM T ! ,M9I/] ( ,N,NAL ,REV5UE HAS APPROV$1 SUBSEC;N #HEJE7#C7 (! ,REGUL,NS PROVIDES T C]TA9 O!RWISE NON-P]MISSI# B5EFITS MAY 2 PROVID$ "U A DEF9$ B5EFIT PROVI.N4 ,9 C]TA9 CIRCUM/.ES1 M B5EFITS MAY 2 PROVID$ 6QUALIFY+ 9DIVIDUALS )\T 2+ L9K$ 9 ANY WAY #EC ,"P ;,D A#AJ 6S]VICE4 ,A SPECIAL MAXIMUM P5.N RULE APPLIES 6^! A4I;NAL B5EFITS4 ,"U ? RULE1 ! MAXIMUM AM.T ( A4I;NAL ANNUAL LIFE"T P5.N =! YE> 9 : ! P5.N />TS 6BE PD IS ! PRODUCT (3 --! LESS] ( #B@3P (! MEMB]'S HI2 & --! NUMB] ( YE>S1 9CLUD+ ANY "P (A YE>1 F ! "T ! 9DIVIDUAL T]M9ATES EMPLOY;T 6! 9DIVIDUAL'S SIXTY-FIF? BIR?"D1 UP 6A MAXIMUM ( SEV5 YE>S4 ,PRESCRIB$ -P5S,N C =M "P (! HIAGRAPH #HEJA7#A77E7 (! ,REGUL,NS1 PLAN TEXTS M/ 2 ^W$ S #ED ,"P ;,E B#AJ T "! IS NO R1SON 6EXPECT T ! ,,PA LIMITS W 2 EXCE$$4 ,PLANS T PROVIDE = M"OY PUR*ASE 3TRIBU;NS OR DEF9$ B5EFIT A3RUALS 63T9UE DUR+ P]IODS ( REDUC$ S]VICES NE$ 6SPECIFY H[ ! 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