Skip to main content

Pooled Registered Pension Plans Act

An Act relating to pooled registered pension plans and making related amendments to other Acts

Canada (Federal)· P-15.3· 503 sections· current to 2024-06-20In force

Bills that amended this Act0

No published amendment links yet for this Act.

Sections503

  • 1Short title
  • 2Definitions
  • 2(1)
  • 2(1)[p3]
  • 2(1)[p4]
  • 2(1)[p5]
  • 2(1)[p6]
  • 2(1)[p7]
  • 2(1)[p8]
  • 2(1)[p9]
  • 2(1)[p10]
  • 2(1)[p11]
  • 2(1)[p12]
  • 2(1)[p13]
  • 2(1)[p14]
  • 2(1)[p15]
  • 2(1)[p16]
  • 2(1)[p17]
  • 2(1)[p18]
  • 2(1)[p19]
  • 2(1)[p19](a)
  • 2(1)[p19](b)
  • 2(1)[p22]
  • 2(1)[p23]
  • 2(2)Meaning of spouse or common-law partner
  • 3Purpose
  • 4Application of Act
  • 4(a)
  • 4(b)
  • 5Bilateral agreement
  • 5(a)
  • 5(b)
  • 6Multilateral agreement
  • 6(1)
  • 6(2)Content of agreement
  • 6(2)(a)
  • 6(2)(b)
  • 6(2)(c)
  • 6(2)(d)
  • 6(2)(e)
  • 6(2)(f)
  • 6(2)(g)
  • 6(2)(h)
  • 6(3)Tabling in Parliament
  • 6(4)Publication — Canada Gazette
  • 6(4)(a)
  • 6(4)(b)
  • 6(4)(c)
  • 6(5)Publication — other
  • 7Force of law
  • 7(1)
  • 7(2)Inconsistency with agreement
  • 8Review by Federal Court
  • 8(1)
  • 8(2)No review by Federal Court
  • 9Association of supervisory authorities
  • 10Powers of Superintendent
  • 10(1)
  • 10(2)Information and studies
  • 10(2)(a)
  • 10(2)(b)
  • 10(2)(c)
  • 10(3)Terms and conditions
  • 11Licensing of administrators
  • 11(1)
  • 11(2)Terms and conditions
  • 12Registration of plan
  • 12(1)
  • 12(1)(a)
  • 12(1)(b)
  • 12(1)(c)
  • 12(1)(d)
  • 12(2)Duty of administrator to file documents
  • 12(2)(a)
  • 12(2)(b)
  • 12(2)(c)
  • 12(3)Registration of plan
  • 12(4)Refusal to register
  • 12(5)Notification
  • 12(6)No members before registration
  • 13Filing of amendments
  • 14Licence and registration
  • 15Compliance with this Act
  • 16Duties of administrator
  • 16(1)
  • 16(2)Coordinates
  • 17Records
  • 18Contract between administrator and employer
  • 19Employer terminates participation
  • 20Superintendent may require meeting
  • 20(1)
  • 20(2)Participation by Superintendent, etc.
  • 20(2)(a)
  • 20(2)(b)
  • 20(2)(c)
  • 21Transfer of assets to designated entity
  • 21(1)
  • 21(2)Rights and obligations
  • 22Administration of plan and assets
  • 22(1)
  • 22(2)Standard of care
  • 22(3)Pooling
  • 22(4)Manner of investing
  • 22(5)Investment managers
  • 23Investment choices
  • 23(1)
  • 23(2)Administrator’s duty
  • 23(3)Default option
  • 23(4)Deemed compliance
  • 24Prohibition — inducements
  • 25Prohibition — investment options
  • 26Low-cost plan
  • 27Prohibition — employees in included employment
  • 28Obligation — non-discrimination
  • 29Contract between employer and administrator
  • 30Employer not liable
  • 31Amounts deemed to be held in trust
  • 31(1)
  • 31(1)(a)
  • 31(1)(b)
  • 31(1)(c)
  • 31(2)If bankruptcy, etc., of employer
  • 32Employer to provide information
  • 33Prohibition — inducements
  • 34Superintendent’s directions to administrators
  • 34(1)
  • 34(1)(a)
  • 34(1)(b)
  • 34(2)Directions in the case of non-compliance
  • 34(3)Opportunity for representations
  • 34(4)Temporary direction
  • 34(5)Continued effect
  • 35Additional directions
  • 36Revocation of registration
  • 37Notice of objection
  • 37(1)
  • 37(2)Reconsideration by Superintendent
  • 38Appeal to Federal Court
  • 38(1)
  • 38(1)(a)
  • 38(1)(b)
  • 38(2)Institution of appeal
  • 38(3)Registry to transmit copies
  • 38(4)Documents relevant to appeal
  • 38(5)Disposal of appeal
  • 38(5)(a)
  • 38(5)(b)
  • 38(6)Conditions
  • 39Full-time employees
  • 39(1)
  • 39(2)Meaning of full-time basis
  • 40Part-time employees
  • 40(1)
  • 40(2)Regulations altering subsection (1)
  • 40(3)Meaning of continuous
  • 40(4)Meaning of part-time basis
  • 41Advance notice to employees
  • 41(1)
  • 41(1)(a)
  • 41(1)(b)
  • 41(1)(c)
  • 41(2)Notice of plan membership
  • 41(2)(a)
  • 41(2)(b)
  • 41(3)Contract must specify
  • 41(4)New employee
  • 41(5)Membership termination
  • 42Religious objections
  • 42(1)
  • 42(2)Employer’s duty
  • 43Transfer of assets to new plan
  • 43(1)
  • 43(2)No membership termination
  • 43(3)Costs
  • 44Termination of membership
  • 45Contribution rates
  • 45(1)
  • 45(2)Exception
  • 46Deductions from remuneration
  • 47Provisions respecting locking-in
  • 47(1)
  • 47(1)(a)
  • 47(1)(b)
  • 47(1)(c)
  • 47(1)(d)
  • 47(2)Optional provisions
  • 47(2)(a)
  • 47(2)(b)
  • 48Election
  • 49Entitlement of survivor
  • 50Transfer or purchase of annuity
  • 50(1)
  • 50(1)(a)
  • 50(1)(b)
  • 50(1)(c)
  • 50(2)Notification and effect to notification
  • 50(3)Transfer in case of death
  • 50(3)(a)
  • 50(3)(b)
  • 50(3)(c)