Schedule A Waiver of 60% Joint Life Annuity Entitlement Under the Pooled Registered Pension Plans (Manitoba) Act - Manitoba, Canada

The Schedule A Waiver of 60% Joint Life Annuity Entitlement Under the Pooled Registered Pension Plans (Manitoba) Act is a provision that allows individuals to waive their entitlement to a 60% joint life annuity under the Pooled Registered Pension Plans in Manitoba, Canada. This means that individuals can choose to receive a different type of pension payout instead of the default 60% joint life annuity.

The Schedule A waiver of 60% Joint Life Annuity entitlement under the Pooled Registered Pension Plans (Manitoba) Act in Manitoba, Canada is typically filed by the plan member who wishes to waive the entitlement.

FAQ

Q: What is Schedule A Waiver of 60% Joint Life Annuity Entitlement?
A: Schedule A Waiver of 60% Joint Life Annuity Entitlement is a provision under the Pooled Registered Pension Plans (PRPP) in Manitoba, Canada.

Q: What does the Schedule A Waiver of 60% Joint Life Annuity Entitlement do?
A: The Schedule A Waiver allows a member of a PRPP to waive up to 60% of their joint life annuity entitlement.

Q: Who is eligible for the Schedule A Waiver of 60% Joint Life Annuity Entitlement?
A: Any member of a PRPP in Manitoba who has a spousal or common-law partner is eligible for the Schedule A Waiver.

Q: How does the Schedule A Waiver of 60% Joint Life Annuity Entitlement work?
A: If a member chooses to waive a portion of their joint life annuity entitlement, it means that their spouse or common-law partner will not receive the 60% survivor benefit upon the member's death.

Q: Is the Schedule A Waiver of 60% Joint Life Annuity Entitlement mandatory?
A: No, the Schedule A Waiver is optional, and the member can choose whether or not to waive a portion of their joint life annuity entitlement.