Insurance court dismissed pension claim as property rights transferred before pension eligibility date.

The insurance court dismissed the applicant's claim for a generational change pension because the farm's ownership and management rights had legally transferred on April 30, 1980, prior to the pension's start date of September 1, 1980. Although the livestock and machinery were physically sold in August, the contract explicitly stated these rights transferred on the earlier April date. The court ruled that since the applicant was no longer the owner or manager when the pension became payable, the statutory conditions for the benefit were not met.