Regulation - LGIC
Introduction of Legislative Framework to Implement Proposed Agreement Respecting Multi-Jurisdictional Pension Plans
Regulation Number(s):
342/10
Instrument Type:
Regulation - LGIC
Bill or Act:
Pension Benefits Act
Summary of Decision:
Ontario Regulation 342/10 became effective on October 1, 2010.
Further Information:
Ontario Regulation 342/10
Proposal Number:
10-MOF037
Posting Date:
October 20, 2010
Summary of Proposal:
The amending regulation relates to the introduction of the legislative framework necessary to implement the Proposed Agreement Respecting Multi-Jurisdictional Pension Plans (Proposed Agreement), a pan-Canadian agreement relating to the regulation of multi-jurisdictional pension plans (MJPPs). MJPPs are registered pension plans with members in more than one Canadian jurisdiction. If adopted by governments across the country, the Proposed Agreement would modernize Canada’s pension system by establishing clear rules for the administration of MJPPs. The amending regulation sets out the list of Canadian jurisdictions which would be designated as permitted parties to the Proposed Agreement.
Contact Address:
Pension Benefits Standards Policy
Ministry of Finance
5th Floor, Frost South
7 Queen's Park Crescent
Toronto ON M7A 1Y7
Ministry of Finance
5th Floor, Frost South
7 Queen's Park Crescent
Toronto ON M7A 1Y7
Effective Date:
October 1, 2010
Decision:
Approved