Regulation - LGIC

Draft Regulations Regarding Pension Asset Division on Marriage Breakdown

Regulation Number(s):
Ontario Regulation 287/11
Instrument Type:
Regulation - LGIC
Bill or Act:
Pension Benefits Act
Summary of Decision:
ONTARIO REGULATION 287/11

made under the

PENSION BENEFITS ACT

Made: June 22, 2011
Filed: June 24, 2011
Published on e-Laws: June 28, 2011
Printed in The Ontario Gazette: July 9, 2011

Further Information:
Click to open  Draft Regulation
Click to open  Consultation Paper
Click to open Ontario Regulation 287/11
Click to open Pension Benefits Act
Proposal Number:
11-MOF009
Posting Date:
March 3, 2011
Summary of Proposal:
Bill 133, the Family Statute Law Amendment Act, 2009, received Royal Assent in May 2009. Among other family law initiatives, Bill 133 introduces new rules on how to value and settle pension assets on the breakdown of a marriage. The provisions of Bill 133 that amend the Pension Benefits Act require the enactment of corresponding regulations prior to proclamation. This posting provides a summary of these proposed regulations.

The posting is divided into two parts. The first part consists of a draft regulation, which contains the majority of the content required to implement the new pension division regime. The second part consists of a brief paper which outlines the contents of the regulation that are currently under consideration.

The government is interested in public feedback on this important initiative and welcomes comments on both parts of this posting.
Contact Address:
Pension Policy Branch
Ministry of Finance
5th Floor, Frost Bldg S.
7 Queen’s Park Crescent
Toronto ON M7A 1Y7
Effective Date:
January 1, 2012
Decision:
Approved

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