Regulation - LGIC

Extension of Grow-in Benefits and Related Amendments

Regulation Number(s):
N/a
Instrument Type:
Regulation - LGIC
Bill or Act:
Pension Benefits Act
Summary of Decision:
ONTARIO REGULATION 178/12

made under the

PENSION BENEFITS ACT

Made: June 20, 2012
Filed: June 26, 2012
Published on e-Laws: June 26, 2012
Printed in The Ontario Gazette: July 14, 2012


Further Information:
Click to open  Grow-in Benefits & Related Amendments    (Download Adobe Reader)
Click to open  Draft Regulation    (Download Adobe Reader)
Click to open O. Reg. 178/12
Click to open Pension Benefits Act
Proposal Number:
12-MOF004
Posting Date:
April 30, 2012
Summary of Proposal:
This posting outlines the proposed content of regulations that are required so that jointly sponsored pension plans (JSPPs) and the administrators of multi-employer pension plans (MEPPs) can elect to opt out of providing grow-in benefits. The posting also outlines the proposed circumstances in which an employer-initiated termination of employment would and would not be considered an "activating event" that triggers grow-in benefits. The posting includes a proposal to clarify that the Superintendent may wind up a pension plan if it has no members or the benefits of its members have crystallized.
Contact Address:
Pension Policy Branch
Grow-in Benefits
Ministry of Finance
5th Floor, Frost Bldg S.
7 Queen's Park Crescent
Toronto, ON M7A 1Y7

OR

Pension.feedback@ontario.ca
Effective Date:
July 1, 2012
Decision:
Approved

Minimum Browser Requirements ServiceOntario Privacy Statement