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O. Reg. 156/19: STELCO INC. PENSION PLANS

filed June 4, 2019 under Pension Benefits Act, R.S.O. 1990, c. P.8

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ontario regulation 156/19

made under the

Pension Benefits Act

Made: May 30, 2019
Filed: June 4, 2019
Published on e-Laws: June 4, 2019
Printed in The Ontario Gazette: June 22, 2019

Amending O. Reg. 255/17

(STELCO INC. PENSION PLANS)

1. Ontario Regulation 255/17 is amended by striking out “Superintendent” wherever it appears and substituting in each case “Chief Executive Officer”, except in sections 1 and 20.

(2) The Regulation is amended by striking out “Superintendent’s” wherever it appears and substituting in each case “Chief Executive Officer’s”.

2. Section 7 of the Regulation is amended by adding the following subsection:

(2) For the purposes of subsection (1), an appointment of an administrator made by the Superintendent under subsection 8 (1.1) or (1.2) of the Act, as it read prior to the day section 1 of Schedule 23 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force, is deemed to have been an appointment made by the Chief Executive Officer.

3. Section 17 of the Regulation is amended by adding the following subsection:

(11.1) For the purposes of subsections (10) and (11), the Superintendent’s consent or refusal to consent given under subsection 62.1 (5) of the Act, as it read prior to the day section 1 of Schedule 23 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force, is deemed to have been the Chief Executive Officer’s consent or refusal to consent, as the case may be.

4. Section 24 of the Regulation is amended by adding the following subsection:

(1.1) A notice served or issued by the Superintendent under subparagraph 2 ii of subsection (1), as it read prior to the day section 1 of Schedule 23 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force, is deemed to have been served or issued by the Chief Executive Officer.

5. Section 26 of the Regulation is amended by adding the following subsection:

(2) For the purposes of subsection (1), a wind up order issued by the Superintendent under subsection 69 (1) of the Act, as it read prior to the day section 1 of Schedule 23 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force, is deemed to have been issued by the Chief Executive Officer.

6. Section 28 of the Regulation is amended by adding the following subsection:

(2.1) For the purposes of subsection (2), a declaration made by the Superintendent under section 83 of the Act, as it read prior to the day section 1 of Schedule 23 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force, is deemed to have been made by the Chief Executive Officer.

7. Section 34 of the Regulation is amended by adding the following subsection:

(5) An election filed with the Superintendent under this section, as it read prior to the day section 1 of Schedule 23 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force, is deemed to have been filed with the Chief Executive Officer.

8. Section 39 of the Regulation is amended by adding the following subsection:

(4) A final report submitted to the Superintendent under this section, as it read prior to the day section 1 of Schedule 23 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force, is deemed to have been submitted to the Chief Executive Officer.

Commencement

9. This Regulation comes into force on the later of the day section 1 of Schedule 23 to the Plan for Care and Opportunity Act (Budget Measures), 2018 comes into force and the day this Regulation is filed.