O. Reg. 423/19: CONVERSIONS AND TRANSFERS OF ASSETS UNDER SECTION 80.4 OF THE ACT AND CONVERSIONS UNDER SECTION 81.0.1 OF THE ACT

 

ontario regulation 423/19

made under the

Pension Benefits Act

Made: October 25, 2019
Filed: December 11, 2019
Published on e-Laws: December 11, 2019
Printed in The Ontario Gazette: December 28, 2019

Amending O. Reg. 311/15

(CONVERSIONS AND TRANSFERS OF ASSETS UNDER SECTION 80.4 OF THE ACT AND CONVERSIONS UNDER SECTION 81.0.1 OF THE ACT)

1. (1) Subsection 13 (1) of Ontario Regulation 311/15 is amended by striking out “as that section read upon being revised on March 31, 2015” at the end and substituting “as amended from time to time”.

(2) Section 13 of the Regulation is amended by adding the following subsection:

(1.1) For a pension plan described in subsection 14 (3) of the Act, the actuarial methods and assumptions referred to in subsection (1) of this section must be consistent with section 3500 of the Standards of Practice of the Actuarial Standards Board, published by the Canadian Institute of Actuaries, as amended from time to time, as if subsection 14 (1) of the Act applied in respect of the pension plan.

Commencement

2. This Regulation comes into force on the day it is filed.