O. Reg. 531/21: CONVERSIONS AND TRANSFERS OF ASSETS UNDER SECTION 80.4 OF THE ACT AND CONVERSIONS UNDER SECTION 81.0.1 OF THE ACT

 

ontario regulation 531/21

made under the

Pension Benefits Act

Made: July 29, 2021
Filed: July 29, 2021
Published on e-Laws: July 30, 2021
Printed in The Ontario Gazette: August 14, 2021

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. Paragraph 1 of subsection 2 (3) of Ontario Regulation 311/15 is revoked and the following substituted:

1.  The administrator of the pension plan elected to use one of the types of solvency relief set out in subsection 5.6 (3), 5.6.1 (3), 5.6.2 (3) or 5.6.3 (3) of the General Regulation, as those provisions read immediately before September 1, 2021, and, on the date as of which the notices, the statement and consent forms and the statement and objection forms required under section 5 of this Regulation are prepared, the pension plan is governed by the requirements of section 5.6, 5.6.1, 5.6.2 or 5.6.3 of the General Regulation, as those provisions read immediately before September 1, 2021, by virtue of section 82, 83, 84 or 85 of the General Regulation.

Commencement

2. This Regulation comes into force on the later of September 1, 2021 and the day it is filed.