O. Reg. 179/12: SOLVENCY FUNDING RELIEF FOR CERTAIN PUBLIC SECTOR PENSION PLANS

Link to law: http://www.ontario.ca/laws/regulation/r12179
Published: 2012-06-26

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ontario regulation 179/12

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


Amending O. Reg. 178/11

(Solvency Funding Relief for Certain Public Sector Pension Plans)

1. Section 4 of Ontario Regulation 178/11 is amended by adding the following subsection:

(4.1) Subsection (4) does not apply with respect to an amendment to the pension plan to confer a benefit improvement that is required by law.

2. Paragraph 3 of section 7 of the Regulation is amended by striking out “members and former members” at the end and substituting “members, former members and retired members”.

3. Paragraph 3 of section 11 of the Regulation is amended by striking out “members and former members” at the end and substituting “members, former members and retired members”.

Commencement

4. This Regulation comes into force on July 1, 2012.