Tag: Act s. 39.1
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Ontario FSRA Variable Benefit Forms
The Financial Services Regulatory Authority published a series of variable benefit (VB) forms to be used by plan administrators who offer variable benefits.FSRA also notes that new family law forms are being developed for pension division cases involving a VB account . . .
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Ontario Proclaims in Force New Variable Benefits Regime
Effective January 1, 2020, Ontario has proclaimed in force the new variable benefits (VB) rules, which will permit, but not require, an administrator to offer Life Income Fund (LIF)-like payments directly from a defined contribution plan through the establishment of a VB account. These rules come into force through the proclamation of a series of Bills, the publication of a new stand-alone Variable Benefits Regulation and related amendments to the Family Law Matters Regulation and General Regulation . . .
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Ontario Draft Regulations re Variable Benefits for DC Plans
Ontario has published draft regulations under the Pension Benefits Act (PBA): a new stand-alone regulation Permitting the Payment of Variable Benefits (VB) from a Defined Contribution (DC) Pension Plan (VB Regulation); and consequential technical amendments to O. Reg. 287/11: Family Law Matters (Family Law Amendments . . .
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Ontario Passes Bill 57 re PBA Amendments
Ontario passed Bill 57, Restoring Trust, Transparency and Accountability Act, 2018, on December 6, 2018. The Bill includes several amendments to the Pension Benefits Act (PBA) (Schedule 33 . . .
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Ontario Bill 57 re PBA Amendments Including Annuity Discharge Changes
Ontario introduced Bill 57, Restoring Trust, Transparency and Accountability Act, 2018, for first reading on November 15, 2018. The Bill includes several amendments to the Pension Benefits Act (PBA) (Schedule 33 . . .
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Ontario Draft Regulations re Variable Benefits for DC Plans
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Ontario Bill 177 re Budget Receives Royal Assent
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Ontario Bill 177 Budget Bill Includes Pension Amendments
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Ontario Budget Bill 127 Receives Royal Assent
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Ontario Bill 127 re Budget Amendments to PBA
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