Tag: Act s. 67.4
-
Ontario Passes Bill 132 & 138 re PBA Amendments
Ontario Bill 132, Better for People, Smarter for Business Act, 2019 and Bill 138, Plan to Build Ontario Together Act, 2019, received Royal Assent on December 10, 2019 . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Chityal v. Ontario (CEO of FSRA), 2019 ONFST 22 – Court Order Not Sufficient to Waive Entitlement to Joint & Survivor Pension
Chityal retired from Nortel Networks Limited in 2000 and began receiving a joint and survivor pension, as he was married at the time. When Chityal subsequently sought to transfer the commuted value of his pension into the Nortel Life Income Fund, he and his spouse had divorced and he couldn't locate her in order to obtain her consent to the transfer . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Meloche v. Meloche, 2019 ONSC 6143 – Division of Pension Ceases Upon Death of Non-Member Spouse
Ms Meloche, a teacher, elected a joint and survivor pension on retirement. Two years later, the Meloches separated. Mr. Meloche has a reduced life expectancy, as he suffers from Amyotrophic Lateral Sclerosis . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
FSCO FAQS re New Funding Rules & Annuity Discharges
FSCO has published a series of questions and answers related to plan funding. The FAQs address issues pertaining to annuity purchases and discharges, provisions for adverse deviation (PfAD) and funding related disclosures . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
New FSCO Form for Waiver of Joint & Survivor Pension
FSCO has posted a new Family Law Form 8, which is to be used by a former spouse to waive their right to receive a survivor benefit on the death of the Retired Member where there has been a marriage breakdown. The User Guide sets out the conditions to be met in order to use this form . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product.