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O. Reg. 104/19: PENSION PLAN FOR BOARD EMPLOYEES
filed May 17, 2019 under Workplace Safety and Insurance Act, 1997, S.O. 1997, c. 16, Sched. A
Skip to contentontario regulation 104/19
made under the
Workplace Safety and Insurance Act, 1997
Made: May 1, 2019
Approved: May 16, 2019
Filed: May 17, 2019
Published on e-Laws: May 17, 2019
Printed in The Ontario Gazette: June 1, 2019
Amending O. Reg. 455/97
(PENSION PLAN FOR BOARD EMPLOYEES)
1. Ontario Regulation 455/97 is amended by adding the following section:
56.1 (1) The section applies to any person who, as a result of the Board’s disposition of part of its investment function to the Investment Management Corporation of Ontario,
(a) ceased to be an employee of the Board on July 23, 2017;
(b) became an employee of the Investment Management Corporation of Ontario on July 24, 2017; and
(c) became a member of the Public Service Pension Plan established under the Public Service Pension Act, 1989 continued under the Public Service Pension Act on July 24, 2017.
(2) A person to whom this section applies does not accrue pensionable service under the pension plan after July 23, 2017.
(3) Subject to any transfer agreement that the Superintendent of Financial Services has consented to under section 80 of the Pension Benefits Act, if a person to whom this section applies consents to the transfer of benefits accrued by the person under the pension plan before July 24, 2017, the accrued benefits shall be transferred by the Board to the Public Service Pension Plan.
Commencement
2. This Regulation comes into force on the day it is filed.
Workplace Safety and Insurance Board:
Diane WEber
Corporate Secretary
Elizabeth Witmer
Chair
Date made: May 1, 2019