Order in Council 1442/2023

On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:

1. Pursuant to subsections 7(2) and (3) of the Financial Administration Act, the Minister of Finance is authorized to credit from the Consolidated Revenue Fund (the “CRF”) in the manner specified in paragraphs 2 and 3 to the Provincial Judges Pension Fund Account. 
2. Interest on the net monthly increases to the said account computed on the contributions to and outgoings from the said account in respect of the months in each fiscal year that commenced during the period of April 1, 2017 to March 31, 2020, such interest to be calculated at the rate per annum determined under paragraph 4, to reflect the length of time for which amounts included in such net increase were on deposit with the CRF during that fiscal year, is to be credited for the respective amount as of the last day of that fiscal year.
3. Interest on the net increases to the said account during each fiscal year during the period from April 1, 2017 to March 31, 2020, such interest to be calculated at the rate per annum for that fiscal year determined under paragraph 4 annually for each fiscal year in the period of twenty-five consecutive fiscal years commencing on the first day of the immediately following fiscal year, to be credited on the last day of each fiscal year during the period if such net increase remains on deposit with the CRF for the whole of the respective fiscal year.
4. The rate to be used to calculate interest in respect of any fiscal year under paragraphs 2 and 3 for the account shall be the rate shown in the column opposite that fiscal year in the following table:

   Provincial Judges Pension Fund Account

   Fiscal Year Commencing	Rate (%)
   April 1, 2017	3.123
   April 1, 2018	3.222
   April 1, 2019	2.495