Acts and Regulations

91-195 - General

Section 42
Disposition versions

Full text
Post-termination contribution
42If, after the termination of employment of a member, the member, the member’s employer or a person required to make contributions on behalf of an employer makes contributions to a pension fund on behalf of the member in compliance with a court order or an order issued under the Employment Standards Act,
(a) for the purposes of the pension plan, the period of employment of the member shall be deemed to include the period in relation to which the contributions were made,
(b) the amount of any contributions made to the fund by the member, including interest credited to those contributions, shall be increased by the amount of the contributions made in compliance with the order, and
(c) the member’s pension benefits shall be adjusted to reflect the amount that accrues to the member as a result of the increase, in accordance with the formula established under the plan.
Post-termination contribution
42If, after the termination of employment of a member, the member, the member’s employer or a person required to make contributions on behalf of an employer makes contributions to a pension fund on behalf of the member in compliance with a court order or an order issued under the Employment Standards Act,
(a) for the purposes of the pension plan, the period of employment of the member shall be deemed to include the period in relation to which the contributions were made,
(b) the amount of any contributions made to the fund by the member, including interest credited to those contributions, shall be increased by the amount of the contributions made in compliance with the order, and
(c) the member’s pension benefits shall be adjusted to reflect the amount that accrues to the member as a result of the increase, in accordance with the formula established under the plan.