Regulations and rules
2012, c.38, s.4; 2021, c.41, s.22
100.9(1)Subsections 100(1) and (1.1) apply with the necessary modifications for the purposes of this Part.
100.9(2)The Lieutenant-Governor in Council may make regulations
(a)
respecting the conversion of a pension plan to a shared risk plan;
(b)
respecting base benefits and ancillary benefits, including increasing or reducing them;
(c)
respecting the contributions to a shared risk plan, including increasing or reducing them;
(d)
respecting the funding policy referred to in paragraph 100.4(1)(
b) and the funding goals for a shared risk plan;
(e)
respecting the funding deficit recovery plan for a shared risk plan;
(f)
respecting the investment policy referred to in paragraph 100.4(1)(
c);
(g)
respecting the risk management goals and procedures referred to in paragraph 100.4(1)(
d);
(h)
respecting the disclosure of the purpose and characteristics of a shared risk plan for the purposes of paragraph 100.4(1)(
g);
(i)
respecting the calculation of the liabilities of a shared risk plan;
(j)
respecting the asset liability model for a shared risk plan;
(k)
respecting the actuarial valuation report referred to in subsection 100.61(1);
(l)
respecting the distribution of assets on the wind-up of a shared risk plan, on termination of employment and on termination of membership;
(m)
respecting the calculation of the termination value referred to in subsection 100.62(6);
(n)
respecting the calculation of the maximum termination value for the purposes of subsection 100.62(7);
(o)
for the purposes of section 100.63, respecting the wind-up of a shared risk plan in whole or in part or the conversion of a shared risk plan to another pension plan;
(p)
respecting the funding excess utilization plan for a shared risk plan, including the management and use of a funding excess in the plan;
(q)
respecting a solvency test for a shared risk plan;
(r)
respecting the expenses relating to the administration of a shared risk plan;
(s)
prescribing anything required to be prescribed by this Part;
(t)
respecting any other matter or thing necessary or advisable to carry out the intent of this Part.
100.9(2.1)The Financial and Consumer Services Commission may make a rule in respect of any matter in respect of which the Lieutenant-Governor in Council has authority to make a regulation under paragraphs (2)(h) and (r).
100.9(2.2)Subsections 100(5) to (10) and sections 100.01 to 100.03 apply with the necessary modifications for the purposes of this section.
100.9(3)Regulations or rules made under subsections (1) and (2) may be made retroactive to July 1, 2012, or to any date after July 1, 2012.
100.9(4)A regulation or rule with retroactive effect may affect any right, privilege, obligation or liability acquired, accrued, accruing or incurred by any person under or in respect of a shared risk plan or a pension plan converted to a shared risk plan.
2012, c.38, s.4; 2021, c.41, s.23