12(1)An amendment to a pension plan is void if the amendment purports to reduce
(a)
the amount or the commuted value of a pension benefit accrued under the pension plan with respect to employment before the effective date of the amendment,
(b)
the amount or the commuted value of a pension or a deferred pension accrued under the pension plan, or
(c)
the amount or the commuted value of an ancillary benefit that a member or former member is receiving or for which a member has satisfied all eligibility conditions at the effective date of the amendment.
12(2)Notwithstanding subsection (1), an amendment to a pension plan is not void if the amendment
(a)
converts a defined benefit to a defined contribution benefit, or
(b)
converts a defined contribution benefit to a defined benefit.
12(3)A pension plan converted under paragraph 2(a) or (b) shall be deemed to be a new pension plan for the purposes of sections 70 and 71.
12(1)An amendment to a pension plan is void if the amendment purports to reduce
(a)
the amount or the commuted value of a pension benefit accrued under the pension plan with respect to employment before the effective date of the amendment,
(b)
the amount or the commuted value of a pension or a deferred pension accrued under the pension plan, or
(c)
the amount or the commuted value of an ancillary benefit that a member or former member is receiving or for which a member has satisfied all eligibility conditions at the effective date of the amendment.
12(2)Notwithstanding subsection (1), an amendment to a pension plan is not void if the amendment
(a)
converts a defined benefit to a defined contribution benefit, or
(b)
converts a defined contribution benefit to a defined benefit.
12(3)A pension plan converted under paragraph 2(a) or (b) shall be deemed to be a new pension plan for the purposes of sections 70 and 71.