Acts and Regulations

P-5.1 - Pension Benefits Act

Full text
Idem
12.1An amendment to a pension plan is void if the amendment purports to
(a) eliminate an option for optional ancillary benefits for a member who has made optional ancillary contributions, unless the member consents in writing to the amendment, or
(b) change the method for converting optional ancillary contributions to optional ancillary benefits for a member who has made optional ancillary contributions if the change increases the cost to the member of the optional ancillary benefits, unless the member consents in writing to the amendment.
2002, c.12, s.6