Acts and Regulations

P-5.1 - Pension Benefits Act

Section 32
Disposition versions

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Ancillary benefits
32(1)A pension plan may provide the following ancillary benefits:
(a) disability benefits;
(b) pre-retirement death benefits in addition to the benefits provided in section 43.1;
(c) bridging benefits;
(d) early retirement benefits in addition to the early retirement pension referred to in section 40;
(e) postponed retirement benefits in addition to the pension referred to in section 40; and
(f) other prescribed ancillary benefits.
32(2)An ancillary benefit for which a member has met all eligibility requirements under the pension plan necessary to exercise the right to receive payment of the benefit shall be included in calculating the member’s pension benefit or the commuted value of the pension benefit.
2002, c.12, s.10; 2008, c.5, s.4
Ancillary benefits
32(1)A pension plan may provide the following ancillary benefits:
(a) disability benefits;
(b) pre-retirement death benefits in addition to the benefits provided in section 43;
(c) bridging benefits;
(d) early retirement benefits in addition to the early retirement pension referred to in section 40;
(e) postponed retirement benefits in addition to the pension referred to in section 40; and
(f) other prescribed ancillary benefits.
32(2)An ancillary benefit for which a member has met all eligibility requirements under the pension plan necessary to exercise the right to receive payment of the benefit shall be included in calculating the member’s pension benefit or the commuted value of the pension benefit.
2002, c.12, s.10