Acts and Regulations

P-5.1 - Pension Benefits Act

Full text
Act prevails over pension plans
6(1)In the event of a conflict between a provision of this Act or the regulations and a provision of a pension plan, this Act and the regulations prevail.
6(2)Notwithstanding subsection (1), the Superintendent shall not refuse to register a pension plan or revoke the registration of a pension plan governed by a collective agreement or an arbitration award under the Industrial Relations Act or the Public Service Labour Relations Act that requires a provision that is contrary to or does not comply with this Act and the regulations if the collective agreement or arbitration award is in effect on the day this section comes into force.
6(3)Subsection (2) does not apply after the day on which the collective agreement or arbitration award expires or after the day that is two years after the day this section comes into force, whichever occurs first.