Acts and Regulations

P-5.1 - Pension Benefits Act

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Exemption from execution, seizure or attachment
99.4(1)Except as otherwise provided by this Act, a transaction that purports to assign, charge, anticipate or give as security any interest in or under a retirement savings arrangement referred to in section 99.1 or any money payable under such an arrangement is void.
99.4(2)Except as otherwise provided by this Act, money paid out of a pension fund to another pension plan or to a retirement savings arrangement under section 99.1 is exempt from execution, seizure or other process of law.
99.4(3)Except as otherwise provided in this Act, any interest in or under a retirement savings arrangement referred to in section 99.1 and any money payable under any such retirement savings arrangement are exempt from execution, seizure or other process of law.
99.4(4)Money payable under a retirement savings arrangement referred to in section 99.1 is subject to execution, seizure or other process of law in satisfaction of a support order or an order for maintenance enforceable in the Province, whether made before or after the commencement of this section, but, other than in the case of a refund of contributions with interest, to a maximum of fifty per cent of the payment unless otherwise ordered by a court of competent jurisdiction.
99.4(5)Except as otherwise provided by this Act, a transaction that purports to commute or surrender a retirement savings arrangement referred to in section 99.1 is void.
2007, c.76, s.1; 2013, c.32, s.29; 2020, c.24, s.15
Exemption from execution, seizure or attachment
99.4(1)Except as otherwise provided by this Act, a transaction that purports to assign, charge, anticipate or give as security any interest in or under a retirement savings arrangement referred to in section 99.1 or any money payable under such an arrangement is void.
99.4(2)Except as otherwise provided by this Act, money paid out of a pension fund to another pension plan or to a retirement savings arrangement under section 99.1 is exempt from execution, seizure or other process of law.
99.4(3)Except as otherwise provided in this Act, any interest in or under a retirement savings arrangement referred to in section 99.1 and any money payable under any such retirement savings arrangement are exempt from execution, seizure or other process of law.
99.4(4)Money payable under a retirement savings arrangement referred to in section 99.1 is subject to execution, seizure or other process of law in satisfaction of an order for support or maintenance enforceable in the Province, whether made before or after the commencement of this section, but, other than in the case of a refund of contributions with interest, to a maximum of fifty per cent of the payment unless otherwise ordered by a court of competent jurisdiction.
99.4(5)Except as otherwise provided by this Act, a transaction that purports to commute or surrender a retirement savings arrangement referred to in section 99.1 is void.
2007, c.76, s.1; 2013, c.32, s.29
Exemption from execution, seizure or attachment
99.4(1)Except as otherwise provided by this Act, a transaction that purports to assign, charge, anticipate or give as security any interest in or under a retirement savings arrangement referred to in section 99.1 or any money payable under such an arrangement is void.
99.4(2)Except as otherwise provided by this Act, money paid out of a pension fund to another pension plan or to a retirement savings arrangement under section 99.1 is exempt from execution, seizure or attachment or other process of law.
99.4(3)Except as otherwise provided in this Act, any interest in or under a retirement savings arrangement referred to in section 99.1 and any money payable under any such retirement savings arrangement are exempt from execution, seizure or attachment or other process of law.
99.4(4)Money payable under a retirement savings arrangement referred to in section 99.1 is subject to execution, seizure or attachment or other process of law in satisfaction of an order for support or maintenance enforceable in the Province, whether made before or after the commencement of this section, but, other than in the case of a refund of contributions with interest, to a maximum of fifty per cent of the payment unless otherwise ordered by a court of competent jurisdiction.
99.4(5)Except as otherwise provided by this Act, a transaction that purports to commute or surrender a retirement savings arrangement referred to in section 99.1 is void.
2007, c.76, s.1