Table of Contents (Display details)

• Occupational Pension Benefits 
• 1 Short title
• 2 Definitions
• PART I Application
  • 3 Application
• PART II Establishment and Administration
  • 4 Prohibition re: establishment of pension plan
  • 5 Application for registration of pension plan
  • 6 Requirements of pension plan
  • 7 No disqualification of pension for generous benefits
  • 8 Requirements for administrator
  • 9 Information respecting pension plan
  • 10 Certificate of registration
  • 11 Registration of amendment of pension plan
  • 12 Refusal to register
  • 13 Prohibition on contracting out
  • 14 Prohibition re: administrator of insolvent plan
• PART III Administration of Pension Plan
  • 15 Duties of administrator
  • 16 Annual returns
  • 17 Duty of care of administrator
  • 18 Provision of information by employer to administrator
  • 19 Provision of information by Director to administrator
• PART IV Disclosure of Information
  • 20 Administrator to provide information about plan etc.
  • 21 Annual statement re: plan to members
  • 22 Statement upon termination of employment
  • 23 Administrator to permit inspection of documents by interested persons
  • 24 Inspection of documents held by Supervisor
• PART V Membership
  • 25 Eligibility for membership of pension plan
  • 26 Supervisor may direct acceptance of employee as member
  • 27 Non-discriminatory treatment of employees
• PART VI Retirement and Vesting
  • 28 Vesting of pension benefits
  • 29 Normal retirement age and entitlement to payment of pension
  • 30 Entitlement to deferred pension benefit
  • 31 Termination of membership in pension plan
• PART VII Benefits
  • 32 Entitlement to payment
  • 33 Ancillary benefits
  • 34 Election re: payment of accelerated pension benefits
  • 35 Portability options
  • 36 Joint and survivor pension
  • 37 Submission of information re: survivor benefits
  • 38 No disqualification upon re-marriage
  • 39 Lump sum payment of benefit to survivor
  • 40 Variation of payment of benefits to disabled members
  • 41 Payment of small benefits in a lump sum
  • 42 Payment of account balance
  • 43 Treatment of maintenance orders under Cap. 214 or Cap. 216
  • 44 No discrimination on basis of sex
  • 45 Increase of benefits to take account of inflation
  • 46 Reduction of benefits
• PART VIII Funding and Contributions
  • 47 Contributions to pension fund
  • 48 Contributions to be paid promptly
  • 49 Contribution received by employer to be paid to pension fund
  • 50 Accrual of payment into pension fund
  • 51 Proceedings to ensure payment of contributions
  • 52 Recipient of pension fund contributions to be bonded
  • 53 Pension plan agreement to be submitted to administrator
  • 54 Investments to be chosen in accordance with stipulated criteria
• PART IX Locking in
  • 55 Restriction on refund of paid contributions
  • 56 Certain transactions void
  • 57 Contributions exempt from execution
  • 58 Non-commutation of pension benefits
• PART X Winding-Up
  • 59 Winding-up of pension plan
  • 60 Supervisor may order winding-up
  • 61 Date of termination of pension plan
  • 62 Duties of administrator regarding winding-up of pension plan
  • 63 Rights of members upon a winding-up
  • 64 Statement of entitlement to benefits etc. upon a winding-up
  • 65 Determination of benefits etc. upon a winding-up
  • 66 Entitlement to “grow-in” benefit
  • 67 Payments to be made by employer in the case of a winding-up
  • 68 Administrator to submit report respecting winding-up
• PART XI Surplus
  • 69 Payment of surplus
  • 70 Withdrawal of surplus
  • 71 Deemed distribution of surplus
• PART XII Establishment of New Pension Plans and Transfers
  • 72 Disposal of business and transfer of plan
  • 73 Establishment of new pension plan
• PART XIII Directions and Orders
  • 74 Directions to administrator
  • 75 Administrator may seek directions
• PART XIV Appeal
  • 76 Appeals against decision of Supervisor
• PART XV Supervisor of Pensions
  • 77 Supervisor of Pensions
  • 78 Immunity
  • 79 Power to monitor pension plans
  • 80 Power to collect statistics
  • 81 Administrator to secure appraisal of assets of pension fund
  • 82 Annual report
• PART XVI Investigation by Supervisor
  • 83 Supply of information to Supervisor and investigation
  • 84 Conduct of investigation
  • 85 Entry and search of premises
  • 86 Penalty for divulging of information and other offences
  • 87 Action after completion of investigation
• PART XVII Miscellaneous
  • 88 Non-application of the rule against perpetuities
  • 89 Transitional
  • 90 Offences
  • 91 Penalties
  • 92 Limitation
  • 93 Power to enter into agreements
  • 94 Regulations
  • 95 Act does not bind Crown
  • 96 Amendment of enactments
  • 97 Commencement