Actuarial Notes

Regulation 310/13: Asset Transfers under Sections 80 and 81 of the Act

By King's Printer for Ontario · 2025 · O. Reg. 310/13

Study guide: Exam RET-301

Ontario Regulation 310/13 under the Pension Benefits Act, on asset transfers under sections 80 and 81 of the Act, in the e-Laws consolidation from January 1, 2025 (last amendment O. Reg. 391/24). It applies to every transfer of assets from an original pension plan to a successor pension plan, with general rules, and separate parts on the transfer of defined benefits, of defined contribution benefits and of target benefits, followed by schedules of application contents and standard and special notices.

On the syllabus

  • Exam RET-301 — Outcomes 3a, 3b (the syllabus codes it RET301-105-26, "Regulation 310/13 Asset Transfers under Ontario Pension Benefits Act"; legislation in this note pertaining to JSPP & MEPP is background only).

Part I General

  • 1 Application of Regulation
  • 2 Interpretation
  • 3 Effective date of transfer under s. 80 of the Act
  • 4 Effective date of transfer under s. 81 of the Act
  • 5 Applying for Chief Executive Officer’s consent to transfer of assets
  • 6 Notice re completion of transfer
  • 7 Criterion re commuted value of benefits
  • 7.1 Public Service Pension Plan

Part II Transfer of Defined Benefits

Application

  • 8 Application of Part

Funding Requirements

  • 9 Amount of assets to be transferred
  • 10 Requirements re solvency ratio
  • 11 Special payments
  • 12 Certain reports under General Regulation

Restrictions on Transfers

  • 13 Restriction re reduction in accrued benefits
  • 14 Requirement re accrued pension benefits
  • 15 Deadline for transferring assets

Notices to Transferred Members and Others

  • 16 Standard notices about a transfer of assets
  • 17 Special notices where individual’s consent to transfer is required

Requirements re Payments to or for Individuals

  • 18 Payments under s. 79.2 (8) and (9) of the Act

Part III Transfer of Defined Contribution Benefits

  • 19 Application of Part
  • 20 Amount in individual accounts
  • 21 Standard notices about a transfer of assets
  • 22 Special notices where individual’s consent to transfer is required
  • 23 Transition

Part IV Transfer of Target Benefits

Application

  • 24 Application of Part

Funding Requirements

  • 25 Amount of assets to be transferred
  • 26 Requirements re funded position
  • 27 Special payments
  • 28 Certain reports under General Regulation

Restrictions on Transfers

  • 29 Requirement re accrued pension benefits
  • 30 Deadline for transferring assets

Notices to Transferred Members and Others

  • 31 Standard notices about a transfer of assets

Requirements re Payments to or for Individuals

  • 32 Payments under s. 79.2 (8) and (9) of the Act

Schedule 1 Application for Chief Executive Officer’s consent to transfer under section 80 of the Act

Schedule 2 Application for Chief Executive Officer’s consent to transfer under section 81 of the Act

Schedule 3 Standard notice to transferred members from original pension plan

Schedule 4 Standard notice to transferred members from successor pension plan

Schedule 5 Standard notice to transferred former members, retired members and certain others

Schedule 6 Standard notice to trade unions and to advisory committees from original pension plan

Schedule 7 Standard notice to trade unions and to advisory committees from successor pension plan

Schedule 8 Special notice to transferred members from original pension plan

Schedule 9 Special notice to transferred members from successor pension plan

Schedule 10 Special notice to former members, retired members and certain others from original pension plan

Schedule 11 Special notice to transferred former members, retired members and certain others from successor pension plan

Sources