The impact of recent Ontario Pension Benefit Act changes
The impact of recent Ontario Pension Benefit Act changes
The impact of recent Ontario Pension Benefit Act changes
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November 21, 2012<br />
Small pensions – need to know<br />
• Plan texts<br />
• RRSP transfer<br />
• Survivor pensions<br />
• Defined benefit<br />
plans<br />
• Need to be amended before the higher<br />
thresholds can be used per FSCO especially<br />
DCPPs<br />
• An RRSP transfer option must be <strong>of</strong>fered for<br />
<strong>Ontario</strong> small pension commutations<br />
• Can be applied to survivor pension on death<br />
<strong>of</strong> retired member – but Plan text needs to<br />
authorize<br />
• Small pension transfer values exempted<br />
from CV transfer restrictions under OPBA<br />
15<br />
2012 <strong>Ontario</strong> <strong>Pension</strong> Changes
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