26 (1) If the administrator of a pension plan applies for registration of an amendment to the pension plan that would result in a reduction of pension benefits accruing subsequent to the effective date of the amendment or that would otherwise adversely affect the rights or obligations of a member or former member or of any other person entitled to payment from the pension fund, the Chief Executive Officer shall require the administrator to transmit to such persons as the Chief Executive Officer may specify a written notice containing an explanation of the amendment and inviting comments to be submitted to the administrator and the Chief Executive Officer, and the administrator shall provide to the Chief Executive Officer a copy of the notice and shall certify to the Chief Executive Officer the date on which the last such notice was transmitted.  R.S.O. 1990, c. P.8, s. 26 (1); 2018, c. 8, Sched. 23, s. 23. Registration (2) If the Chief Executive Officer has required the administrator to transmit notices under subsection (1), the Chief Executive Officer shall not register an amendment mentioned in that subsection before the expiration of forty-five days after the date certified to the Chief Executive Officer under that subsection, but after the expiration of the forty-five day period the Chief Executive Officer may register the amendment with such changes as are requested in writing by the administrator.  R.S.O. 1990, c. P.8, s. 26 (2); 2018, c. 8, Sched. 23, s. 23. Notice after registration (3) Within the prescribed period of time after an amendment to a pension plan is registered, the administrator shall transmit notice and a written explanation of the amendment to each member, former member or other person entitled to payment from the pension fund who is affected by the amendment.  R.S.O. 1990, c. P.8, s. 26 (3). Order dispensing with notice (4) The Chief Executive Officer need not require the transmittal of notices under subsection (1) or by order may dispense with the notice required by subsection (3), or both, (a)  if the Chief Executive Officer is of the opinion that the amendment is of a technical nature or will not substantially affect the pension benefits, rights or obligations of a member or former member or will not adversely affect any person entitled to payments from the pension fund; (b)  if the amendment has been agreed to by a trade union that represents the members; or (c)  if the amendment is in respect of a multi-employer pension plan established pursuant to a collective agreement or a trust agreement.  R.S.O. 1990, c. P.8, s. 26 (4); 2018, c. 8, Sched. 23, s. 23. Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 26 (4) of the Act is repealed and the following substituted: (See: 2017, c. 34, Sched. 33, s. 9 (1)) Order dispensing with notice (4) The Chief Executive Officer need not require the transmittal of notices under subsection (1), or by order may dispense with the notice required by subsection (3), or both, in any of the following circumstances: 1.  The Chief Executive Officer is of the opinion that the amendment is of a technical nature or will not substantially affect the pension benefits, rights or obligations of a member or former member or will not adversely affect any person entitled to payments from the pension fund. 2.  Except in the case of an amendment relating to target benefits, the amendment has been agreed to by a trade union that represents the members. 3.  Except in the case of an amendment relating to target benefits, the amendment is in respect of a multi-employer pension plan established pursuant to a collective agreement or a trust agreement. 2017, c. 34, Sched. 33, s. 9 (1); 2018, c. 8, Sched. 23, s. 3. Notice to trade union (5) Where a proposed amendment affects members or former members represented by a trade union that is a party to a collective agreement filed as a document that creates or supports a pension plan, the administrator shall transmit to the trade union the written notice mentioned in subsection (1).  R.S.O. 1990, c. P.8, s. 26 (5). Same, conversion of pension plan (6) This section does not apply with respect to an amendment that relates to a transfer of assets under section 80.4 from a single employer pension plan to a jointly sponsored pension plan. 2014, c. 7, Sched. 26, s. 3 (1). Same (7) Subsection (1) does not apply with respect to an amendment that relates to the conversion under section 81.0.1 of a single employer pension plan into a jointly sponsored pension plan. 2014, c. 7, Sched. 26, s. 3 (3). Note: On a day to be named by proclamation of the Lieutenant Governor, section 26 of the Act is amended by adding the following subsections: (See: 2017, c. 34, Sched. 33, s. 9 (2)) Same (8) Subsection (1) does not apply with respect to an amendment that relates to a conversion under section 81.0.2 of benefits provided by a multi-employer pension plan. 2017, c. 34, Sched. 33, s. 9 (2). Target benefits (9) The regulations may prescribe different notice requirements than as provided for in this section with respect to a pension plan that provides target benefits. 2017, c. 34, Sched. 33, s. 9 (2). Section Amendments with date in force (d/m/y) 2010, c. 9, s. 15 (1, 2) - no effect - see Table of Public Statute Provisions Repealed Under Section 10.1 of the Legislation Act, 2006 - 31/12/2020; 2010, c. 9, s. 15 (3) - see 2014, c. 7, Sched. 26, s. 14 - see
2016, c. 5, Sched. 22, s. 4 - 01/07/2017;
2010, c. 24, s. 9 - no effect - see Table of Public Statute Provisions Repealed Under Section 10.1 of the Legislation Act, 2006 - 31/12/2020 2014, c. 7, Sched. 26, s. 3 (1, 3)
- 01/11/2015; 2014, c. 7, Sched. 26, s. 14 - 24/07/2014; 2014, c. 7, Sched. 26, s. 3 (2, 4)
- no effect - see 2010, c. 9, s. 15 (1) - 31/12/2020 2016, c. 5, Sched. 22, s. 4 - 19/04/2016 2017, c. 34, Sched. 33, s. 9 (1, 2) - not in force; 2017, c. 34, Sched. 33, s. 9 (3) - no effect - see 2010, c. 9, s. 15 (1) - 31/12/2020 2018, c. 8, Sched. 23, s. 3, 23 - 08/06/2019