10 (1) The documents that create and support a pension plan shall set out the following information: 1.  The method of appointment and the details of appointment of the administrator of the pension plan. 2.  The conditions for membership in the pension plan. 3.  The benefits and rights that are to accrue upon termination of employment, termination of membership, retirement or death. 4.  The normal retirement date under the pension plan. 5.  The requirements for entitlement under the pension plan to any pension benefit or ancillary benefit. 6.  The contributions or the method of calculating the contributions required by the pension plan. 7.  The method of determining benefits payable under the pension plan. 8.  The method of calculating interest to be credited to contributions under the pension plan. 9.  The mechanism for payment of the cost of administration of the pension plan and pension fund. 10.  The mechanism for establishing and maintaining the pension fund. 11.  The treatment of surplus during the continuation of the pension plan and on the wind up of the pension plan. 12.  The obligation of the administrator to provide members with information and documents required to be disclosed under this Act, the regulations and the Authority rules. 13.  The method of allocation of the assets of the pension plan on windup. 14.  Particulars of any predecessor pension plan under which members of the pension plan may be entitled to pension benefits. 15.  Any other prescribed information related to the pension plan or pension fund or both.  R.S.O. 1990, c. P.8, s. 10 (1); 2017, c. 34, Sched. 33, s. 2 (1). Note: On a day to be named by proclamation of the Lieutenant Governor, section 10 of the Act is amended by adding the following subsection: (See: 2022, c. 23, Sched. 7, s. 1 (1)) Collective agreements (1.0.1) For greater certainty, the documents that create and support a pension plan include a collective agreement if, (a)  the plan is established pursuant to the collective agreement; (b)  the collective agreement incorporates the plan by reference in whole or in part; or (c)  the terms of the plan are set out in whole or in part in the collective agreement. 2022, c. 23, Sched. 7, s. 1 (1). Exception (1.1) The regulations may provide that the requirement to include specified information described in subsection (1) in the documents that create and support a pension plan does not apply in specified circumstances or for prescribed classes of pension plans.  2010, c. 9, s. 5 (1). Multi-employer pension plan (2) The documents that create and support a multi-employer pension plan pursuant to a collective agreement or a trust agreement shall also set out the powers and duties of the board of trustees that is the administrator of the multi-employer pension plan.  R.S.O. 1990, c. P.8, s. 10 (2); 2010, c. 9, s. 5 (2). Same (2.1) The documents that create and support a multi-employer pension plan shall specify the consequences, if any, of the withdrawal of a participating employer from the pension plan in respect of the funding and payment of pension benefits of a member, a former member, a retired member or any other person affected by the withdrawal and must satisfy such requirements as may be imposed by this Act and the regulations.  2010, c. 24, s. 3 (1, 2). Jointly sponsored pension plans (3) The documents that create and support a jointly sponsored pension plan shall also set out the following information: 1.  The obligation of members to make contributions under the plan.  This must include their obligations in respect of any going concern unfunded liability and, except in the case of plans described in subsection 1 (2.1), in respect of any reduced solvency deficiency. 2.  The obligation of employers to make contributions under the plan or the obligation of other persons or entities to make the contributions under the plan on behalf of employers.  This must include their obligations in respect of any going concern unfunded liability and, except in the case of plans described in subsection 1 (2.1), in respect of any reduced solvency deficiency. 3.  The consequences, if any, of the withdrawal of a participating employer from the plan in respect of the funding and payment of pension benefits of a member, a former member, a retired member or any other person affected by the withdrawal.  The consequences set out in the pension plan must satisfy such requirements as may be imposed by this Act and the regulations. 4.  If a board of trustees is the administrator of a jointly sponsored pension plan, the powers and duties of the board.  2005, c. 31, Sched. 18, s. 3; 2010, c. 24, s. 3 (3-5); 2017, c. 34, Sched. 33, s. 2 (2, 3); 2019, c. 14, Sched. 9, s. 23. Same (4) The documents that create and support a jointly sponsored pension plan may authorize a prescribed person or entity to establish or maintain a separate jointly sponsored pension plan for persons employed in less than full-time continuous employment.  2005, c. 31, Sched. 18, s. 3. Note: On a day to be named by proclamation of the Lieutenant Governor, section 10 of the Act is amended by adding the following subsections: (See: 2022, c. 23, Sched. 7, s. 1 (2)) Plans that provide target benefits — funding and governance policies (5) The documents that create and support a pension plan that provides any target benefits shall set out the pension plan’s funding policy and its governance policy. 2022, c. 23, Sched. 7, s. 1 (2). Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 10 (5) of the Act is repealed and the following substituted: (See: 2022, c. 23, Sched. 7, s. 1 (3)) Funding and governance policies (5) The documents that create and support a pension plan shall set out the pension plan’s funding policy and its governance policy. 2022, c. 23, Sched. 7, s. 1 (3). Conversions of existing pension plans (6) If some or all of the benefits provided by a multi-employer pension plan that was registered before the day subsection 1 (2) of Schedule 7 to the Progress on the Plan to Build Act (Budget Measures), 2022 comes into force are converted to target benefits, the administrator of the pension plan shall, within the prescribed time, file with the Chief Executive Officer the pension plan’s funding policy and its governance policy. 2022, c. 23, Sched. 7, s. 1 (2). Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 10 (6) of the Act is repealed and the following substituted: (See: 2022, c. 23, Sched. 7, s. 1 (3)) Same, existing pension plans (6) The administrator of a pension plan that applied for registration before the day subsection 1 (3) of Schedule 7 to the Progress on the Plan to Build Act (Budget Measures), 2022  comes into force shall, within the prescribed time, file with the Chief Executive Officer the pension plan’s funding policy and its governance policy. 2022, c. 23, Sched. 7, s. 1 (3). Other conversions (7) If some or all of the benefits provided by a multi-employer pension plan that is registered on or after the day subsection 1 (2) of Schedule 7 to the Progress on the Plan to Build Act (Budget Measures), 2022  comes into force are converted to target benefits, the administrator of the pension plan shall, within the prescribed time, file with the Chief Executive Officer the pension plan’s funding policy and its governance policy. 2022, c. 23, Sched. 7, s. 1 (2). Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 10 (7) of the Act is repealed. (See: 2022, c. 23, Sched. 7, s. 1 (3)) Requirements (8) A pension plan’s funding policy and its governance policy must satisfy such requirements and contain such information as may be prescribed, and must be reviewed in accordance with the regulations. 2022, c. 23, Sched. 7, s. 1 (2). Section Amendments with date in force (d/m/y) 2005, c. 31, Sched. 18, s. 3 - 31/12/2004 2010, c. 9, s. 5 (1, 2) - 18/05/2010;
2010, c. 24, s. 3 (1, 2, 4, 5) - 01/07/2012; 2010, c. 24, s. 3 (3) - 01/06/2011 2017, c. 34, Sched. 33, s. 2 (1) - 08/06/2019; 2017, c. 34, Sched. 33, s. 2 (2, 3) - 01/05/2018; 2017, c. 34, Sched. 33, s. 2 (4) - no effect - see 2022, c. 23, Sched.7, s. 2 - 08/12/2022 2018, c. 8, Sched. 23, s. 2 - 08/06/2019; CTS 04 SE 18 - 3 2019, c. 14, Sched. 9, s. 23 - 10/12/2019 2022, c. 23, Sched. 7, s. 1 (1-3) - not in force 11 Repealed:  2010, c. 9, s. 6. Section Amendments with date in force (d/m/y) 2010, c. 9, s. 6 - 18/05/2010