PART I INTERPRETATION
 28. (1) A notice of the intended wind up of a pension plan, required under section 68 of the Act, shall include, (a)  the name of the plan and its provincial registration number; (b)  the proposed date of wind up; (c)  notice that each member, former member, retired member or any other person entitled to a pension, deferred pension, any other benefit or a refund will be provided with an individual statement setting out entitlements and options under the plan; and (d)  where a plan provides contributory benefits, notice of the member’s right to make contributions in respect of the period of notice of termination of employment required under Part XV of the Employment Standards Act, 2000.  R.R.O. 1990, Reg. 909, s. 28 (1); O. Reg. 386/04, s. 6 (1); O. Reg. 178/12, s. 26 (1, 2). (2) In addition to setting out the applicable person’s entitlement under the plan and the options available to the person, the statement required by subsection 72 (1) of the Act must include the following information: 1.  The name of the pension plan and its provincial registration number. 2.  The name and date of birth of the member, former member or retired member. 3.  The date of the plan wind up. 4.  The date on which the member, former member or retired member joined the plan, and, except in the case of multi-employer pension plans, the date on which he or she was employed by the employer. 5.  If applicable, the name of the spouse of the member, former member or retired member, as indicated on the records of the administrator. 6.  The amount of required contributions made by the member, former member or retired member to the pension fund since the date of the last annual statement provided under section 27 of the Act. 7.  The accumulated amount of required contributions made by the member, former member or retired member to the pension fund, including interest credited to such contributions, to the date of the plan wind up. 8.  The amount of additional voluntary contributions made by the member, former member or retired member to the pension fund since the date of the last annual statement provided under section 27 of the Act. 9.  The accumulated amount of additional voluntary contributions made by the member, former member or retired member to the pension fund, including interest credited to such contributions, to the date of the wind up. 10.  Any amount transferred since the date of the last annual statement provided under section 27 of the Act from another pension plan on behalf of the member, former member or retired member and the pension benefit under the plan attributable to that amount. 11.  In the case of a plan providing defined contribution benefits, i.  the amount of employer contributions allocated to the member, former member or retired member since the date of the last annual statement provided under section 27 of the Act, and ii.  the accumulated amount of employer contributions, including interest credited to such contributions, allocated to the member, former member or retired member on the plan records, to the date of the wind up. 12.  In the case of a plan providing defined benefits, i.  the member’s years of employment or membership for the purpose of the calculation of pension benefits including any period credited under subsection 74 (5) of the Act, and ii.  where salary is a factor in determining a pension benefit, the salary level utilized for the purpose of determining the benefit. 13.  The rate of interest credited to contributions required to be made by the member, former member or retired member since the date of the last annual statement required under section 27 of the Act. 14.  An explanation of any amendments made to the pension plan during the period covered by the statement for which an explanation has not previously been provided under section 40. 15.  The time period in which any option must be exercised. 16.  If there are insufficient assets to pay all pension benefits, a description of any reductions made to the person’s benefits. 17.  Notice about where copies of the wind up report are available and information about how copies of the report may be obtained. 18.  Notice about the person who the recipient of the statement may contact with respect to any questions arising out of the statement. 19.  Notice that the entitlements and options are subject to the approval of the Chief Executive Officer and the approval of the Canada Revenue Agency, and may be adjusted accordingly.  O. Reg. 178/12, s. 26 (3); O. Reg. 149/19, s. 1. (2.1) Subject to subsection (2.2), the statement required by subsection 72 (1) of the Act must be given to the specified persons within 60 days after the administrator receives notice that the Chief Executive Officer has approved the wind up report.  O. Reg. 144/00, s. 21 (4); O. Reg. 149/19, s. 1. (2.2) If the Chief Executive Officer approves the payment of benefits under subsection 70 (3) of the Act, the statement required by subsection 72 (1) of the Act must be given to the persons affected by the approval within 60 days after the administrator receives notice of it.  O. Reg. 144/00, s. 21 (4); O. Reg. 149/19, s. 1. (3) A recipient of a statement referred to in subsection (2) who is entitled to elect an option shall forward the election to the administrator within ninety days after receipt of the statement.  R.R.O. 1990, Reg. 909, s. 28 (3). (4) Subject to subsections (4.1) and (4.2), the payment required by subsection 72 (3) of the Act must be made within 60 days after the later of, (a)  the day on which the administrator receives the applicable person’s election under subsection (3) or, if no election is made, the day on which the person is deemed to have made the election; and (b)  the day on which the administrator receives notice that the Chief Executive Officer has approved the wind up report.  O. Reg. 144/00, s. 21 (5); O. Reg. 412/17, s. 1 (1); O. Reg. 149/19, s. 1. (4.1) Subject to subsection (4.2), if the Chief Executive Officer approves the payment of benefits under subsection 70 (3) of the Act, the payment required by subsection 72 (3) of the Act must be made within 60 days after the later of, (a)  the day on which the administrator receives the election under subsection (3) by the person affected by the approval or, if no election is made, the day on which the person is deemed to have made the election; and (b)  the day on which the administrator receives notice of the approval.  O. Reg. 144/00, s. 21 (5); O. Reg. 412/17, s. 1 (2); O. Reg. 149/19, s. 1. (4.2) If the Chief Executive Officer defers the giving of approval in respect of the purchase of some or all of the life annuities under subsection 73.1 (2) of the Act, the payment required by subsection 72 (3) of the Act to a person affected by the deferral must be made, (a)  within 60 days after the later of, (i)  the day on which the administrator receives the person’s election under subsection (3) or, if no election is made, the day on which the person is deemed to have made the election, and (ii)  the day on which the administrator receives notice that the Chief Executive Officer has approved the purchase of a life annuity for the person; or (b)  if the administrator applies to the Chief Executive Officer for an extension, within such other period of time as the Chief Executive Officer considers appropriate. O. Reg. 412/17, s. 1 (3); O. Reg. 149/19, s. 1. (5) A notice required under subsection 78 (2) of the Act for a plan that is being wound up shall contain, (a)  the name of the pension plan and its provincial registration number; (b)  the valuation date of the report provided with the application and amount of surplus in the pension plan; (c)  Revoked:  O. Reg. 178/12, s. 26 (4). (d)  the amount of surplus withdrawal requested; (e)  a statement that submissions may be made in writing to the Chief Executive Officer within thirty days of receipt of the notice; (f)  the contractual authority, if any, for surplus reversion; and (g)  notice that copies of the wind up report filed with the Chief Executive Officer in support of the surplus request are available for review at the offices of the employer and information on how copies of the report may be obtained.  R.R.O. 1990, Reg. 909, s. 28 (5); O. Reg. 712/92, s. 16; O. Reg. 307/98, s. 12 (2, 3); O. Reg. 178/12, s. 26 (4, 5); O. Reg. 149/19, s. 1. (5.1) The employer shall file a copy of the notice required by subsection 78 (2) of the Act before transmitting it to the persons required by that subsection.  O. Reg. 307/98, s. 12 (4). (6) An application by an employer for the consent of the Chief Executive Officer to a payment from a pension plan that is being wound up shall be accompanied by a certified copy of the notice referred to in subsection (5), a statement that subsection 78 (2) of the Act has been complied with, the date the last notice was distributed and details as to the classes of persons who received notice.  R.R.O. 1990, Reg. 909, s. 28 (6); O. Reg. 307/98, s. 12 (5); O. Reg. 149/19, s. 1.