Adjustment of former member’s deferred pension (defined benefits)
 34. (1) If the former member’s deferred pension is provided with respect to defined benefits, the adjusted amount of his or her deferred pension is determined in accordance with this section.  O. Reg. 287/11, s. 34 (1). (2) All calculations required by this section are to be made as of the date of the transfer of the lump sum, except where otherwise indicated.  O. Reg. 287/11, s. 34 (2). (3) The adjusted amount of the former member’s deferred pension, other than bridging benefits, if any, is determined in accordance with the following rules: 1.  Pre-adjustment amount of the former member’s deferred pension: Calculate the amount of the former member’s deferred pension (other than bridging benefits, if any) as of the family law valuation date, increased for any indexation provided by the terms of the pension plan for the period from the date on which he or she terminated employment or membership to the family law valuation date. 2.  Transferred portion: Calculate an amount representing the transferred portion of the former member’s deferred pension (other than bridging benefits, if any) using the formula, W × (H/J) × (X/Y) in which, “H”  has the same meaning as in section 18, “J”  has the same meaning as in section 18, “W”  is the pre-adjustment amount of the former member’s deferred pension (other than bridging benefits, if any) as calculated under paragraph 1, “X”  is the amount of the lump sum that was transferred, and “Y”  is the imputed value of the former member’s deferred pension as updated under section 30. 3.  Adjusted amount: Calculate the adjusted amount of the former member’s deferred pension (other than bridging benefits, if any) using the formula, Z – AA in which, “Z”  is the pre-adjustment amount of the former member’s deferred pension (other than bridging benefits, if any) as calculated under paragraph 1, and “AA”  is the amount of the transferred portion as calculated under paragraph 2. O. Reg. 287/11, s. 34 (3). (4) The adjusted amount of the former member’s bridging benefits, if any, is determined in accordance with the following rules: 1.  Pre-adjustment amount of the former member’s bridging benefits: Calculate the amount of any bridging benefits to which the former member was entitled as of the family law valuation date. 2.  Transferred portion: Calculate an amount representing the transferred portion of the former member’s bridging benefits using the formula, BB × (H/J) × (X/Y) in which, “H”  has the same meaning as in section 18, “J”  has the same meaning as in section 18, “X”  has the same meaning as in paragraph 2 of subsection (3), “Y”  has the same meaning as in paragraph 2 of subsection (3), and “BB”  is the pre-adjustment amount of the former member’s bridging benefits as calculated under paragraph 1. 3.  Adjusted amount: Calculate the adjusted amount of the former member’s bridging benefits using the formula, CC – DD in which, “CC”  is the pre-adjustment amount of the former member’s bridging benefits as calculated under paragraph 1, and “DD”  is the amount of the transferred portion as calculated under paragraph 2. O. Reg. 287/11, s. 34 (4). (5) For greater certainty, the period of employment credited under the pension plan to the former member is not reduced by an adjustment under this section.  O. Reg. 287/11, s. 34 (5). Division of a Pension for Certain Family Law Purposes (Section 67.4 of the Act)