Regulations
14. The Lieutenant Governor in Council may make regulations, (a) prescribing the composition of the Board and the appointment of the members of the Board; (b) governing the operation and administration of the Board including the powers and duties of the officers and employees of the Board; (c) governing the administration of the Fund including the receipt, deposit and payment of all money of the Fund, the receipt, safekeeping and delivery of securities of the Fund, the borrowing of such sums as are necessary and the procedures for the determination of benefits; (d) requiring participating employers to pay to the Fund the contributions of employers and members and to pay interest at a prescribed rate on amounts of contributions that are overdue and unpaid, and to furnish information to the Board; (e) authorizing the Board to accept securities or any class thereof from participating employers as a payment on account of contributions in respect of prior service, and to determine the price of the securities; (f) providing for the participation of employers and for the membership of employees and councillors in the System, and the terms and conditions upon which such participation and membership are permitted; (f.1) authorizing associated employers to specify that only designated classes of their eligible employees described in section 9.1 are to be members of the System; (f.2) prescribing services, programs and things for the purposes of subsection 9.1 (3); (g) prescribing the rates of contributions of the members and employers and the principles for the determination of the rates of contributions of the members and employers; (h) providing for and defining, (i) a normal retirement pension, (ii) a disability retirement pension, (iii) a pension to the surviving spouse or children, (iv) a deferred pension, (v) an early retirement pension, (vi) a refund of the member’s contributions, plus interest thereon, and prescribing the terms and conditions upon which such benefits shall be paid, and for giving such terms and conditions retroactive effect in cases considered appropriate; (i) providing for supplementary benefits and prescribing the terms and conditions upon which such supplementary benefits may be provided; (j) providing for the transfer from or to the Fund of a pension entitlement; (k) prescribing the terms and conditions upon which pensions in respect of prior service may be provided; (l) prescribing the terms and conditions upon which pensions and increases in pensions for retired employees, their surviving spouses and children may be provided; (m) prescribing the duties of employers and of members with respect to the System; (m.1) prescribing rules that apply with respect to associated employers who are participating employers; (n) prescribing the duties and liabilities of members and their employers with respect to contributions and rights of members and employers under approved pension plans; (o) prescribing the terms and conditions upon which members may accumulate pension benefits while absent from duty; (p) respecting any matter necessary or advisable to carry out effectively the intent and purpose of this Act; (q) prescribing the terms and conditions upon which surplus may be paid from the Fund; (r) prescribing the method of allocation of the assets of the Fund if the Fund is discontinued or terminated; (s) providing for the funding of supplementary benefits through the Fund. R.S.O. 1990, c. O.29, s. 14; 1991, c. 54, s. 6; 1998, c 15, Sched. D, s. 4; 1999, c. 6, s. 49 (5); 2005, c. 5, s. 53 (7).