40 (1) A pension plan may provide the following ancillary benefits: 1.  Disability benefits. 2.  Death benefits in excess of those provided in section 48 (pre-retirement death benefit). 3.  Bridging benefits. 4.  Supplemental benefits, other than bridging benefits, payable for a temporary period of time. 5.  Early retirement options and benefits in excess of those provided by section 41 (early retirement option). 6.  Postponed retirement options and benefits in excess of those referred to in subsection 35 (4). 7.  Any prescribed ancillary benefit.  R.S.O. 1990, c. P.8, s. 40 (1). Use in calculating pension benefit (2) An ancillary benefit for which a member has met all eligibility requirements under the pension plan necessary to exercise the right to receive payment of the benefit shall be included in calculating the member’s pension benefit or the commuted value of the pension benefit.  R.S.O. 1990, c. P.8, s. 40 (2). Consent of employer (3) For the purposes of subsection (2) and clause 14 (1) (c), if the consent of an employer is an eligibility requirement for entitlement to receive an ancillary benefit and a member, former member or retired member has met all other eligibility requirements, the employer is deemed to have consented.  2010, c. 9, s. 27. Same, jointly sponsored pension plan (4) For the purposes of subsection (2) and clause 14 (1) (c), if the consent of the administrator is an eligibility requirement for entitlement to receive an ancillary benefit under a jointly sponsored pension plan and a member, former member or retired member has met all other eligibility requirements, the administrator is deemed to have consented.  2010, c. 9, s. 27. Note: On a day to be named by proclamation of the Lieutenant Governor, section 40 of the Act is amended by adding the following subsection: (See: 2020, c. 36, Sched. 37, s. 7 (1)) Treatment re target benefits (5) Subsection (2) applies with respect to ancillary benefits under a pension plan that provides target benefits, except in such circumstances as may be prescribed. 2020, c. 36, Sched. 37, s. 7 (1) Note: On a day to be named by proclamation of the Lieutenant Governor, section 40 of the Act is amended by adding the following subsection: (See: 2020, c. 36, Sched. 37, s. 7 (2)) Treatment of optional benefits (6) Subsection (2) applies with respect to ancillary benefits that are optional benefits, except in such circumstances as may be prescribed. 2020, c. 36, Sched. 37, s. 7 (2). Section Amendments with date in force (d/m/y) 2005, c. 31, Sched. 18, s. 5 - 01/01/2007 2010, c. 9, s. 27 - 01/07/2012; 2010, c. 24, s. 13 (1, 2) - no effect - see 2020, c. 36, Sched. 37, s. 24 - 08/12/2020 2020, c. 36, Sched. 37, s. 7 (1, 2) - not in force Note: On a day to be named by proclamation of the Lieutenant Governor, the Act is amended by adding the following section: (See: 2020, c. 36, Sched. 37, s. 8) Optional benefits 40.1 (1) A pension plan that provides defined benefits may provide as optional benefits such benefits as may be prescribed. 2020, c. 36, Sched. 37, s. 8. Optional contributions (2) Optional contributions may be made by a member for optional benefits under the pension plan and, if the pension plan so permits, the member may choose or vary the amount of the optional contributions to be made. 2020, c. 36, Sched. 37, s. 8. Same (3) The optional contributions made by a member must be applied, in accordance with the terms of the pension plan, to provide only optional benefits upon the termination of employment or membership. 2020, c. 36, Sched. 37, s. 8. Requirements re contributions (4) A pension plan that provides optional benefits must satisfy such requirements as may be prescribed about the manner of determining the amount of the optional contributions for the optional benefits. 2020, c. 36, Sched. 37, s. 8. Requirements re conversion (5) The conversion of optional contributions into optional benefits is subject to such requirements as may be prescribed by regulation. 2020, c. 36, Sched. 37, s. 8. Non-application (6) Such provisions of the Act and regulations as may be prescribed do not apply with respect to optional benefits and optional contributions. 2020, c. 36, Sched. 37, s. 8. Section Amendments with date in force (d/m/y) 2010, c. 24, s. 14 - no effect - see 2020, c. 36, Sched. 37, s. 24 - 08/12/2020 2020, c. 36, Sched. 37, s. 8 - not in force