84 (1) If the Chief Executive Officer by order declares that the Guarantee Fund applies to a pension plan, the following are guaranteed by the Guarantee Fund, subject to the limitations and qualifications as are set out in this Act or are prescribed: 1.  Any pension in respect of employment in Ontario. 2.  Any deferred pension in respect of employment in Ontario to which a former member is entitled, if, i.  the former member’s employment or membership was terminated before January 1, 1988, ii.  the date of the wind up of the pension plan is before May 19, 2017, and iii.  the former member was at least 45 years of age and had at least 10 years of continuous employment with the employer, or was a member of the pension plan for a continuous period of at least 10 years, at the date of termination of employment. 2.1  If a former member’s employment or membership was terminated before January 1, 1988 and if the date of the wind up of the pension plan is on or after May 19, 2017, a deferred pension in respect of employment in Ontario to which the former member is entitled. 3.  If a member or former member’s employment or membership was terminated on or after January 1, 1988 and if the date of the wind up of the pension plan is before May 19, 2017, a percentage of any defined benefits in respect of employment in Ontario to which the member or former member is entitled under section 36 or 37 (deferred pension), or both, equal to 20 per cent if the combination of his or her age plus years of employment or membership in the pension plan equals 50, plus an additional two-thirds of 1 per cent for each additional one-twelfth credit of age and employment or membership to a maximum of 100 per cent. 3.1  If a member or former member’s employment or membership was terminated on or after January 1, 1988 and if the date of the wind up of the pension plan is on or after May 19, 2017, a deferred pension in respect of employment in Ontario to which the member or former member is entitled under section 36 or 37 (deferred pension), or both. 4.  All additional voluntary contributions, and the interest thereon, made by members, former members or retired members while employed in Ontario. 5.  The minimum value of all required contributions made to the pension plan by a member, former member or retired member in respect of employment in Ontario plus interest. 6.  That part of a pension or deferred pension guaranteed under this subsection to which a former spouse of a member, former member or retired member is entitled under an order under the Family Law Act, a family arbitration award or a domestic contract. 7.  Any pension to which a survivor of a former member or retired member is entitled under subsection 48 (1) (death before commencement of payment).  R.S.O. 1990, c. P.8, s. 84 (1); 1997, c. 28, s. 205; 1999, c. 6, s. 53 (20); 2005, c. 5, s. 56 (26); 2010, c. 9, s. 73 (1-5); 2018, c. 8, Sched. 23, s. 12, 23, 26; 2020, c. 36, Sched. 37, s. 20. Bridging benefits (2) For the purpose of this section, if a member, former member or retired member has at least ten years of continuous employment with the employer, a deferred pension or a pension benefit includes bridging benefits.  R.S.O. 1990, c. P.8, s. 84 (2); 2010, c. 9, s. 73 (6). Part year (3) In determining the combination of age and membership or employment for subsection (1), one-twelfth credit shall be given for each full month of age and for each full month of continuous employment or membership as of the date of termination of employment.  R.S.O. 1990, c. P.8, s. 84 (3). Application (3.1) This section applies if the effective date of the wind up of the pension plan is on or after April 1, 1987.  2010, c. 9, s. 73 (7). (4) Repealed:  2010, c. 9, s. 73 (8). Section Amendments with date in force (d/m/y) 1997, c. 28, s. 205 - 01/07/1998; 1999, c. 60, s. 53 (20) - 01/03/2000 2005, c. 5, s. 56 (26) - 13/06/2005 2010, c. 9, s. 73 (1-6, 8) - 01/07/2012;
2010, c. 9, s. 73 (7) - 18/05/2010 2017, c. 34, Sched. 33, s. 34 - no effect - see 2018, c. 8, Sched. 23, s. 26 - 08/05/2018 2018, c. 8, Sched. 23, s. 12 - 19/05/2017; 2018, c. 8, Sched. 23, s. 23 - 08/06/2019; 2018, c. 8, Sched. 23, s. 26 - 08/05/2018 2020, c. 36, Sched. 37, s. 20 - 08/12/2020