85 The following are not guaranteed by the Guarantee Fund: 1.  The payment of a pension or pension benefit under a pension plan that has been established or maintained for less than five years at the date of the wind up, if the date of the wind up is on or after the date on which the Securing Pension Benefits Now and for the Future Act, 2010 received Royal Assent. 1.1  The payment of a pension or pension benefit under a pension plan that has been established or maintained for less than three years at the date of the wind up, if the date of the wind up is before the date on which the Securing Pension Benefits Now and for the Future Act, 2010
received Royal Assent. 2.  Any increase to a pension or pension benefit or increase to the value of a pension or pension benefit that became effective within five years before the date of the wind up, if the date of the wind up is on or after the date on which the Securing Pension Benefits Now and for the Future Act, 2010 received Royal Assent. 2.1  Any increase to a pension or pension benefit or increase to the value of a pension or pension benefit that became effective within three years before the date of the wind up, if the date of the wind up is before the date on which the Securing Pension Benefits Now and for the Future Act, 2010 received Royal Assent. 3.  The amount of any pension or pension benefit, including any bridging supplement, i.  in excess of $1,000 per month or such greater amount as is prescribed, if the date of the wind up is before May 19, 2017, or ii.  in excess of $1,500 per month or such greater amount as is prescribed, if the date of the wind up is on or after May 19, 2017. 4.  Pension benefits provided under a multi-employer pension plan. 4.1  Pension benefits provided under a designated multi-jurisdictional pension plan in respect of employment outside Ontario or in respect of included employment as defined in subsection 2 (1) of the Pension Benefits Standards Act, 1985 (Canada). 5.  Pension benefits provided under a pension plan that provides defined benefits, if the obligation of the employer to contribute to the pension fund is limited to a fixed amount set out in a collective agreement. Note: On a day to be named by proclamation of the Lieutenant Governor, section 85 of the Act is amended by adding the following paragraph: (See: 2020, c. 36, Sched. 37, s. 21 (1)) 5.1  Pension benefits that are target benefits. Note: On a day to be named by proclamation of the Lieutenant Governor, section 85 of the Act is amended by adding the following paragraph: (See: 2020, c. 36, Sched. 37, s. 21 (2)) 5.2  Optional benefits. 6.  Pension benefits provided by prescribed pension plans or prescribed classes of pension plans.  R.S.O. 1990, c. P.8, s. 85; 2010, c. 1, Sched. 23, s. 10; 2010, c. 24, s. 38 (1); 2018, c. 8, Sched. 23, s. 13, 26. Section Amendments with date in force (d/m/y) 2010, c. 1, Sched. 23, s. 10 - 01/10/2010; 2010, c. 24, s. 38 (1) - 01/01/2012;
2010, c. 24, s. 38 (2, 3) - no effect - see 2020, c. 36, Sched. 37, s. 24 - 08/12/2020 2017, c. 34, Sched. 33, s. 35 - no effect - see 2018, c. 8, Sched. 23, s. 26 - 08/05/2018 2018, c. 8, Sched. 23, s. 13 - 19/05/2017; 2018, c. 8, Sched. 23, s. 26 - 08/05/2018 2020, c. 36, Sched. 37, s. 21 (1, 2) - not in force