74 (1) This section applies if a person ceases to be a member of a pension plan on the effective date of one of the following activating events: 1.  The wind up of a pension plan, if the effective date of the wind up is on or after April 1, 1987. 2.  The employer’s termination of the member’s employment, if the effective date of the termination is on or after July 1, 2012.  However, this paragraph does not apply if the termination occurs in any of the circumstances described in subsection (1.1). 3.  The occurrence of such other events as may be prescribed in such circumstances as may be specified by regulation.  2010, c. 9, s. 56 (1); 2011, c. 9, Sched. 35, s. 6. Same, termination of employment (1.1) Termination of employment is not an activating event if the termination is a result of wilful misconduct, disobedience or wilful neglect of duty by the member that is not trivial and has not been condoned by the employer or if the termination occurs in such other circumstances as may be prescribed.  2010, c. 9, s. 56 (1). Exceptions, election by certain pension plans (1.2) This section does not apply with respect to a jointly sponsored pension plan or a multi-employer pension plan while an election made under section 74.1 for the plan and its members is in effect.  2010, c. 9, s. 56 (1). Benefit (1.3) A member in Ontario of a pension plan whose combination of age plus years of continuous employment or membership in the pension plan equals at least 55 on the effective date of the activating event has the right to receive, (a)  a pension in accordance with the terms of the pension plan, if, under the pension plan, the member is eligible for immediate payment of the pension benefit; (b)  a pension in accordance with the terms of the pension plan, beginning at the earlier of, (i)  the normal retirement date under the pension plan, or (ii)  the date on which the member would be entitled to an unreduced pension under the pension plan if the activating event had not occurred and if the member’s membership continued to that date; or (c)  a reduced pension in the amount payable under the terms of the pension plan beginning on the date on which the member would be entitled to the reduced pension under the pension plan if the activating event had not occurred and if the member’s membership continued to that date.  2010, c. 9, s. 56 (1). Part year (2) In determining the combination of age plus employment or membership, one-twelfth credit shall be given for each month of age and for each month of continuous employment or membership on the effective date of the activating event.  R.S.O. 1990, c. P.8, s. 74 (2); 2010, c. 9, s. 56 (2). Member for 10 years (3) Bridging benefits offered under the pension plan to which a member would be entitled if the activating event had not occurred and if his or her membership were continued shall be included in calculating the pension benefit under subsection (1.3) of a person who has at least 10 years of continuous employment with the employer or has been a member of the pension plan for at least 10 years.  2010, c. 9, s. 56 (3). Prorated bridging benefit (4) For the purposes of subsection (3), if the bridging benefit offered under the pension plan is not related to periods of employment or membership in the pension plan, the bridging benefit shall be prorated by the ratio that the member’s actual period of employment bears to the period of employment that the member would have to the earliest date on which the member would be entitled to payment of pension benefits and a full bridging benefit under the pension plan if the activating event had not occurred.  R.S.O. 1990, c. P.8, s. 74 (4); 2010, c. 9, s. 56 (4). Notice of termination of employment (5) Membership in a pension plan that is wound up includes the period of notice of termination of employment required under Part XV of the Employment Standards Act, 2000.  R.S.O. 1990, c. P.8, s. 74 (5); 2004, c. 31, Sched. 31, s. 3; 2010, c. 9, s. 56 (5). Application of subs. (5) (6) Subsection (5) does not apply for the purpose of calculating the amount of a pension benefit of a member who is required to make contributions to the pension fund unless the member makes the contributions in respect of the period of notice of termination of employment.  R.S.O. 1990, c. P.8, s. 74 (6). Consent of employer (7) For the purposes of this section, where the consent of an employer is an eligibility requirement for entitlement to receive an ancillary benefit, the employer shall be deemed to have given the consent.  R.S.O. 1990, c. P.8, s. 74 (7). Consent of administrator, jointly sponsored pension plans (7.1) For the purposes of this section, where the consent of the administrator of a jointly sponsored pension plan is an eligibility requirement for entitlement to receive an ancillary benefit, the administrator shall be deemed to have given the consent.  2005, c. 31, Sched. 18, s. 9. Use in calculating pension benefit (8) A benefit described in clause (1.3) (a), (b) or (c) for which a member has met all eligibility requirements under this section shall be included in calculating the member’s pension benefit or the commuted value of the pension benefit.  2010, c. 9, s. 56 (6). (9) Repealed:  2010, c. 9, s. 56 (7). Section Amendments with date in force (d/m/y) 2004, c. 31, Sched. 31, s. 3 - 16/12/2004 2005, c. 31, Sched. 18, s. 9 - 01/01/2007 2010, c. 9, s. 56 (1-7) - 01/07/2012 2011, c. 9, Sched. 35, s. 6 - 01/07/2012 Election re grow-in benefits, certain pension plans