jswizzle3737/ontario_laws_and_regs huggingface dataset:
Definitions
2. In this section and in sections 3 and 4, “Ryerson Account” means the account in relation to the Ryerson Pension Plan in the Superannuation Adjustment Fund Account established under the Superannuation Adjustment Benefits Act; (“compte de Ryerson”) “Ryerson Pension Plan” means the Ryerson Retirement Pension Plan of Ryerson Polytechnical Institute. (“Régime de retraite de Ryerson”) 1994, c. 21, s. 2.
Transfer of assets
3. (1) As of the 1st day of January, 1993, the Treasurer of Ontario shall transfer to the Ryerson Pension Plan the total amount of the assets of the Ryerson Account on the 31st day of December, 1992. 1994, c. 21, s. 3 (1). Debentures (2) The transfer shall be made by issuing to the Ryerson Pension Plan debentures of the Province of Ontario that are equal to the amount of the assets and that, in the Treasurer’s opinion, provide for the payment of principal and interest on terms that are substantially equivalent to those on which the assets of the Ryerson Account are held on the 31st day of December, 1992. 1994, c. 21, s. 3 (2). Authority to issue (3) For the purpose of subsection (2), the Treasurer is authorized, on behalf of Ontario, to issue to the Ryerson Pension Plan debentures of Ontario in such amounts, upon such terms as to the payment of principal and interest, maturing at such time or times and either with or without the privilege of prepayment of the whole or any part of the principal amount of any such debenture as will, in the opinion of the Treasurer, meet the requirements of this section, and any debenture may provide that it is not assignable or transferrable. 1994, c. 21, s. 3 (3). Transfer of liabilities (4) All liabilities of the Ryerson Account are transferred to the Ryerson Pension Plan on the 1st day of January, 1993. 1994, c. 21, s. 3 (4). Termination of Ryerson Account (5) The Ryerson Account ceases to exist on the 1st day of January, 1993. 1994, c. 21, s. 3 (5). Investments authorized (6) Despite the Pension Benefits Act and the regulations under that Act, the receipt and holding by the Ryerson Pension Plan of debentures issued under this section shall not be considered imprudent or unreasonable or contrary to that Act or the regulations under that Act, and the nature, amount and terms of the debentures may be taken into account by the administrator of the Plan in determining future investments of the assets of the Plan. 1994, c. 21, s. 3 (6). Application of R.S.O. 1990, c. P.8, s. 81 (7) Section 81 of the Pension Benefits Act does not apply to the transfers described in this section. 1994, c. 21, s. 3 (7).
Plan valuation
4. The administrator of the Ryerson Pension Plan shall, not later than the 31st day of December, 1992, cause to be prepared and filed in accordance with the Pension Benefits Act and the regulations under that Act, (a) a going concern valuation of the Plan made as of the 1st day of January, 1991; and (b) a solvency valuation of the Plan made as of the 1st day of January, 1991. 1994, c. 21, s. 4. 5. Omitted (provides for coming into force of provisions of this Act). 1994, c. 21, s. 5. 6. Omitted (enacts short title of this Act). 1994, c. 21, s. 6. ______________ Français
Plan valuation
5. Omitted (provides for coming into force of provisions of this Act). 1994, c. 21, s. 5. 6. Omitted (enacts short title of this Act). 1994, c. 21, s. 6. ______________ Français
Plan valuation
6. Omitted (enacts short title of this Act). 1994, c. 21, s. 6. ______________ Français