Bill No. 126
Pooled Registered Pension Plans Act (amended)
An Act to Amend Chapter 37 of the Acts of 2014, the Pooled Registered Pension Plans Act
Honourable Randy Delorey
Minister of Finance and Treasury Board
|First Reading||November 19, 2015|
|Second Reading Debates||November 20, 2015|
|Second Reading Passed||November 20, 2015|
|Law Amendments Committee||Submission Summary
|Meeting Date(s)||November 23, 2015|
|Reported to the House||November 24, 2015|
|Committee of the Whole House||November 26, 2015|
|Third Reading Debates||November 27, 2015|
|Third Reading||November 27, 2015|
|Royal Assent||December 18, 2015|
|Commencement||December 18, 2015|
|2015 Statutes, Chapter 48||View|
Clause 1 will allow funds in pooled registered pension plans to be transferred to retirement savings arrangements that are prescribed under the Pension Benefits Act.
Clause 2 provides the processes for the transfer of funds from the pooled registered pension plan account of a member of the plan to the spouse of the member.
Clauses 3 and 4 revise and add to amendments made by the Pooled Registered Pensions Plans Act to the Pension Benefits Act to allow for the transfer of funds between pooled registered pension plans and pension plans and retirement savings arrangements governed by the Pension Benefits Act.