Ontario Regulation 393/24 made under the Pension Benefits Act Made: October 10, 2024 Filed: October 16, 2024 Published on e-Laws: October 17, 2024 Published in The Ontario Gazette: November 2, 2024 Amending O. Reg. 368/19 (VARIABLE BENEFITS) 1. Section 5 of Ontario Regulation 368/19 is amended by adding the following subsection: (2.1) For greater certainty, if a retired member has a variable benefit account under a pension plan and either has a defined contribution account under the pension plan or is receiving target benefits under the pension plan, or both, section 40.2 of the General Regulation applies in respect of the defined contribution account or the target benefits, or both, as the case may be. 2. Subsection 11 (2) of the Regulation is amended by striking out “and” at the end of clause (a) and by adding the following clause: (a.1) if a retired member has a variable benefit account under a pension plan and either has a defined contribution account under the pension plan or is receiving target benefits under the pension plan, or both, subsection 28 (2) of the General Regulation applies in respect of the defined contribution account or the target benefits, or both, as the case may be; and 3. Section 13 of the Regulation is amended by adding the following subsection: (4) For greater certainty, if, at the date of a retired member’s death, the retired member has a variable benefit account under a pension plan and either has a defined contribution account under the pension plan or is receiving target benefits under the pension plan, or both, section 43 of the General Regulation applies in respect of the defined contribution account or the target benefits, or both, as the case may be. Commencement 4. This Regulation comes into force on the later of the day section 17 of Schedule 33 to the Stronger, Fairer Ontario Act (Budget Measures), 2017 comes into force and the day this Regulation is filed.   Français