Bill 174 2014
An Act to amend the Pension Benefits Act
Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows:
1. Paragraph 3 of section 85 of the Pension Benefits Act is repealed and the following substituted:
3. The amount of any pension or pension benefit, including any bridging supplement, in excess of $2,500 per month or such greater amount as is prescribed by the regulations.
2. This Act comes into force on the day it receives Royal Assent.
3. The short title of this Act is the Pension Benefits Amendment Act, 2014.
The Bill amends the Pension Benefits Act to raise the amount guaranteed by the Pension Benefits Guarantee Fund from $1,000 to $2,500 per month.