Bill 174, Pension Benefits Amendment Act, 2014
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 Paragraph 3 of section 85 of the Pension Benefits Act is repealed and the following substituted: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.
Commencement
2. This Act comes into force on the day it receives Royal Assent.
Short title
3. The short title of this Act is the Pension Benefits Amendment Act, 2014.
EXPLANATORY NOTE
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.
| Date | Bill stage | Activity | Committee |
|---|---|---|---|
| April 3, 2014 | - | Ordered referred to Standing Committee | Standing Committee on Finance and Economic Affairs |
| April 3, 2014 | Second Reading | Carried | - |
| April 3, 2014 | Second Reading | Debate | - |
| March 19, 2014 | First Reading | Carried | - |
Debates and Progress
First Reading
Committee
Second Reading
Mr. Paul Miller, Mr. Steven Del Duca, Mrs. Julia Munro, Mr. Taras Natyshak, Mr. Bob Delaney, Mr. Jack MacLaren, Mr. Rosario Marchese, Mr. John O’Toole
Declared carried. Referred to the Standing Committee on Finance and Economic Affairs.
Committee
Standing Committee on Finance and Economic Affairs
Third Reading
Royal Assent
Acts affected - Bill 174
Most Ontario public acts are available electronically; to view copies of the Acts to be amended by this bill visit e-laws
Pension Benefits Act
Legislative Assembly of Ontario