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Order in Council 650/2020

On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:

Whereas subsection 100(1) of the Pension Benefits Act (the “Act”) provides that the Minister of Finance (the “Minister”), with the approval of the Lieutenant Governor in Council (the “ LGIC ”), may enter into one or more agreements on behalf of the Crown with a representative of a designated jurisdiction concerning the pension benefits legislation that governs designated multi-jurisdictional pension plans in Ontario and in the designated jurisdiction;

And

whereas subsection 1(1) of the Act provides that a “designated jurisdiction” means any jurisdiction in Canada, including Canada itself, that is prescribed as a jurisdiction in which there is in force legislation substantially similar to the Act;

And

whereas Canada, and the provinces of Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Québec and Saskatchewan are prescribed as designated jurisdictions for the purposes of the Act;

And

whereas the Minister wishes to enter into an agreement entitled “ 2020 Agreement Respecting Multi-Jurisdictional Pension Plans ” (the “2020 Agreement”) on behalf of the Crown with a representative of one or more of the designated jurisdictions concerning the pension benefits legislation that governs designated multi-jurisdictional pension plans in Ontario and in those jurisdictions;

And

whereas the 2020 Agreement would replace the agreement entitled “ 2016 Agreement Respecting Multi-Jurisdictional Pension Plans ” between the Minister and representatives of British Columbia, Nova Scotia, Québec and Saskatchewan, entered into by the Minister with the approval of the LGIC pursuant to O.C. 769/2016;

Therefore :

Approval is hereby granted, and the Minister of Finance is authorized to enter into an agreement, on behalf of the Crown, substantially in the form of the attached “ 2020 Agreement Respecting Multi-Jurisdictional Pension Plans ” with a representative of one or more of the designated jurisdictions.

This order is effective on the day the order is made.

Appendix

Ministry of Finance

Approved and Ordered:

April 14, 2020

Updated: June 29, 2022

Published: June 18, 2020