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The Pooled Registered Pension Plans (Manitoba) Act

S.M. 2017, c. 3

Bill 3, 2 nd Session, 41st Legislature

The Pooled Registered Pension Plans (Manitoba) Act

DEFINITIONS AND APPLICATION
1 Definitions
2 Jurisdiction of employment
3 Application of this Act
4 (1) Application of federal Act
(2) Substituted expressions
(3) Federal provisions that do not apply
(4) Reference to "this Act" in applied Act
(5) Reference to regulations
SUPERINTENDENT
5 (1) Powers of superintendent
(2) Acting superintendent
(3) Delegation
RECONSIDERATION, REVIEW, OBJECTIONS AND APPEALS
6 (1) Multilateral agreement — reconsideration, review or appeal of decision of superintendent
(2) Multilateral agreement — reconsideration, review or appeal of decision of other supervisory authority
7 (1) Appeal to commission
(2) Notice of appeal
(3) Rules of procedure
(4) Superintendent has standing
(5) Commission's response
(6) Notice of decision
8 (1) Appeal to Court of Appeal
(2) Application for leave deadline
(3) Service of application and notice of appeal
(4) Standing of superintendent and commission
(5) Order on appeal
(6) Commission may make further decision
(7) Effective date of commission's decision
JOINT LIFE ANNUITY
9 (1) Entitlement to joint life annuity
(2) Exceptions
(3) Minimum annuity payments for survivor
(4) Waiver of joint life annuity
(5) Revoking waiver
WITHDRAWAL OF FUNDS
10 (1) Right to withdraw funds — disability
(2) Consent required
(3) Funds payable on a division
11 Right to withdraw funds — small PRPP account balance
PROTECTION OF FUNDS
12 (1) Protection of PRPP funds
(2) Exception — division on breakdown of relationship
DIVISION ON BREAKDOWN OF
RELATIONSHIP
13 (1) Division on breakdown of relationship
(2) Division to be made in accordance with regulations
(3) Recipient's funds to remain locked in
14 (1) Application for order to divide PRPP funds
(2) Application deadline
(3) Court order
15 (1) Agreement not to divide PRPP funds
(2) Waiver of entitlement after member's death
DEATH OF MEMBER
16 (1) Entitlement of designated beneficiary
(2) Waiver of survivor entitlement
(3) Revocation of waiver
GENERAL PROVISIONS
17 Offence — court may order compliance
18 Protection from liability
19 (1) Regulations
(2) Incorporation by reference
(3) Adoption of standard, code or rule
CONSEQUENTIAL AND RELATED AMENDMENTS
20 C.C.S.M. c. F20 amended
21 (1) C.C.S.M. c. F25 amended
(2)
(3)
(4)
22 (1) C.C.S.M. c. G20 amended
(2)
(3)
(4)
(5)
(6)
(3) Credit or funds bound when order served
(7)
(8)
(4.1) Entitlement to funds in PRPP account
(9)
(10)
(11)
(12)
(8) Payment within 90 days
(13)
(9) Garnishment available despite other Act or plan provision
(14)
(15)
(16)
(17)
(18)
(19)
(20)
23 C.C.S.M. c. M225 amended
24 C.C.S.M. c. P32 amended
25 (1) C.C.S.M. c. P250 amended
(2)
(3)
C.C.S.M. REFERENCE AND COMING INTO FORCE
26 C.C.S.M. reference
27 Coming into force