Section 29Part 5 — Entitlement and Vesting
Termination by member
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A person who is an active member —
of a multi-employer pension plan;
of a pension plan who is employed by an employer on a part-time basis; or
of a pension plan who has been laid off by the employer,
may terminate that person’s active membership in the pension plan if no contributions are paid or are required to be paid to the pension fund by or on behalf of the member for twenty-four consecutive months or for such shorter period as may be specified in the pension plan.
For the purpose of determining benefits under this Act, a person mentioned in subsection (1) who terminates that person’s membership in a pension plan shall be deemed to have terminated that person’s employment.
Subsections (1) and (2) shall not apply if contributions are not paid or are not required to be paid because the person has become a member of another pension plan and there is a reciprocal transfer agreement between the two pension plans.