s.32Ancillary benefits
32
Section 32Part 6 — Benefits

Ancillary benefits

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A pension plan may only provide the following ancillary benefits —
disability benefits;
death benefits in excess of those referred to in section 39;
benefits arising from additional voluntary contributions which have provided a pension entitlement fund in excess of the minimum as prescribed;
early pension entitlement options and benefits in excess of those provided by section 33; and
any other prescribed ancillary benefit.
The pension benefit to which a member is entitled on the date of termination of employment of the member shall include an ancillary benefit for which the member has met, on that date, all eligibility requirements under the pension plan.
For the purposes of subsection (2), where, under a pension plan, the consent of an employer is an eligibility requirement for entitlement to receive an ancillary benefit and a member or a former member has met all other eligibility requirements, the employer's consent shall be deemed to have been given.

Defined Terms

ancillary benefits

Cross References