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Draft Ontario Pension-Credit Splitting Regs Released

Posted by on Mar 8, 2011 in Retirement | 0 comments

By Natasha Monkman

Hicks, Morley

The long awaited Family Law Matters Regulations supporting Bill 133, the Family Statute Law Amendment Act, 2009, have been released for comment by the Ontario Government.  Bill 133, once in force, will radically alter the marriage breakdown pension division regime in Ontario.  In addition to expediting the division process by moving to an immediate division system (currently spouses must wait until the member of the pension plan retires or terminates employment before the pension can be divided), Bill 133 and the Regulations provide for greater access to information for non-member spouses. READ MORE

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