When do the divestment provisions apply?
The divestment provisions are outlined in Section 80 of the PBA. These provisions will apply to you if:
- your employer sells, assigns or otherwise disposes of all or part of its business or all or part of the assets or services of its business to a new employer; and
- you become employed by the new employer in conjunction with the transfer of your employer’s business, assets or services; and
- the new employer provides a registered pension plan for its employees; and
- you become a member of the pension plan provided by the new employer.
Public services are considered “businesses” for divestment purposes. Please check with OPTrust to determine if the divestment provisions apply to you. To make this determination, we will need specific information from you. We may also need to contact your current and former employer.