Pension Benefits Standards Act, 1985

Marginal note:Notification of remittance

• 9.1 (1) The administrator of a pension plan shall notify in writing the holder or custodian of the pension fund of all amounts that are to be remitted to the pension fund and the expected date of the remittance.

• Marginal note:Effect of late remittance

  (2) If a payment to a pension fund is not remitted within thirty days after the date referred to in subsection (1),

  • (a) the administrator of the pension plan shall immediately notify the Superintendent in writing; and

  • (b) a holder or custodian of the pension fund shall, if the administrator is the employer, immediately notify the Superintendent in writing.