Pension Benefits Standards Act, 1985

Marginal note:Notification of remittance

• 9.1 (1) The administrator of a pension plan must notify in writing the trustee 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 30 days after the date referred to in subsection (1),

  • (a) the administrator of the pension plan must immediately notify the Superintendent; and

  • (b) a trustee or custodian of the pension fund must, if the administrator is the employer, immediately notify the Superintendent.

• Marginal note:Content

  (3) The Superintendent may direct the form and content of any notice referred to in subsection (2) as well as the manner of providing that notice.