R-15.1 - Supplemental Pension Plans Act

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220. Where an employer withdraws from a multi-employer pension plan or a multi-employer pension plan is terminated, the assets of the plan shall be distributed among the groups of benefits constituted pursuant to this subdivision, according to the value of the benefits in each group and the order of payment established by this Act.
The assets of the plan shall, for the purpose of such distribution, be increased by the amount representing the contributions that any employer who is a party to the plan has, at the date of termination, failed to pay into the pension fund or to the insurer.
1989, c. 38, s. 220; 2000, c. 41, s. 127.
220. The assets of any pension plan that is partially terminated or of a multi-employer pension plan that is totally terminated shall be distributed among the groups of benefits constituted pursuant to this subdivision, according to the value of the benefits in each group and the order of payment established by this Act.
The assets of a multi-employer pension plan that is terminated in whole or in part shall, for the purpose of such distribution, be increased by the amount representing the contributions that any employer who is a party to the plan has, at the date of termination, failed to pay into the pension fund or to the insurer.
1989, c. 38, s. 220.