21. The administrator of a plan contemplated in section 20 may, with the approval of the Government and upon such conditions as it determines, delegate all or part of his functions to the Fund as regards the administration of the patrimony of such plan and the latter shall have the powers required to exercise such functions.
The Fund shall manage the investments of any plan contemplated by section 20 in accordance with the Supplemental Pension Plans Act (chapter R-15.1), or Division IV of this Act, and, in the case of the investments of the plan contemplated by paragraph c of the said section, taking into account the general standards, if they have been prescribed, made by the pension committee in respect of the funds referred to in paragraph 2 of section 165 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10).
However, in the case of funds derived from a plan established by decree in the construction industry, priority must be given to investments promoting such industry.
1969, c. 50, s. 5; 1973, c. 12, s. 185; 1983, c. 24, s. 80; 1989, c. 38, s. 267; 1992, c. 22, s. 4.