BILL NO. 4

(1A) Where, at the wind up on or after May 1, 2007, of a pension plan in whole or in part, other than a multi-employer pension plan, the assets in the pension fund are less than the value of the benefits provided under the plan and under Section 79, the employer shall make such payments into the pension fund of the amount necessary to fund the benefits provided under the plan and under Section 79.

(a) striking out "money" in the first line and substituting "monies"; and

(b) striking out "subsection (1)" in the second line and substituting "subsections (1) and (1A)".

2 Section 81 of Chapter 340 is amended by adding "the employer satisfies its obligations under Section 80 and" immediately after "until" in the third line.

3 Section 82 of Chapter 340 is amended by adding "distributed and, if appropriate," immediately after "be" in the fourth line.

4 This Act comes into force on such day as the Governor in Council orders and declares by proclamation.