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Canadian Press Pension Plan Solvency Deficiency Funding Regulations, 2010

Version of section 11 from 2010-10-28 to 2010-10-31:

The following provision is not in force.
  •  (1) The amount of any secured borrowing obtained by the employer once it has obtained an aggregate of $1.5 million of secured borrowing after January 31, 2009 must be subordinated to the aggregate amount of deferred special payments.

  • (2) If the employer does not comply with subsection (1), it shall immediately notify the Superintendent in writing of its non-compliance and immediately pay to the pension fund the aggregate amount of deferred special payments. These Regulations will then no longer apply.


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