2 (1) These Regulations apply to the Canadian Press pension plan if, within 30 days after the day on which these Regulations come into force
(a) the employer provides a written statement to the Superintendent confirming that the information set out in section 3 has been provided to the beneficiaries and that less than one third of the members of the plan have objected and less than one third of the beneficiaries excluding members have objected to their plan being subject to these Regulations and that the plan will meet the solvency standards set out in these Regulations;
(b) the administrator provides written notice to the Superintendent and the beneficiaries that the plan will be funded in accordance with these Regulations;
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Footnote *21 (1) These Regulations, other than subsection 15(2), come into force on November 1, 2010.
(2) Subsection 15(2) of these Regulations comes into force on the day on which subsection 1815(2) of the Jobs and Economic Growth Act, chapter 12 of the Statutes of Canada, 2010, comes into force.
19 These Regulations cease to be in force on January 1, 2024.
(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.
1 (1) The following definitions apply in these Regulations.
(2) Except as otherwise provided in these Regulations, words and expressions used in these Regulations have the same meaning as in the Pension Benefits Standards Regulations, 1985 and the Solvency Funding Relief Regulations.
(3) In the case of an inconsistency between these Regulations and the Pension Benefits Standards Regulations, 1985, or the Solvency Funding Relief Regulations, these Regulations prevail.
