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Pension Benefits Standards Act, 1985

Version of section 29.1 from 2011-04-01 to 2023-09-13:

Marginal note:Workout agreement

  •  (1) Subject to the regulations made for the purposes of sections 29.03 to 29.09, this section and sections 29.2 and 29.3, the employer and the representatives may negotiate a workout agreement that, among other things, proposes a funding schedule in respect of the pension plan for the period specified in the agreement.

  • Marginal note:Exception

    (2) The proposed funding schedule may not provide for payments that become due before the day on which the negotiation period begins or that relate to normal cost.

  • Marginal note:Termination

    (3) A workout agreement may not be entered into in respect of a pension plan that has been terminated in whole.

  • 1998, c. 12, s. 19
  • 2010, c. 12, s. 1817
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