Pension Benefits Standards Act, 1985
Marginal note:Workout agreement
29.1 (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.
(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.
(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
- Date modified: