Pension Benefits Standards Regulations, 1985

10 (1) An administrator who fails to pay into the fund any amount remitted to the administrator under subsection 9(14) is liable to the plan for the outstanding payment and interest on it.

(2) If an employer fails to make payments to the plan at the times set out in subsection 9(14) or fails to make payments in accordance with subsection 29(6) of the Act or if the administrator is liable under subsection (1), the interest rate shall be

• (a) in respect of a going concern special payment, the one used to determine the going concern liabilities;

• (b) in respect of a solvency special payment, the one used to determine the solvency liabilities;

• (c) in respect of a normal cost, the one applicable in paragraph (a); and

• (d) in respect of any other payments, the one applicable in paragraph (b).