Required Contributions

(1) A pension plan must provide for funding sufficient to provide the pension benefits under the pension plan in accordance with this Act and the regulations. (2) An employer required to make contributions under a pension plan, or a person or entity required to make contributions under a pension plan on behalf of an employer, shall make the contributions in accordance with the prescribed requirements for funding and shall make the contributions in the prescribed manner and at the prescribed times, to the pension fund. (3) Members of a pension plan that provides contributory benefits shall make the contributions required under the plan in the manner and at the time prescribed by regulations.