Duty to Monitor Contributions

(1) The administrator of a pension plan and the custodian of the pension fund shall ensure that all contributions are paid when due. (2) If a contribution is not paid when due, the administrator and the custodian of the pension fund, if any, shall notify the Supervisor in the prescribed manner and within the prescribed period. (3) The administrator shall give the custodian of the pension fund, if any, a summary of the contributions required to be made in respect of the pension plan, and shall do so within 30 days of the start of the plan’s fiscal year and at any time the contribution rate of the plan is amended. (4) If the administrator is also the custodian of the pension fund, the administrator shall provide the summary of contributions to the Supervisor. 36 (5) The custodian of the pension fund, if any, shall notify the Supervisor within 30 days if the person is not given the summary in accordance with sub-section (3). (6) The administrator and the custodian of the pension fund, if any, shall notify the Supervisor within 30 days if a contribution is not paid when due.