Appointed Administrator

(1) The Supervisor may appoint a person (who may be a corporation, partnership, association or other organization) who shall have the powers and functions of the administrator in any of the following circumstances– (a) when the pension plan is being wound up; (b) when the administrator or employer (other than an employer who participates in a multi- employer pension plan or financial institution pension plan) is bankrupt or insolvent; (c) when the administrator has resigned, been dissolved, or is unable or unwilling to fulfill its duties; or (d) where the Supervisor considers that the pension fund or member benefits are at risk from mismanagement or non-compliance with the Act or regulations. (2) The appointed administrator shall– (a) perform any act for and on behalf of the pension plan and represent it in and out of court; (b) safeguard the assets of the pension plan; 55 (c) collect outstanding employer and member contributions to the pension fund; (d) determine the amount each member is entitled to receive from the pension fund; (e) determine the amount due to former members of the pension plan and other persons; (f) recommend to the Supervisor whether the pension plan should be wound up; (g) if the pension plan is to be wound up, set out the method of allocating and distributing the assets of the pension plan and the priorities for payment of benefits; and (h) perform any other function as may be prescribed or ordered by the Supervisor. (3) The Supervisor may make a temporary or permanent appointment under this section, and may revoke the appointment at any time. (4) The reasonable costs of the person appointed by the Supervisor may be paid out of the pension fund.