Wind up statement

(1) In addition to the information required under section 46 of the Act, a wind up statement shall include the information required in a termination statement under these Regulations andCAP. 30:01. (a) the date of the wind up of the plan; (b) if there are insufficient assets to pay all pension benefits, a description of any reductions made to the member’s or former member’s benefits; Private Pensions 59 (c) if there are surplus assets, a statement of the method of distribution and, if applicable, the formula for allocation of any surplus among the plan beneficiaries; (d) notice where copies of the wind up report are available and information on how copies of the report may be obtained; (e) notice of the person the recipient of the statement may contact with respect to any questions arising out of the statement; and (f) notice that the entitlements and options are subject to the approval of the Supervisor and may be adjusted accordingly.