49(1)A pension plan is not eligible for registration unless it provides for funding sufficient to provide the pension benefits, ancillary benefits and other benefits under the pension plan and under this Act in accordance with this Act and the regulations.

49(2)An employer required to make contributions under a pension plan, or a person required to make contributions under a pension plan on behalf of an employer, shall make the contributions in the prescribed manner and in accordance with the prescribed requirements for funding

49(3)If the administrator is not the employer, the administrator shall take all necessary action so that contributions required to be paid under the pension plan and under the Act and the regulations are paid to the pension fund.

49(4)The administrator of a multi-employer pension plan may require a person who receives contributions to the pension fund or who administers or invests the pension fund to be bonded in the amounts required by the administrator or in the prescribed amounts.

49(5)An employer who is required to make contributions to a multi-employer pension plan shall transmit to the administrator of the plan a copy of the agreement that requires the employer to make the contributions or a written statement that sets out the contributions the employer is required to make and any other obligations of the employer under the pension plan.

49(6)Every person engaged in the investment of money of a pension fund shall ensure that the money is invested in accordance with this Act and the regulations.

49(7)The administrator of a pension plan or, if there is an agent of the administrator responsible for receiving contributions under the plan, the administrator and the agent shall give written notice to the Superintendent of unpaid contributions to the fund.

49(8)If the written notice under subsection (7) is not given to the Superintendent within sixty days after the date on which the contributions become due, the administrator of the pension plan and the employer are jointly liable to pay the contributions plus interest.