(a)
an employer pays an amount in respect of a pension plan that should have been paid out of the pension fund, or
(b)
an employer makes an overpayment of contributions into the pension fund.
53.1(2)The administrator of a pension plan may reimburse the employer from the pension fund for a payment or overpayment described in subsection (1) if the administrator obtains the consent of the Superintendent.
53.1(3)The administrator may apply for the consent of the Superintendent before the later of
(a)
24 months after the date on which the employer makes the payment or overpayment described in subsection (1), and
(b)
six months after the date on which the administrator, acting reasonably, becomes aware of the payment or overpayment described in subsection (1).
53.1(4)The Superintendent may consent to the payment from the pension fund to the employer if the application is made before the time described in subsection (3).