99.9912(1)On approval of the wind-up report for either pension plan, each person who is entitled to a pension, a deferred pension or other benefit or to a refund with respect to the wound-up pension plan is entitled, in addition to the options available under this Act, to require the administrator to transfer the commuted value of the pension to the shared risk plan provision established under section 99.81.

99.9912(2)Subsections 36(4) and (5) apply with the necessary modifications to the exercise of the right to transfer the commuted value of the pension to the shared risk plan provision.

99.9912(3) A person who has not exercised any of the options referred to in subsection (1) within 90 days after receipt of notice of his or her rights shall be deemed to have required the administrator to transfer the commuted value of the pension to the shared risk plan provision.