Pension Plan Administrators
Defined Benefit Plans - Funding
The process by which The Pension Benefits Act, 1992 ensures the orderly funding of defined benefit plans is described in various sections of the legislation, but can be summarized as follows:
A "defined benefit provision" means a provision of a plan pursuant to which benefits are determined in any way other than solely by reference to what is provided by contributions made by or for the credit of a member together with interest. A "defined benefit plan" means a plan that contains a defined benefit provision.