Mr. Mark Schaan at the Industry, Science and Technology Committee

On June 10th, 2021. See this statement in context.

June 10th, 2021 / 12:40 p.m.

Associate Assistant Deputy Minister, Strategy and Innovation Policy Sector, Department of Industry

Yes.

A portion of contributions is actually required, based on the size of the plan, to be remitted to the pension benefit guarantee fund. It exists in the United States. It exists at the federal level. It exists in the United Kingdom and it exists in Ontario.

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