149. Until its registration, a pension plan which is effective and for which a pension committee has yet to be formed shall be administered by the employer.
The employer shall, for the administration of the pension plan, have the powers, obligations and liability of a pension committee.
In the case of a target benefit plan, the pension plan shall be administered by the person or body who establishes the plan.
1989, c. 38, s. 149; 2020, c. 30, s. 621.