45. Every uninsured plan shall provide for the establishment and maintenance of a retirement fund.
All contributions of the employer and employees and any earnings or profits derived therefrom shall be paid into such fund.
It shall constitute a patrimony entrusted for administration to an employer, group of employers or retirement committee.
It shall be adequate to provide for the payment of all benefits under the plan, including refunds.
1965 (1st sess.), c. 25, s. 42.