Pilotage Act

Marginal note:Part 19 of the Canada Not-for-profit Corporations Act

• 55 (1) The CPHQ is deemed to be a corporation to which Part 19 of the Canada Not-for-profit Corporations Act applies.

• Marginal note:Management of fund

  (2) Notwithstanding the provisions of any Act relating to the CPHQ, the CPHQ has, and is deemed to have had at all times, the powers necessary for the administration of the pension plan on behalf of the CPBSL, including the power to

  • (a) determine and receive the amounts payable into the fund by the CPBSL for the purpose of sustaining the fund;

  • (b) manage and invest moneys paid into the fund;

  • (c) determine the persons eligible to receive benefits from the fund, the amount they are to receive as benefits, when the payments of the benefits are to commence and the frequency of the payments; and

  • (d) pay from the fund the benefits so determined and any amounts required for the management of the fund.