102.1 (1) This section applies with respect to the following pension plans: 1.  The pension plan known as the Stelco Inc. Retirement Plan for USW Local 8782 Members at Lake Erie Works, registered under this Act as number 0698761. 2.  The pension plan known as the Stelco Inc. Retirement Plan for Salaried Employees at Lake Erie Works, registered under this Act as number 0698753. 3.  The pension plan known as the Stelco Inc. Retirement Plan for USW Local 1005 Members at Hamilton Works, registered under this Act as number 0354878. 4.  The pension plan known as the Stelco Inc. Retirement Plan for Salaried Employees at Hamilton Works, registered under this Act as number 0338509. 5.  The pension plan known as the Stelco Inc. Retirement Plan for Employees at the Pickle Line Department of Lake Erie Works, registered under this Act as number 1206457. 2017, c. 8, Sched. 27, s. 18. Prescribed exemptions, section 55 (2) If the conditions set out in subsection (3) are met, the Lieutenant Governor in Council may make regulations, (a)  exempting a pension plan to which this section applies from subsection 55 (1); (b)  exempting Stelco Inc. or a successor employer from subsection 55 (2) in respect of a pension plan to which this section applies. 2017, c. 8, Sched. 27, s. 18. Conditions (3) The conditions referred to in subsection (2) are the following: 1.  Stelco Inc., the successor employer, if any, and the parties specified by regulation must have entered into an agreement related to, i.  the application of subsection 55 (1) to the pension plan, ii.  Stelco Inc.’s liability under subsection 55 (2), and iii.  the liability of the successor employer, if any, under subsection 55 (2). 2.  The Chief Executive Officer must have approved the agreement in accordance with subsection (4). 2017, c. 8, Sched. 27, s. 18; 2018, c. 8, Sched. 23, s. 23. Chief Executive Officer’s approval of agreement (4) The Chief Executive Officer may approve an agreement under this section if, (a)  after consulting with members, former members, retired members and other persons entitled to benefits under the pension plan, the Chief Executive Officer has taken into account their interests; and (b)  the agreement satisfies such conditions or restrictions as may be prescribed. 2017, c. 8, Sched. 27, s. 18; 2018, c. 8, Sched. 23, s. 23, 24. Decision to approve, etc. (5) A decision by the Chief Executive Officer under subsection (4) to approve or not to approve an agreement is final and is not subject to a hearing or an appeal. 2017, c. 8, Sched. 27, s. 18; 2018, c. 8, Sched. 23, s. 23. Prescribed exemptions, section 57 (6) The Lieutenant Governor in Council may make regulations exempting Stelco Inc. or a successor employer from subsection 57 (3), (4), (5) or (6), if, (a)  Stelco Inc., the successor employer, if any, and the parties specified by regulation have entered into an agreement related to the application of those provisions in respect of the contributions to the pension plan by Stelco Inc. or by the successor employer; and (b)  the Chief Executive Officer has approved the agreement in accordance with subsection (4). 2017, c. 8, Sched. 27, s. 18; 2018, c. 8, Sched. 23, s. 23. Non-application, five-year requirement for guaranteed payments (7) Paragraph 1 of section 85 does not apply with respect to a successor pension plan within the meaning of this section. 2017, c. 8, Sched. 27, s. 18. Regulations deeming two plans to be single plan (8) For the purpose of the application of the limitation described in paragraph 3 of section 85 on amounts guaranteed by the Guarantee Fund, the Lieutenant Governor in Council may make regulations deeming a pension plan to which this section applies and its successor pension plan to be one pension plan. 2017, c. 8, Sched. 27, s. 18. Same, allocation of amounts from Guarantee Fund (9) If a pension plan and its successor pension plan are deemed by a regulation made under subsection (8) to be one pension plan for the purpose of the application of the limitation described in paragraph 3 of section 85 on amounts guaranteed by the Guarantee Fund, the Lieutenant Governor in Council may make regulations respecting the allocation of amounts to be paid from the Guarantee Fund between the two pension plans. 2017, c. 8, Sched. 27, s. 18. Prescribed exemption, requirement to contribute to Guarantee Fund (10) If a pension plan and its successor pension plan are deemed by a regulation made under subsection (8) to be one pension plan, the Lieutenant Governor in Council may make regulations providing that Stelco Inc. or the successor employer, if any, is exempt from making contributions to the Guarantee Fund in relation to either the pension plan or the successor pension plan but not both. 2017, c. 8, Sched. 27, s. 18. Restrictions, etc. (11) A regulation under this section may be subject to prescribed limitations, conditions or restrictions. 2017, c. 8, Sched. 27, s. 18. Interpretation (12) For the purposes of this section, “successor employer” means a person who acquires the business of Stelco Inc., if the person assumes some or all of Stelco Inc.’s obligations and rights under a pension plan to which this section applies in connection with the acquired business; (“employeur subséquent”) “successor pension plan” means a pension plan that is established by Stelco Inc. or a successor employer, if any, to be a successor pension plan, as described in section 81, to a pension plan to which this section applies. (“régime de retraite subséquent”) 2017, c. 8, Sched. 27, s. 18. Section Amendments with date in force (d/m/y) 2017, c. 8, Sched. 27, s. 18 - 29/06/2017 2018, c. 8, Sched. 23, s. 23, 24 - 08/06/2019 CTS 07 DE 18 - 1