Contributions
  13. (1) The employer, or a person or entity required to make contributions under the plans on behalf of the employer, shall make a total initial contribution of $4 billion to the Hourly Plan and the Salaried Plan no later than September 2, 2009, of which $3.280 billion is to be paid to the pension fund of the Hourly Plan and $720 million to the pension fund of the Salaried Plan.  O. Reg. 321/09, s. 13 (1). (2) Subject to subsection (8), the employer, or a person or entity required to make contributions under the plans on behalf of the employer, shall make five annual contributions of $200 million each, payable by way of equal monthly instalments of $16,666,666.67, to be divided between the plans in accordance with subsections (4), (5), (6) and (7).  Each monthly instalment payment must be made on or before the last business day of the month to which it relates, with the first monthly instalment being due and payable on or before the last business day of September, 2009.  O. Reg. 321/09, s. 13 (2). (3) Neither the employer nor a person or entity required to make contributions under the plans on behalf of the employer shall be required to contribute any amount or make any special payment to the plans before September 1, 2014 in excess of the initial contribution of $4 billion described in subsection (1), the five annual contributions of $200 million described in subsection (2), any special payments required under section 10 and any lump sum special payments required under section 11.  O. Reg. 321/09, s. 13 (3). (4) During the period beginning September 1, 2009 and ending at the end of the month in which the initial report under section 7 is filed, the monthly instalment payments required under subsection (2) are to be divided between the plans as follows: 1. $13,666,666.67 is to be paid to the pension fund of the Hourly Plan. 2. $3,000,000 is to be paid to the pension fund of the Salaried Plan.  O. Reg. 321/09, s. 13 (4). (5) During the period beginning on the first day of the month after the month in which the initial report under section 7 is filed and ending at the end of the month in which the last payment on account of the five annual contributions has been made, the amount of each monthly instalment payment to be paid to a plan is calculated using the formula, $16,666,666.67 × A/B in which, “A” is the amount of the initial solvency deficiency or the adjusted solvency deficiency of the plan, as the case may be, determined in the most recently filed report required under this Regulation, and “B” is the sum of the amounts of the initial solvency deficiency or the adjusted solvency deficiency of each plan, as the case may be, determined in the most recently filed reports of the plans required under this Regulation. O. Reg. 321/09, s. 13 (5). (6) If the amount of “A” in subsection (5) is zero or a negative amount for one plan but not for the other plan, the total monthly instalment payment is to be made to the plan with the initial solvency deficiency or adjusted solvency deficiency.  O. Reg. 321/09, s. 13 (6). (7) If the amount of “A” in subsection (5) is zero or a negative amount for both plans, the amount of each monthly instalment to be paid to a plan is calculated using the formula, $16,666,666.67 × C/D in which, “C” is the amount of the normal cost of the plan, as determined in the report most recently filed under this Regulation, and “D” is the sum of the normal cost of each plan, as determined in the report of each plan most recently filed under this Regulation. O. Reg. 321/09, s. 13 (7). (8) Neither the employer nor a person or entity required to make contributions under a plan on behalf of the employer, is required to pay any amount under subsection (2) to the pension fund of the plan that would not be an “eligible contribution” for the purposes of the Income Tax Act
(Canada).  O. Reg. 321/09, s. 13 (8).