If the Minister makes a declaration under section 110E with retrospective effect:
(a) the amounts paid as productivity contributions in respect of an employee to whom the declaration relates in respect of the period covered by the declaration; and
(b) interest in respect of those amounts;
are payable, as soon as practicable after the declaration is made, to the fund out of which the productivity related benefits to which the employee is entitled as mentioned in subsection 110E(2) are payable.