2006 BILL 59

	59


Third Session, 45th General Assembly 55 Elizabeth II, 2006
BILL 59
AN ACT TO AMEND THE MEMBERS OF THE HOUSE OF ASSEMBLY RETIRING ALLOWANCES ACT
Received and Read the First Time...................................................................................................
Second Reading.................................................................................................................................
Committee............................................................................................................................................
Third Reading.....................................................................................................................................
Royal Assent......................................................................................................................................
HONOURABLE LOYOLA SULLIVAN Minister of Finance and President of Treasury Board
Ordered to be printed by the Honourable House of Assembly

EXPLANATORY NOTE

This Bill would amend section 4 of the Members of the House of Assembly Retiring Allowances Act to provide that where a member of the House of Assembly retired on or before December 31, 2003, pension payments to that retired member and related benefits payable on or after January 1, 2004 will be paid out of the Members Supplementary Plan Account established in the Consolidated Revenue Fund. Allowances and other benefits payable to members retiring after December 31, 2003 would be allocated between the Registered Pension Plan and the Supplementary Plan in accordance with Parts III and IV of the Act.

A BILL

AN ACT TO AMEND THE MEMBERS OF THE HOUSE OF ASSEMBLY RETIRING ALLOWANCES ACT

Analysis

1. S.4 Amdt.
Application

2. Commencement

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

SNL2005 cM-6.1

1. Section 4 of the Members of the House of Assembly Retiring Allowances Act is amended by renumbering it as subsection 4(1) and by adding immediately after that subsection the following:

(2) Notwithstanding another provision of this Act or another Act, where a member retired on or before December 31, 2003 and is in receipt of an allowance under this Act, the allowance and related benefits under this Act payable on or after January 1, 2004 shall be paid from the Members Supplementary Plan Account established under section 17.

Commencement

2. This Act shall be considered to have come into force on December 31, 2003.