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First
Session, 46th General Assembly 57
Elizabeth II, 2008 |
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AN ACT TO AMEND THE
PENSION BENEFITS ACT, 1997 |
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Received and Read the First Time................................................................................................... |
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Second |
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Committee............................................................................................................................................ |
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Third |
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Royal Assent...................................................................................................................................... |
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HONOURABLE
KEVIN O'BRIEN Minister of Government Services |
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Ordered
to be printed by the Honourable House of Assembly |
EXPLANATORY NOTE This Bill would amend the Pension Benefits Act, 1997 to require a pension plan sponsor to fully fund a solvency deficiency on the wind-up of the plan. |
A BILL AN ACT TO AMEND THE PENSION Analysis 1.
S.61 Amdt. Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: SNL1996 cP-4.01 as amended 1. Section 61 of the Pension Benefits Act, 1997 is amended by renumbering it as subsection 61(1) and by adding immediately after that subsection the following: (2) Where, on the termination, after ŠEarl G. Tucker, Queen's Printer |