6

 


Second Session, 46th General Assembly

58 Elizabeth II, 2009

BILL 6

AN ACT TO AMEND THE PENSIONS FUNDING ACT

Received and Read the First Time...................................................................................................

Second Reading.................................................................................................................................

Committee............................................................................................................................................

Third Reading.....................................................................................................................................

Royal Assent......................................................................................................................................

HONOURABLE JEROME P. KENNEDY, Q.C.

Minister of Finance and President of Treasury Board

Ordered to be printed by the Honourable House of Assembly

 

 

EXPLANATORY NOTES

This Bill would amend section 13 of the Pensions Funding Act to remove the requirement that the annual financial statements of the Province of Newfoundland and Labrador Pooled Pension Fund be submitted to the Lieutenant-Governor in Council.  The requirements for tabling the audited financial statements under the Transparency and Accountability Act will continue to apply.

A BILL

AN ACT TO AMEND THE PENSIONS
FUNDING ACT

Analysis


        1.   S.13 Amdt.
Report and audit of fund


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

RSNL1990 cP-6
as amended

        1. (1) Subsection 13(1) of the Pensions Funding Act is repealed.

             (2)  Subsection 13(2) of the Act is amended by striking out the words "submitted under subsection (1) and there shall be attached" and substituting the words "of the fund and attach".

             (3)  Subsection 13(3) of the Act is repealed.

             (4)  Subsection 13(4) of the Act is amended by striking out the words "submitted under subsection (1)" and substituting the words "of the fund".