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Newfoundland and Labrador
Regulation 2017


NEWFOUNDLAND AND LABRADOR REGULATION 91/17

 

 
NEWFOUNDLAND AND LABRADOR
REGULATION 91/17

Pension Benefits Act Regulations (Amendment)
under the
Pensions Benefits Act, 1997
(O.C. 2017-313)

(Filed October 18, 2017)

Under the authority of section 78 of the Pensions Benefits Act, 1997, the Lieutenant-Governor in Council makes the following regulations.

Dated at St. John’s, October 18, 2017.

Ann Marie Hann
Clerk of the Executive Council

REGULATIONS

Analysis


        1.   S.42.2 Amdt.

              Municipalities pension plan exemption

        2.   Commencement


NLR 114/96
as amended

        1. Subsection 42.2(1) of the Pension Benefits Act Regulations is repealed and the following substituted:

Municipalities pension plan exemption

   42.2 (1) The Newfoundland and Labrador Municipal Employees Benefits Inc. Pension Plan shall be exempt from the requirement of paragraph 12(3)(d) for the period December 31, 2015 to December 31, 2020 in respect of the solvency deficiency of the plan.

Commencement

        2. These regulations are considered to have come into force on December 31, 2015.