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Newfoundland and Labrador
Regulation 2017


NEWFOUNDLAND AND LABRADOR REGULATION 106/17

 

 
NEWFOUNDLAND AND LABRADOR
REGULATION 106/17

Pension Benefits Act Regulations (Amendment)
under the
Pension Benefits Act, 1997
(O.C. 2017- 352)

(Filed December 11, 2017)

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

Dated at St. John’s, December 8, 2017.

Ann Marie Hann
Clerk of the Executive Council

REGULATIONS

Analysis


        1.   S.41 Amdt.
Application to public sector plans

NLR 114/96
as amended

        1. (1) Subsection 41(2) of the Pension Benefits Act Regulations is repealed and the following substituted:

             (2)  Notwithstanding subsection (1), the following provisions of the Act shall not apply to the Uniformed Services Pension Plan and Teachers' Pension Plan:

             (a)  subsection 20(1) with respect to void amendments;

             (b)  section 35 with respect to funding;

             (c)  section 39 with respect to the 50% rule;

             (d)  section 40 with respect to portability;

             (e)  section 41 with respect to pre-retirement death benefits;

             (f)  the 2 year period of time prescribed for required vesting under subsection 43(1); and

             (g)  paragraph 48(2)(a) with respect to marriage breakdown.

         (2.1)  Notwithstanding subsection (1), the following provisions of the Act shall not apply to the Members of the House of Assembly Pension Plan:

             (a)  subsection 20(1) with respect to void amendments;

             (b)  section 35 with respect to funding;

             (c)  section 39 with respect to the 50% rule;

             (d)  the 2 year period of time prescribed for required vesting under subsection 43(1); and

             (e)  section 29 with respect to early retirement for members elected for the first time on or after November 30, 2015.