Statutes of Newfoundland 1994 Chapter 30

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Statutes of Newfoundland 1994

CHAPTER 30 CHAPTER 30

AN ACT TO AMEND NEWFOUNDLAND AND LABRADOR COMPUTER SERVICES LIMITED AMENDMENT ACT
(Assented to December 16, 1994)

Analysis

1. S.4 Amdt.
1994 c11

2. S.4.1 added
Employee at date of sale

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

1994 c11

1. Section 4 of the Newfoundland and Labrador Computer Services Limited Amendment Act is amended by changing the date that the section comes into force to December 31, 1994.

2. The Act is amended by adding the following immediately after section 4:

Employee at date of sale

4.1 (1) Notwithstanding paragraphs 18(1)(c) and (2)(c) of the Pensions Benefits Act a person who is an employee of Newfoundland and Labrador Computer Services Limited at the date of the sale of the issued and outstanding shares of Newfoundland and Labrador Computer Services Limited shall not be entitled to withdraw his or her contributions, except voluntary contributions, from the Public Service Pension Plan or the Government Money Purchase Pension Plan, as a result of the sale.

(2) Subsection (1) shall be considered to have come into force on October 13, 1994.