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Newfoundland and Labrador
Pension Benefits Act Regulations
Under the authority of subsection 78(1) of the Pension Benefits Act, the Lieutenant-Governor in Council makes the following regulations.
Robert C. Thompson
1. Paragraph 41(4)(a) of the Pension Benefits Act Regulations is amended by
(a) striking out the date "
(b) striking out the date "
2. The regulations are amended by adding immediately after section 42.1 the following:
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 January 1, 2006 to December 31, 2008 in respect of the solvency deficiency of the plan as of December 31, 2005.
(2) Notwithstanding subsection (1), in the event of the termination of the plan, an amount that would have been payable under paragraph 12(3)(d) had the exemption not been given shall be paid by the participating employers to the fund.
3. These regulations shall be considered to have
come into force on
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