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Newfoundland and Labrador
Pension Benefits Act Regulations (Amendment)
(Filed December 10, 2013)
Under the authority of section 78 of the Pension Benefits Act, 1997, the Lieutenant-Governor in Council makes the following regulations.
1. Subsection 42.3(1) of the Pension Benefits Act Regulations is repealed and the following substituted:
Retirement plan exemption
42.3 (1) The Retirement Plan for Employees of the Town of Happy Valley-Goose Bay is exempt from the requirement of paragraph 12(3)(d) for the period of December 31, 2012 to December 31, 2015 in respect of the solvency deficiency of the plan.
2. These regulations are considered to have come into force on December 31, 2012.