Bill 128 (Legislature 14, Session 1)

L14 S1 6017

Alberta — Bills

No. 128 1st Session, 14th Legislature, Alberta 8 Elizabeth II BILL 128 A Bill to amend The Public S~rvice Pension Act HON. MR. HOOKE PrInted by L. S. WALL, Printer to the Queen's Most Excellent Majesty, Edmonton, Alberta, 1960

Explanatory No,t.

Section 25 reads: "25.

(1) Where an employee dies WihUe in the service of the Govern ment or the Legisla"tive Assembly, the amount standing to the credit of his account in the records of the Board shaH be paid to his bene ficiary.

(2) The amount payable under this

section may be paid in a lump eum, or in such instalments as the Board may direct.

(3) Where a deceased employee's beneficiary is his widow or his dependent child or ohildren under the age of eighteen years, the beneficiary is also entitled to receive a further sum equal to the amount. standing to the credit of the employee's account.

(4) Where the service of an employee at the date of his death has not been less than ten years and where his benficiary is his widow, his widow may with the approval of the Board be paid, in lieu of the payments under subsection (3), a pension of the same amount as would have been payable if the emp~oyee immediately before his death had retired under the provisions of clause (

b) of subsection (1) of

section 11 and had been entitled to exercise and had exercised the option given under

section 20 of receiving a pension during the joint lives of himself and his wife and during the life of the survivor.".

Section 40 reads: "40. When a person has served on the Executive Councll for a total period of at least ten years, whether conmnuously or otherwtse, he is entitled upon ceasing to be a member of the Executive Council to receive (

a) if his age is then sixty-five, a normal pension within the mean ing of

section 19, or, at hi-s option, an alternative pension within the meaning of

section 20, or (

b) if his age is then more or less thansiXity-five a pension that Is the actuarial equivalent at his age on ceasing to be a member of the Exeoutive Council of the pension that would be paid to him under clause (a), were his age tben sixty-five as deter mined by the actuarial ta.bles which may be approved by the Board for the purpose.".

Section 41, subsection (1) reads: "41.

(1) When a person ceases to be a member of the Executive Council after he has served thereon fur a period of five years or more but less than ten years, the amount standing to his credit in the General Revenue Fund, ineluding the accrued interest credited on his contributions under this Act, shaH be paid to him.". With the change to

section 40, this subsection becomes inapplicable and subsection (12) applies. Subsection (2) reads: "

(2) When a person ceases to be a member of the Executive Council after he has served thereon for a period of less than five years, the amount standing to his credit in the General Revenue Fund, less the accrued interest credited on his contributions under this Aot, sball be paid to him.".

BILL No. 128 of 1960

An Act to amend The Public Service Pension Act (Assented to , 1960) .HER MAJ~STy, by and with the advice and consent of the LegIslatIve Assembly of the Province of Alberta, enacts as follows: 1.. The Public Service Pension Act, being

chapter 264 of the Revised Statutes, is hereby amended.

Section 25, subsection (4) is amended by adding im mediately after the words "ten years" the words "or in the case of a member of the Executive Council, not less than five years".

Section 40 is amended by striking out the word "ten" and by substituting the word "five".

Section 41 is amended by striking out subsection (1). 5. This Act comes into force on the day upon which it is assented to.

No. 128 FIRST SESSION FOURTEENTH LEGISLATURE 8 ELIZABETH II 1960 BILL

An Act to amend The Public Service Pension Act Received and read the First time ........................................ .. Second time. Third time ......................................... . HON. MR. HOOKE Title: 1960 (14th, 1st) Bill 128,

An Act to amend The Public Service Pension Act

Document details

Collection	Alberta — Bills
Citation	L14 S1 6017
Type	bill
Volume / chapter	L14 S1 6017
Language	en
Format	json
Source	PROVINCIAL
Identifier	360cf9b30e82c3d98d8568d676a969d16a338116

Source file is stored in the law ingest library (json).