British Columbia Order in Council — Order under Workers Compensation Approval is given to the Workers' Compensation Board to amend the Workers Compensation Board Superannuation Plan (O.C. 878/2001)

O.C. 878/2001

British Columbia — Orders in Council

878 , Approved and Ordered SEP 2. 2001 utenant Governor Presidin ber of e Executive Council PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Council Number Executive Council Chambers, Victoria On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that approval is given to the Workers' Compensation Board to amend the Workers' Compensation Board Superannuation Plan as set out in the attached resolution of the board. Minister of Skills Development and Labour (This

part is for administrative purposes only and is not part of the Older) Authority under which Order is made: Act and section: Workers ' Compensation Act, R.S.B.C. 1996, c.492,

section 86 (3) Other (specify): o.c. 793/98 July 12, 2001 .6(..3 /01 /37/mgm WORKERS' COMPENSATION BOARD 2=1.11,; PANEL OF ADMINISTRATORS Maureen Nicholls, Chair Margaret Arthurfc fitAnttol Heyman Eric Mitterndorf6r Virattp0ACtS m erm a n n 2001/03/20-01 14&I 2c4 A II: 45 THE WORKERS' COMPENSATION BOARD OF BRASH COLUMBIA RESOLUTION OF THE PANEL OF ADMINISTRATORS Re: Superannuation Fund

WHEREAS: Pursuant to

Section of the Workers Compensation Act, RSBC 1996,

Chapter and amendments thereto (the "Act") the Panel of Administrators (the "Panel") must approve and superintend the policies and direction of the Workers' Compensation Board (the "Board") and must: 82(a)(ii) review and approve operating policies of the Board; 82(a)(

v) approve major programs and expenditures; AND

WHEREAS: Pursuant to

Section 86(3) of the Act, the Board, subject to the approval of the Lieutenant Governor in Council, may establish and maintain a fund, to be known as the superannuation fund, for the payment of superannuation allowances to its employees or of allowances on the disability or death of its employees; AND

WHEREAS:

Section N.8 of the superannuation plan provides that the Board may, subject to the approval of the Lieutenant Governor in Council, amend, add to, or delete any provisions of the plan; THE PANEL OF ADMINISTRATORS RESOLVES THAT: Subject to the approval of the Lieutenant Governor in Council, the Workers' Compensation Board Superannuation Plan shall be amended as follows: Location: Telephone 604 279-7594 Westminster Highway Toll Free 1 800 661-2112 Richmond BC V7C Fax 604 279-7492 Mailing Address: PO Box Vancouver BC V6B 5L5 WORKERS COMPENSATION BOARD ?c...int' 1. In

Section B.

DEFINITIONS (

a) by deleting the definition of "Commissioner", (

b) by adding the following definition: "Pension Corporation" means the British Columbia Pension Corporation, a corporation created by the Public Sector Pension Plans Act, S.B.C. 1999, c.44, and appointed pursuant to

Section N as the plan administrative agent.", and (

c) in the definition of "highest average salary", by striking out "him" and substituting 'Me Pension Corporation". 2. In

Section E. TRUSTEES in subsection (1)(

c) by striking out 'The Commissioner or the Commissioner's nominee." and substituting ", subject to the approval of the board, nominated jointly by the two Trustees referred to in (

a) and (b)." 3. By striking out the word "Commissioner" wherever it appears and substituting "Pension Corporation". DATED at Richmond, British Columbia, March 20, 2001 By the Workers' Compensation Board A ltouLp a.. MAUREEN NICH E LS, CHAIR PANEL OF ADMINI RATORS

Document details

Collection	British Columbia — Orders in Council
Citation	O.C. 878/2001
Type	order_in_council
Volume / chapter	arc oic 0878 2001
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	44427cbae55bc4e0b07d499a04750a065dac5257

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