Bill 93 (Legislature 11, Session 1)

L11 S1 7215

Alberta — Bills

Bill Noo 93 of 19490

An Act to amend The Public Service Pension Act NOr:r.~. This Bill amends The Public Service Pension Act, being

chapter 7 of the Statutes of Alberta, 1947

Section 2 (

c) which defines employee is amended by restricting the definition to those persons who are eligible to make contributions to the Pension Fund At present if an employee dies while in the service of the Government fifteen hundred dollars is paid to his beneficiary irrespective of whether the employee was contributing to the Pension Fund or not pursuant to the provisions of

section l4a of the Act The effect of the amendment is that the fifteen hundred dollars will now only be paid to the beneficjaries of those employees who were eligible to contribute to the Pension Fund and who died while in the service of the Government

Section 2 (

e) which defines salary is amended to refer to rate of salary rather than amount of salFLry The effect of the amendment is that contributions will be made by emp10yees to the Pension FUnd based on their rate of salary rather than on the actual amount of salary which the} receive Thus, persons on sick leave or leave of absence who are receiv lng less than their norma] rate of sa.leTY will still continue to contribute to the Pension Fund as if they were re~e:' vicg their full salary The rate of salary will, of course, also be used in computing the pension to which an employee is en ti tIed rather than using the actual amount of salary received Thus, a person

- 2 - who is ill during the period when his rate of salary is the highest will have that rate used for the purpose of computing his pension even though he actually receiving an amount of salary less than his rate of salary.

Section 13 is amended, The "effect of the amendment is that an employee who resigns or is dismissed and who has contributed to the Pension Fund for less than five years will receive his contributions to the Fund back but will not receive any interest. If he has contributed to the Fund for more than five years he will get back his contributions plus interest. He will receive back all of his contribut ions to the Fund irrespective of how long he has workedo

Section 23 is amended to add a reference to the employer of a teacher within the meaning of The Teachers' Retirement Fund Act, The purpose of the amendment is to permit a reciprocal agreement between the Public Service Pension Fund and the Teachers' Retirement Fund so that when an employee is transferred from one service to the other his penSionable service may be recognized and his pension fund contributions transferred. KENNETH A. McK~~ZIE, Acting Legislative Counsel. (This note does not form any part of the Bill but is offered in explanation of its provisions.)

3 BILL No 93 of 1949

An Act to amend The Public Service Pension Act (Assented to , 1949 HIS MAJESTY, by and with the advice and consent of the Legis lative Assembly of the Province of Alberta, enacts as follows: 1 The Public Service Pension Act, being

chapter 7 of the Statutes of Alberta, 1947, is hereby am~nded as to

section 2, (

a) by adding immediately at the end of paragraph (

c) the words "and who is eligible to make contributions to the Pension Fund"; (

b) by striking ou t the word "amount", where the same occurs in paragraph (

e) and by substituting the word "rate" 2- The said Act is further amended as to

section 13, (

a) by striking out the word "three", where the s&me occurs therein, and by substi tu ting the word "five"; (

b) by striking out the word "payment" vrhere the same occurs therein and by substituting the word "interest", 3 The said Act is further amended as to

section 23 by adding immediately after the words "Alberta Government Telephones", where they occur therein the words "the employer of a teacher within the meaning of The Teachers! Retirement Fund Act," 4 This Act shall COIDe into force on the day upon which it is assented to, crld upon so coming into force shall be deened to have been in force at all times on ~nd after the first day of April, 1948, with the exception of paragraph (

a) of

section 1 which shall be deemed to have been in force at all times on and day of April, 1947.

No. 93 FIRST SESSION ELEVENTH LEGISLATURE 13 GEORGE VI 1949 B ILL

An Act to amend The Public Service Pension Act' ----------------------- Received and read the First time> ... ~ .......... ~~n Second time 0 0 • ~ ... ~ • 0 •••• 0 •• 0 Third time" ... 0 0 • 0 •••••••••• Hon" Mr Hooke. -=-======-===========--====-A. -==== Title: 1949 (11th, 1st) Bill 93,

An Act to amend The Public Service Pension Act

Document details

Collection	Alberta — Bills
Citation	L11 S1 7215
Type	bill
Volume / chapter	L11 S1 7215
Language	en
Format	json
Source	PROVINCIAL
Identifier	4569bb0630d6b816c22dabd6faf065f552faef1a

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