OIC Number: 2006 - 498

Date of Order: Nov 27, 2006

Statute: Pension Benefits Act

OIC Text: The Governor in Council on the report and recommendation of the Minister of Environment and Labour dated October 27, 2006, and pursuant to

Section 105 of

Chapter 340 of the Revised Statutes of Nova Scotia, 1989, the Pension Benefits Act, is pleased to amend the Pension Benefits Regulations, N.S. Reg. 164/2002, made by Order in Council 2002-607 dated December 20, 2002, to change the requirement for municipalities to fully fund solvency deficiencies over 5 years to a requirement to fund to 85% solvency over 5 years, for a 10-year period, and to make certain other housekeeping changes, in the manner set forth in

Schedule "A" attached to and forming part of the report and recommendation, effective on and after November 27, 2006.

Department(s): Environment and Labour