Bill 18 — Fourth Session, 16Th Legislature, 2(L"Elizabeta. Dij the Legislative Assembly of Alberta Bill 18 An Act To Amend the M.L.A. Pension Act (Legislature 16, Session 4)

L16 S4 4857

Alberta — Bills

1971 Bill Fourth Session, 16th Legislature, 2(l"EliZabeta. dIJ THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL

An Act to amend The M.L.A. Pension Act HON. MR. AALBORG First Reading . . . . . . . . . . . . . . . . . . . . . . . . . . ..... Second Reading Third Reading Printed by L. S. Wall, Queen's Printer, Edmonton BILL 18

AN ACT TO AMEND THE M.L.A. P'EN'SION ACT (Assented to , 1971) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1. The M.L.A. Pension Act is hereby amended.

Section 9, subsection (4) is amended by adding the following words at the end thereof: and the amount of contributions made in respect of any years that exceed the first 20 years for which contribu tions have been credited shall be refunded to the member together with the interest credited on that amount

Section 17, subsection (4) is amended by striking out the word "not". 4. This Act comes into force on the day upon which it is assented to. Explanatory Notes I. This Bill amends

chapter of the Revised Statutes of Alberta 1970. 2.

Section 9 (4) presently reads:

(4) Where any person is, on April 1, 1970, a member I()f the Legislative Assembly and in receipt of a pension by virtue of having been a member of the Executive Com!cil, his pension shall after that date be calculated on the basis set out in

section 8, subsection (2). 3.

Section 17 (4) presently reads:

(4) Where a person was, at the time of his death, not eligible for a pension in respect of which he had been contributing under this Act, and where the beneficiary is his widow or her dependent widower, the beneficiary may elect to be paid in lieu of the payments under subsection (3) (

a) a pension of the same amount as would have been payable if the member immediately before his death had retired under

section 11, subsecUon (1), clause (

b) of The Public Service Pension Act and had been entitled to exercise and had exercised the option given of receiving a pension during the joint lives of himself and his wife and during the life I()f the survivor, Or (

b) a pension payable for life or for a term of years certain, which ever is the longer, that is an actuarial value equivalent to that 'of the pension provided for under clause (a). Title: 1971 (16th, 4th) Bill 18,

An Act to amend The M.L.A. Pension Act

Document details

Collection	Alberta — Bills
Citation	L16 S4 4857
Type	bill
Volume / chapter	L16 S4 4857
Language	en
Format	json
Source	PROVINCIAL
Identifier	6acb3362018f85a9033d293d803f2b7132f1382c

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