Bill 40 (Legislature 13, Session 3)

L13 S3 6277

Alberta — Bills

No. 40 3rd Session, 13th Legislature Alberta 5 Elizabeth II, 1957' BILL 40 A Bill to amend The Teachers' Retirement Fund Act HON. MR. AALBORG EDMONTON, ALBERTA Printed by A. SHNITKA, Printer to the Queen's Most Excellent Majesty 1957

Explanatory Note 2,.

Section 16 (1) as amended by 1956, c. 52, s. 12, reads: "16.

(1) All pension payments that are paid by the Board of Admin istrators from the Fund and in accordance with this Act and the regulations and the by-laws of the Board of Administrators and that are paid for any month on or after the first day of April, 1956, shall he repaid to the Board of Administrators by the Provincial Treasurer to the following extent: "(

a) pension payments to persons who first became entitled to pen sions before the first day of April, 1948, shall be repaid in full; "(

b) pension payments to persons who first became entitled to pen sions on or after the first day of April, 1948, shall, to the extent that they represent pensionable service before the first day of April, 1939, be repaid in full, and to the extent that they represent pensionable service on or after the first day of April, 1939, be repaid in half the amount." Although the Act came into effect in April, 1939, teachers did not begin contributions until September of that year. The amendment is intended to correct this error in referring to dates.

BILL No. 40 of 1957

An Act to amend The Teachers' Retirement Fund Act (Assented to , 1957) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Teachers' Retirement Fund Act, being

chapter 330 of the Revised Statutes of Alberta, 1955, is hereby amended.

Section 16, subsection (1) is amended by striking out the words "April, 1939" where they appear in clause (

b) and by substituting the words "September, 1939". 3. This Act comes into force on the day upon which the Revised Statutes of Alberta, 1955, come into force.

THIRD SESSION THIRTEENTH LEGISLATURE 5 ELIZABETH II 1957 BILL

An Act to amend The Teachers' Retirement Fund Act Received and read the First time ......................................... . Second time ....... . Third time ................ . HON. MR. AALBORG Title: 1957 (13th, 3rd) Bill 40,

An Act to amend The Teachers' Retirement Fund Act

Document details

Collection	Alberta — Bills
Citation	L13 S3 6277
Type	bill
Volume / chapter	L13 S3 6277
Language	en
Format	json
Source	PROVINCIAL
Identifier	8176c3b1d8ecdf8c0274cf2484ed00c15e79d8d2

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