Bill 45 — Fifth Session, 15Th Legislature, 15 Elizabeth Ii the Legislative Assembly Of'~A'L"Berta' Bill 4S An Act To Amend the Public Service Pension Act Honourable (Legislature 15, Session 5)

L15 S5 1246

Alberta — Bills

1967 Bill 45 Fifth Session, 15th Legislature, 15 Elizabeth II THE LEGISLATIVE ASSEMBLY OF'~A'L"BERTA' BILL 4S

An Act to amend The Public Service Pension Act HONOURABLE MR. HOOKE First Reading ............................................................ . Second Reading ....................................................... . Third Reading .................................. . .... . Printed by L. S. Wall, Queen's Printer, Edmonton

BILL 45 1967

An Act to amend The Public Service Pension Act (Assented to , 1967) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Public Service Pension Act is hereby amended.

Section 12 is amended by striking out the words "after attaining the age of sixty-five and".

Section 13, subsection (1) is amended by adding after the words "Government or the Legislative Assembly," the words "if he is eligible to make further contributions pur suant to

section 5,".

Section 14, subsection (1), clause (g), subclause (ii) is amended by striking out the words Uten per cent of" and by substituting the words "the employee and employer con tributions on".

Section 19 is amended (

a) as to subsection (1) by adding after the words "retirement shall be" the word "an", (

b) by adding the following subsection after subsection (1) : (la) Notwithstanding subsection (1), if dur ing any part of the five consecutive years referred to therein in respect of which contributions were required to be made under

section 5, the employee (

a) earned an annual salary in excess of $16,000, but (

b) did not make contributions under this Act with respect to any portion of his salary that ex ceeded $16,000, then for the purposes of subsection (1), his salary shall be taken to be the amount on which he made contributions and not an amount of his actual salary, but any such person may, at his option and

Explanatory Notes I. This Bill amends

chapter 264 of the Revised Statutes.

Section 12 presently reads: 12. Aperspn re?eiving a pension under this Act may, after attaining the age of slxty-flVe and wIthout forfeiture of pension payments, be re em~loyed by. the Government or .the Legislative Assembly for such penod or perlOds as may be prescnbed 'by the Lieutenant Governor in Council. 3.

Section 13 (1) presently reads: 13.

(1) Where a person has retired on pension under this Act .before the retirement age of sixty-five and is re-employed by the Government o~ the Legislative Assembly, the payment of any pension received by him pursuant to

section 16, in respect of his prior service, shall be suspended until he again ceases to be employed. 4.

Section 14 (1) (g) (ii) presently reads: 14.

(1) For the purposes of this Act, pensionable service shall be deemed to include (

g) any period of service with any public body or local authority which is a party to a reciprocal agreement pursuant to

section 32, in the case of a person who is not eligible to come under such agreement, (

i) if the period between the employment with such body or local authority and the employment with the Government or the Legislative Assembly was not greater than six months, except in a case where circumstances in the opinion of the Board warrant an extension of such period, and (ii) if he pays in such manner and on such terms as the Board may direct an amount equal to ten per cent of the annual salary paid to him by such body or local authority together with interest on such amount from the date of the com mencement of contributions on his prior service to the date of completion of such payment in full, and 5. !Section 19 (1) presently reads: 19.

(1) The normal pension payable to an employee upon his retire ment shall be annual amount equal to two per cent of whichever is the lesser of (

a) his average annual sal~ry for. the ~ive consecutive yea!'s of his pensionable service durmg which hiS salary was the highest to a maximum of eighteen thousand dollars for each year, or fjb) eighteen thousand dollars, multiplied by the total number of years of his pensionable service computed to -the nearest complete month thereof, or by thirty-five, whichever number is the less.

in such manner as the Board may by regulation pre scribe, make contributions on the difference be tween $16,000 and his actual salary for the period in question up to a maximum of $18,000, and is thereupon entitled to a pension calculated in accord ance with subsection (1).

Section 23a is amended by adding the following sub

section after subsection (5) : (5a) Where a former employee is entitled to a deferred pension and becomes mentally or physically disabled for gainful employment, he may apply for an immediate pen sion. 7. This Act comes into force on the day upon which it is assen ted to. 2

6. Under

section 23a an employee who leaves ,the Public Service before retirement may elect to receive a deferred pension after he reaches .age 60. 2 Title: 1967 (15th, 5th) Bill 45,

An Act to amend The Public Service Pension Act

Document details

Collection	Alberta — Bills
Citation	L15 S5 1246
Type	bill
Volume / chapter	L15 S5 1246
Language	en
Format	json
Source	PROVINCIAL
Identifier	b234651d1c18777c9f53044dec73318b3515aa66

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