Bill 71 (Legislature 16, Session 2)

L16 S2 4638

Alberta — Bills

1969 Bill Second Session, 16th Legislature, 18 Eli'za.~0]] THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL

An Act to amend The Retirement Annuities Act THE PROVINCIAL TREASURER First Reading ............................. . Second Reading ............................ . Third Reading ............................. . Printed by L. S. Wall, Queen's Printer, Edmonton BILL

An Act to amend The Retirement Annuities Act (Assented to , 1969) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Retire1nent Annuities Act is hereby amended. 2.

Section is amended by striking out subsection (1) and by substituting the following: 19.

(1) The interest on the money withdrawn shall be forfeited by the purchaser, and the Provincial Treasurer shall transfer the same from the purchaser's annuity ac count and credit it to the revenue derived from the invest ments of the fund in that year, unless the Lieutenant Governor in Council orders that it be paid to the purchaser. 3. 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. 2

Section presently reads: 19.

(1) The interest on the money withdrawn shall be forfeited by the purchaser and the Provincial Treasurer shall transfer the same from the purchaser's annuity account and credit it to the revenue derived from the investments -of the fund in that year.

(2) For the purpose only of calculating the interest on money withdrawn, the moneys that were deposited last and that have been in the purchaser's annuity account for at least five years shall be deemed to be withdrawn first. Title: 1969 (16th, 2nd) Bill 71,

An Act to amend The Retirement Annuities Act

Document details

Collection	Alberta — Bills
Citation	L16 S2 4638
Type	bill
Volume / chapter	L16 S2 4638
Language	en
Format	json
Source	PROVINCIAL
Identifier	b2eead4f18294c7ee61395e3530784f4f05c8185

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