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Volume 60, No. 3

51/2017

The British Columbia Gazette,

Part II

February 28, 2017

B.C. Reg. 51/2017 , deposited February 28, 2017, under the PUBLIC SERVICE BENEFIT PLAN ACT [section 6.1]. Regulation of Treasury Board, dated February 27, 2017.

Treasury Board orders that, effective April 1, 2017, the attached Long Term Disability

Fund Interest Regulation is made.

— M. DE JONG, Chair, Treasury Board .

LONG TERM DISABILITY FUND INTEREST REGULATION

Calculation of interest attributable to Long Term Disability Fund special account

1 For the purposes of

section 6.1 (3) (

f) of the Public Service Benefit Plan Act ,

(

a) interest attributable to the special account must be calculated in each fiscal

year of the government,

(

b) the balance on which the interest is calculated is the spending authority

available for the special account at the end of the preceding fiscal year as reported

in the public accounts, as defined in the Financial Administration Act , for that fiscal year, and

(

c) the interest rate is 6% per year.

Transitional rule – 2017/2018 fiscal year

2 Despite

section 1 (b), for the purpose of calculating interest attributable to the

special account in the fiscal year beginning on April 1, 2017, the balance on which

the interest is calculated is the closing balance referred to in

section 6.1 (3) (

a) of the Public Service Benefit Plan Act .

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