25.1(1)Persons who, immediately before the execution and delivery in February, 1997, of a collective agreement under subsection 37(2) of the Industrial Relations Act, were
(a)
employees of Saint John Shipbuilding Limited,
(b)
members of
(i)
the Industrial Union of Marine and Shipbuilding Workers of Canada, Local 3,
(ii)
the United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry of the United States and Canada, Local 213,
(iii)
the International Brotherhood of Electrical Workers, Local 2282,
(iv)
the United Brotherhood of Carpenters and Joiners of America, Local 840, or
(v)
the Saint John Marine Craft Union,
(c)
members of the defined contribution plan known as the Saint John Shipbuilding Limited - Hourly Employees Group Retirement Savings Program, and
(d)
on indefinite lay-off,
are a class of employees that is exempt from the application of subsection 56(1) of the Act.
25.1(2)The exemption in subsection (1) is subject to the condition that withdrawals of contributions and interest from the pension fund are
(a)
by employees who have less than six thousand dollars in the portion of their individual accounts that is attributable to employer contributions and who are on lay-off at the time the application for withdrawal is made, or
(b)
by employees who are classified as labour or auxiliary workers, and who voluntarily terminate their employment relationship.
25.1(3)The exemption in subsection (1) expires on December 31, 1999.
25.1(1)Persons who, immediately before the execution and delivery in February, 1997, of a collective agreement under subsection 37(2) of the Industrial Relations Act, were
(a)
employees of Saint John Shipbuilding Limited,
(b)
members of
(i)
the Industrial Union of Marine and Shipbuilding Workers of Canada, Local 3,
(ii)
the United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry of the United States and Canada, Local 213,
(iii)
the International Brotherhood of Electrical Workers, Local 2282,
(iv)
the United Brotherhood of Carpenters and Joiners of America, Local 840, or
(v)
the Saint John Marine Craft Union,
(c)
members of the defined contribution plan known as the Saint John Shipbuilding Limited - Hourly Employees Group Retirement Savings Program, and
(d)
on indefinite lay-off,
are a class of employees that is exempt from the application of subsection 56(1) of the Act.
25.1(2)The exemption in subsection (1) is subject to the condition that withdrawals of contributions and interest from the pension fund are
(a)
by employees who have less than six thousand dollars in the portion of their individual accounts that is attributable to employer contributions and who are on lay-off at the time the application for withdrawal is made, or
(b)
by employees who are classified as labour or auxiliary workers, and who voluntarily terminate their employment relationship.
25.1(3)The exemption in subsection (1) expires on December 31, 1999.