Acts and Regulations

M-7.1 - Members’ Pension Act

Full text
Modification of vested or accrued benefits and allowances
29.11(1)Despite any other provision of this Act and subject to subsection (3), on and after July 1, 2014, all benefits, including annual adjustments made to those benefits in accordance with sections 14.1 to 14.3, that were earned, accrued or vested before September 23, 2014, may be revoked, suspended, increased or reduced by Treasury Board.
29.11(2)Despite any other provision of this Act and subject to subsection (3), on and after July 1, 2014, all supplementary allowances payable under Part III that were earned, accrued or vested before September 23, 2014, may be revoked, suspended, increased or reduced by Treasury Board.
29.11(3)Despite any other provision of this Act, on and after July 1, 2014, all minister’s pensions and all supplementary allowances payable under sections 23 and 23.1 that were earned, accrued or vested before the first appointment of members of Executive Council after September 22, 2014, may be revoked, suspended, increased or reduced by Treasury Board.
29.11(4)A supplementary allowance referred to in subsection (2) or (3) includes the following:
(a) an annual adjustment provided for in sections 29.01 to 29.03 and made in accordance with sections 14.1 to 14.3;
(b) a reduced supplementary allowance under Part III; and
(c) a shortfall payable in accordance with subsection 21.2(2).
29.11(5)Treasury Board may only exercise its authority under subsection (1), (2) or (3) in a manner and by an amount that is consistent with the manner in which and the amount by which the administrator of the public service shared risk plan revokes, suspends, increases or reduces base benefits or ancillary benefits under that plan.
2014, c.27, s.1; 2016, c.37, s.103
Modification of vested or accrued benefits and allowances
29.11(1)Despite any other provision of this Act and subject to subsection (3), on and after July 1, 2014, all benefits, including annual adjustments made to those benefits in accordance with sections 14.1 to 14.3, that were earned, accrued or vested before September 23, 2014, may be revoked, suspended, increased or reduced by Board of Management.
29.11(2)Despite any other provision of this Act and subject to subsection (3), on and after July 1, 2014, all supplementary allowances payable under Part III that were earned, accrued or vested before September 23, 2014, may be revoked, suspended, increased or reduced by Board of Management.
29.11(3)Despite any other provision of this Act, on and after July 1, 2014, all minister’s pensions and all supplementary allowances payable under sections 23 and 23.1 that were earned, accrued or vested before the first appointment of members of Executive Council after September 22, 2014, may be revoked, suspended, increased or reduced by Board of Management.
29.11(4)A supplementary allowance referred to in subsection (2) or (3) includes the following:
(a) an annual adjustment provided for in sections 29.01 to 29.03 and made in accordance with sections 14.1 to 14.3;
(b) a reduced supplementary allowance under Part III; and
(c) a shortfall payable in accordance with subsection 21.2(2).
29.11(5)Board of Management may only exercise its authority under subsection (1), (2) or (3) in a manner and by an amount that is consistent with the manner in which and the amount by which the administrator of the public service shared risk plan revokes, suspends, increases or reduces base benefits or ancillary benefits under that plan.
2014, c.27, s.1