Acts and Regulations

M-7.1 - Members’ Pension Act

Section 2.01
Disposition versions

Full text
Integration with public service shared risk plan
2.01(1)Service earned by a member after September 22, 2014, shall not be credited to the member for the purpose of calculating pensionable service to determine the following amounts:
(a) the amount of an annual pension that the member is entitled to under this Act; and
(b) the amount of a supplementary allowance, other than a supplementary allowance payable under section 23.1, that the member is entitled to under this Act.
2.01(2)Service earned by a minister on or after the first appointment of members of the Executive Council after September 22, 2014, shall not be credited to the minister for the purpose of calculating pensionable service to determine the following amounts:
(a) the amount of a minister’s pension that the minister is entitled to under this Act; and
(b) the amount of a supplementary allowance that the minister is entitled to under section 23.1.
2.01(3)Despite subsection (1), service earned by a member after September 22, 2014, shall be included for the purpose of determining if a member has to his or her credit eight or more sessions of pensionable service and is entitled to receive an annual pension or a supplementary allowance under this Act.
2.01(4)For the purposes of subsection (3), for each year of pensionable service that a member earns under the public service shared risk plan, the member is deemed to have earned one session of pensionable service.
2014, c.27, s.1