Acts and Regulations

M-7.1 - Members’ Pension Act

Section 3
Disposition versions

Full text
Election of member to be subject to the Act
3(1)A person who is a member on the commencement of this subsection may elect, within the time specified in paragraph (2)(b), to be subject to this Act.
3(2)An election under subsection (1)
(a) shall be made in writing and shall be signed by the member,
(b) shall be forwarded to the Minister so that the Minister receives it at least ten days before the polling day of the first general provincial election after the commencement of this paragraph,
(c) is not effective until the Minister receives the election and unless the Minister receives the election within the time specified in paragraph (b), and
(d) is irrevocable.
3(3)Where a member referred to in subsection (1) elects, in accordance with this section, to be subject to this Act,
(a) this Act applies to the member as of the date the election becomes effective and the Members Superannuation Act ceases to apply,
(b) the contributions made by the member to the Members Superannuation Account under the Members Superannuation Act shall be credited on behalf of the member to the Members’ Pension Account, and
(c) any period of pensionable service to the credit of the member under the Members Superannuation Act shall be added to the member’s pensionable service for the purposes of this Act.
Election of member to be subject to the Act
3(1)A person who is a member on the commencement of this subsection may elect, within the time specified in paragraph (2)(b), to be subject to this Act.
3(2)An election under subsection (1)
(a) shall be made in writing and shall be signed by the member,
(b) shall be forwarded to the Minister so that the Minister receives it at least ten days before the polling day of the first general provincial election after the commencement of this paragraph,
(c) is not effective until the Minister receives the election and unless the Minister receives the election within the time specified in paragraph (b), and
(d) is irrevocable.
3(3)Where a member referred to in subsection (1) elects, in accordance with this section, to be subject to this Act,
(a) this Act applies to the member as of the date the election becomes effective and the Members Superannuation Act ceases to apply,
(b) the contributions made by the member to the Members Superannuation Account under the Members Superannuation Act shall be credited on behalf of the member to the Members’ Pension Account, and
(c) any period of pensionable service to the credit of the member under the Members Superannuation Act shall be added to the member’s pensionable service for the purposes of this Act.