Acts and Regulations

M-7.1 - Members’ Pension Act

Section 5
Disposition versions

Full text
Contribution of members to the Members’ Pension Account
5(1)A member shall contribute to the Members’ Pension Account an amount equal to the lesser of
(a) the amount of the annual maximum deductible contributions to a registered pension plan, as that amount is established under the Income Tax Act (Canada), and
(b) 9% of the member’s indemnity, and if the member is a minister, 9% of the minister’s salary.
5(1.1)Subject to subsection (3), a member shall continue to contribute to the Members’ Pension Account in accordance with subsection (1) even if the member has reached the total of the amount of the annual pension and the amount of the supplementary allowance or the reduced supplementary allowance established under section 10.1.
5(1.2)Subject to subsection (3), a minister shall continue to contribute to the Members’ Pension Account in accordance with subsection (1) even if the minister has reached the total of the amount of the minister’s pension and the amount of the supplementary allowance or the reduced supplementary allowance established under section 11.1.
5(2)A member who receives only a portion of an indemnity under the Legislative Assembly Act shall be deemed, for the purposes of this Act, to have received the entire indemnity for the session to which the indemnity relates, and shall contribute under subsection (1) the amount the member would be required to contribute if he or she had received the entire indemnity.
5(2.1)For the purposes of subsection (2), the period of time for which the portion of the indemnity was paid must be a qualifying period in accordance with paragraph 8507(3)(a) of the Income Tax Regulations under the Income Tax Act (Canada).
5(3)Despite subsection (1), a member shall not continue to contribute to the Members’ Pension Account or acquire pensionable service after the last day of the year in which the member attains the age prescribed in subparagraph 8502(e)(i) of the Income Tax Regulations under the Income Tax Act (Canada), and any benefit to which the member is entitled under this Part shall commence to be paid not later than that date.
2000, c.7, s.2; 2011, c.35, s.1
Contribution of members to the Members’ Pension Account
5(1)A member shall contribute to the Members’ Pension Account an amount equal to the lesser of
(a) the amount of the annual maximum deductible contributions to a registered pension plan, as that amount is established under the Income Tax Act (Canada), and
(b) 9% of the member’s indemnity, and if the member is a minister, 9% of the minister’s salary.
5(1.1)Subject to subsection (3), a member shall continue to contribute to the Members’ Pension Account in accordance with subsection (1) even if the member has reached the total of the amount of the annual pension and the amount of the supplementary allowance or the reduced supplementary allowance established under section 10.1.
5(1.2)Subject to subsection (3), a minister shall continue to contribute to the Members’ Pension Account in accordance with subsection (1) even if the minister has reached the total of the amount of the minister’s pension and the amount of the supplementary allowance or the reduced supplementary allowance established under section 11.1.
5(2)A member who receives only a portion of an indemnity under the Legislative Assembly Act shall be deemed, for the purposes of this Act, to have received the entire indemnity for the session to which the indemnity relates, and shall contribute under subsection (1) the amount the member would be required to contribute if he or she had received the entire indemnity.
5(2.1)For the purposes of subsection (2), the period of time for which the portion of the indemnity was paid must be a qualifying period in accordance with paragraph 8507(3)(a) of the Income Tax Regulations under the Income Tax Act (Canada).
5(3)Despite subsection (1), a member shall not continue to contribute to the Members’ Pension Account or acquire pensionable service after the last day of the year in which the member attains the age prescribed in subparagraph 8502(e)(i) of the Income Tax Regulations under the Income Tax Act (Canada), and any benefit to which the member is entitled under this Part shall commence to be paid not later than that date.
2000, c.7, s.2; 2011, c.35, s.1
Contribution of members to the Members’ Pension Account
5(1)A member shall contribute to the Members’ Pension Account an amount equal to the lesser of
(a) the amount of the annual maximum deductible contributions to a registered pension plan, as that amount is established under the Income Tax Act (Canada), and
(b) nine per cent of the member’s indemnity, and where the member is a minister, six per cent of the minister’s salary.
5(2)A member who receives only a portion of an indemnity under the Legislative Assembly Act shall be deemed, for the purposes of this Act, to have received the entire indemnity for the session to which the indemnity relates, and shall contribute under subsection (1) the amount the member would be required to contribute if he or she had received the entire indemnity.
5(2.1)For the purposes of subsection (2), the period of time for which the portion of the indemnity was paid must be a qualifying period in accordance with paragraph 8507(3)(a) of the Income Tax Regulations under the Income Tax Act (Canada).
5(3)Despite subsection (1), a member shall not continue to contribute to the Members’ Pension Account or acquire pensionable service after the last day of the year in which the member attains the age prescribed in subparagraph 8502(e)(i) of the Income Tax Regulations under the Income Tax Act (Canada), and any benefit to which the member is entitled under this Part shall commence to be paid not later than that date.
2000, c.7, s.2; 2011, c.35, s.1
Contribution of members to the Members’ Pension Account
5(1)A member shall contribute to the Members’ Pension Account an amount equal to the lesser of
(a) the amount of the annual maximum deductible contributions to a registered pension plan, as that amount is established under the Income Tax Act (Canada), and
(b) nine per cent of the member’s indemnity, and where the member is a minister, six per cent of the minister’s salary.
5(2)A member who receives only a portion of an indemnity under the Legislative Assembly Act shall be deemed, for the purposes of this Act, to have received the entire indemnity for the session to which the indemnity relates, and shall contribute under subsection (1) the amount the member would be required to contribute if he or she had received the entire indemnity.
5(2.1)For the purposes of subsection (2), the period of time for which the portion of the indemnity was paid must be a qualifying period in accordance with paragraph 8507(3)(a) of the Income Tax Regulations under the Income Tax Act (Canada).
5(3)Notwithstanding subsection (1), a member shall not continue to contribute to the Members’ Pension Account or acquire pensionable service after the last day of the year in which the member attains sixty-nine years of age, and any benefit to which the member is entitled under this Part shall commence to be paid not later than that date.
2000, c.7, s.2