Acts and Regulations

M-8 - Members Superannuation Act

Full text
Modification of vested or accrued benefits
35(1)Despite any other provision of this Act, on and after July 1, 2014, all benefits, including adjustments made to those benefits in accordance with sections 10.1 to 10.5 and 22.2 and shortfalls payable under subsection 22.3(2), that were earned, accrued or vested before July 1, 2014, may be revoked, suspended, increased or reduced by Treasury Board.
35(2)Despite any other provision of this Act, on and after July 1, 2014, all allowances payable under Parts 2 and 3, including adjustments to those allowances provided for in sections 25, 25.1, 29 and 29.1 and made in accordance with sections 10.1 to 10.5 and 22.2, that were earned, accrued or vested before July 1, 2014, may be revoked, suspended, increased or reduced by Treasury Board.
35(3)Treasury Board may only exercise its authority under subsection (1) or (2) in a manner and by an amount that is consistent with the manner in which and the amount by which the administrator of the pension plan converted to a shared risk plan in accordance with An Act Respecting Public Service Pensions revokes, suspends, increases or reduces base benefits or ancillary benefits under that plan.
2014, c.27, s.2; 2016, c.37, s.104
Modification of vested or accrued benefits
35(1)Despite any other provision of this Act, on and after July 1, 2014, all benefits, including adjustments made to those benefits in accordance with sections 10.1 to 10.5 and 22.2 and shortfalls payable under subsection 22.3(2), that were earned, accrued or vested before July 1, 2014, may be revoked, suspended, increased or reduced by Board of Management.
35(2)Despite any other provision of this Act, on and after July 1, 2014, all allowances payable under Parts 2 and 3, including adjustments to those allowances provided for in sections 25, 25.1, 29 and 29.1 and made in accordance with sections 10.1 to 10.5 and 22.2, that were earned, accrued or vested before July 1, 2014, may be revoked, suspended, increased or reduced by Board of Management.
35(3)Board of Management may only exercise its authority under subsection (1) or (2) in a manner and by an amount that is consistent with the manner in which and the amount by which the administrator of the pension plan converted to a shared risk plan in accordance with An Act Respecting Public Service Pensions revokes, suspends, increases or reduces base benefits or ancillary benefits under that plan.
2014, c.27, s.2