Acts and Regulations

P-21.1 - Provincial Court Judges’ Pension Act

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Provincial Court Judges’ Pension Trust Account and Fund
4(1)The Provincial Court Judges Superannuation Account established under section 3 of New Brunswick Regulation 84-104 under the Provincial Court Act is hereby continued as the Provincial Court Judges’ Pension Trust Account.
4(2)The pension trust fund into which the pension contributions of judges were paid under subsection 17.1(2) of the Provincial Court Act before the commencement of this subsection is hereby continued as the Provincial Court Judges’ Pension Trust Fund, and all contributions made under this Act to the Account shall be paid into that Fund.
4(3)The Minister shall be the trustee of the Fund, and the Fund shall be held in trust by the Minister.
4(4)All benefit payments under Part III, all benefit payments under the Provincial Court Act except payments referred to in subsection 21(4) of this Act and all returns of contributions that were deductible contributions, as provided for in subsection 147.2(4) of the Income Tax Act (Canada) and in paragraph 8503(4)(a) of the Income Tax Regulations under that Act, and that were paid into the Fund, shall be a charge upon and payable out of the Fund.
4(5)Expenses that relate to the administration of the provisions of this Act, expenses that relate to the administration of the benefit provisions of the Provincial Court Act other than payment under subsection 21(4) of this Act and expenses that relate to the management and investment of the Fund are a charge upon and payable out of the Fund.
4(6)All interest arising from the Fund shall be paid into and form part of the Fund.
2016, c.28, s.83
Provincial Court Judges’ Pension Trust Account and Fund
4(1)The Provincial Court Judges Superannuation Account established under section 3 of New Brunswick Regulation 84-104 under the Provincial Court Act is hereby continued as the Provincial Court Judges’ Pension Trust Account.
4(2)The pension trust fund into which the pension contributions of judges were paid under subsection 17.1(2) of the Provincial Court Act before the commencement of this subsection is hereby continued as the Provincial Court Judges’ Pension Trust Fund, and all contributions made under this Act to the Account shall be paid into that Fund.
4(3)The New Brunswick Investment Management Corporation shall be the trustee of the Fund and the Fund shall be held in trust by that corporation.
4(4)All benefit payments under Part III, all benefit payments under the Provincial Court Act except payments referred to in subsection 21(4) of this Act and all returns of contributions that were deductible contributions, as provided for in subsection 147.2(4) of the Income Tax Act (Canada) and in paragraph 8503(4)(a) of the Income Tax Regulations under that Act, and that were paid into the Fund, shall be a charge upon and payable out of the Fund.
4(5)Expenses that relate to the administration of the provisions of this Act, expenses that relate to the administration of the benefit provisions of the Provincial Court Act other than payment under subsection 21(4) of this Act and expenses that relate to the management and investment of the Fund are a charge upon and payable out of the Fund.
4(6)All interest arising from the Fund shall be paid into and form part of the Fund.
Provincial Court Judges’ Pension Trust Account and Fund
4(1)The Provincial Court Judges Superannuation Account established under section 3 of New Brunswick Regulation 84-104 under the Provincial Court Act is hereby continued as the Provincial Court Judges’ Pension Trust Account.
4(2)The pension trust fund into which the pension contributions of judges were paid under subsection 17.1(2) of the Provincial Court Act before the commencement of this subsection is hereby continued as the Provincial Court Judges’ Pension Trust Fund, and all contributions made under this Act to the Account shall be paid into that Fund.
4(3)The New Brunswick Investment Management Corporation shall be the trustee of the Fund and the Fund shall be held in trust by that corporation.
4(4)All benefit payments under Part III, all benefit payments under the Provincial Court Act except payments referred to in subsection 21(4) of this Act and all returns of contributions that were deductible contributions, as provided for in subsection 147.2(4) of the Income Tax Act (Canada) and in paragraph 8503(4)(a) of the Income Tax Regulations under that Act, and that were paid into the Fund, shall be a charge upon and payable out of the Fund.
4(5)Expenses that relate to the administration of the provisions of this Act, expenses that relate to the administration of the benefit provisions of the Provincial Court Act other than payment under subsection 21(4) of this Act and expenses that relate to the management and investment of the Fund are a charge upon and payable out of the Fund.
4(6)All interest arising from the Fund shall be paid into and form part of the Fund.