Acts and Regulations

P-26 - Public Service Superannuation Act

Section 21
Disposition versions

Full text
Transfer of teacher to Université de Moncton
21(1)The Minister may, in respect of a person employed in the public service at Teachers’ College, École Normale or the New Brunswick Institute of Technology who ceases to be employed in the public service to become employed by the Université de Moncton as a result of the transfer of the Province’s teacher training function to the Université de Moncton, pay to the pension plan established by the Université de Moncton
(a) an amount equal to the amount of the superannuation contributions made by that person under this Act together with interest, and
(b) an additional amount of employer’s contribution equal to the amount payable under paragraph (a).
21(2)No payment shall be made in respect of any person mentioned in subsection (1)
(a) if the person has received or has elected to receive a refund of his or her contributions under this Act,
(b) if the person has elected to receive a deferred pension under this Act, or
(c) if the person does not join the Université de Moncton on the effective date of the transfer, except where on educational leave approved by the Minister of Education and Early Childhood Development.
21(3)No payment shall be made in respect of a person mentioned in subsection (1) unless a request for payment is made within six months after the date the person becomes employed by the Université de Moncton.
21(4)The making of a request under subsection (3) is irrevocable, and upon the granting of the request the person ceases to be entitled to any benefit under this Act.
21(5)Any person mentioned in subsection (1) who subsequently is re-employed in the public service may elect, in accordance with this Act, to count the period of pensionable service in respect of which payment was made pursuant to subsection (1), if he or she pays to the Minister, within a period prescribed by the Minister, an amount equal to the payment made pursuant to that subsection together with interest from the date of the payment by the Minister and if that amount is transferred from a registered pension plan, deferred profit sharing plan or registered retirement savings plan of that person.
1972, c.57, s.13; 1996, c.67, s.7; 2008, c.16, s.14; 2008, c.45, s.31; 2010, c.31, s.115
Transfer of teacher to Université de Moncton
21(1)The Minister may, in respect of a person employed in the public service at Teachers’ College, École Normale or the New Brunswick Institute of Technology who ceases to be employed in the public service to become employed by the Université de Moncton as a result of the transfer of the Province’s teacher training function to the Université de Moncton, pay to the pension plan established by the Université de Moncton
(a) an amount equal to the amount of the superannuation contributions made by that person under this Act together with interest, and
(b) an additional amount of employer’s contribution equal to the amount payable under paragraph (a).
21(2)No payment shall be made in respect of any person mentioned in subsection (1)
(a) if the person has received or has elected to receive a refund of his or her contributions under this Act,
(b) if the person has elected to receive a deferred pension under this Act, or
(c) if the person does not join the Université de Moncton on the effective date of the transfer, except where on educational leave approved by the Minister of Education.
21(3)No payment shall be made in respect of a person mentioned in subsection (1) unless a request for payment is made within six months after the date the person becomes employed by the Université de Moncton.
21(4)The making of a request under subsection (3) is irrevocable, and upon the granting of the request the person ceases to be entitled to any benefit under this Act.
21(5)Any person mentioned in subsection (1) who subsequently is re-employed in the public service may elect, in accordance with this Act, to count the period of pensionable service in respect of which payment was made pursuant to subsection (1), if he or she pays to the Minister, within a period prescribed by the Minister, an amount equal to the payment made pursuant to that subsection together with interest from the date of the payment by the Minister and if that amount is transferred from a registered pension plan, deferred profit sharing plan or registered retirement savings plan of that person.
1972, c.57, s.13; 1996, c.67, s.7; 2008, c.16, s.14; 2008, c.45, s.31
Transfer of teacher to Université de Moncton
21(1)The Minister may, in respect of a person employed in the public service at Teachers’ College, École Normale or the New Brunswick Institute of Technology who ceases to be employed in the public service to become employed by the Université de Moncton as a result of the transfer of the Province’s teacher training function to the Université de Moncton, pay to the pension plan established by the Université de Moncton
(a) an amount equal to the amount of the superannuation contributions made by that person under this Act together with interest, and
(b) an additional amount of employer’s contribution equal to the amount payable under paragraph (a).
21(2)No payment shall be made in respect of any person mentioned in subsection (1)
(a) if the person has received or has elected to receive a refund of his contributions under this Act,
(b) if the person has elected to receive a deferred pension under this Act, or
(c) if the person does not join the Université de Moncton on the effective date of the transfer, except where on educational leave approved by the Minister of Education.
21(3)No payment shall be made in respect of a person mentioned in subsection (1) unless a request for payment is made within six months after the date the person becomes employed by the Université de Moncton.
21(4)The making of a request under subsection (3) is irrevocable, and upon the granting of the request the person ceases to be entitled to any benefit under this Act.
21(5)Any person mentioned in subsection (1) who subsequently is re-employed in the public service may elect, in accordance with this Act, to count the period of pensionable service in respect of which payment was made pursuant to subsection (1), if he pays to the Minister, within a period prescribed by the Minister, an amount equal to the payment made pursuant to that subsection together with interest from the date of the payment by the Minister and if that amount is transferred from a registered pension plan, deferred profit sharing plan or registered retirement savings plan of that person.
1972, c.57, s.13; 1996, c.67, s.7; 2008, c.16, s.14
Transfer of teacher to Université de Moncton
21(1)The Minister may, in respect of a person employed in the public service at Teachers’ College, École Normale or the New Brunswick Institute of Technology who ceases to be employed in the public service to become employed by the Université de Moncton as a result of the transfer of the Province’s teacher training function to the Université de Moncton, pay to the pension plan established by the Université de Moncton
(a) an amount equal to the amount of the superannuation contributions made by that person under this Act together with interest, and
(b) an additional amount of employer’s contribution equal to the amount payable under paragraph (a).
21(2)No payment shall be made in respect of any person mentioned in subsection (1)
(a) if the person has received or has elected to receive a refund of his contributions under this Act,
(b) if the person has elected to receive a deferred pension under this Act, or
(c) if the person does not join the Université de Moncton on the effective date of the transfer, except where on educational leave approved by the Minister of Education.
21(3)No payment shall be made in respect of a person mentioned in subsection (1) unless a request for payment is made within six months after the date the person becomes employed by the Université de Moncton.
21(4)The making of a request under subsection (3) is irrevocable, and upon the granting of the request the person ceases to be entitled to any benefit under this Act.
21(5)Any person mentioned in subsection (1) who subsequently is re-employed in the public service may elect, in accordance with this Act, to count the period of pensionable service in respect of which payment was made pursuant to subsection (1), if he pays to the Minister, within a period prescribed by the Minister, an amount equal to the payment made pursuant to that subsection together with interest from the date of the payment by the Minister.
1972, c.57, s.13; 1996, c.67, s.7