Acts and Regulations

P-5.1 - Pension Benefits Act

Section 71
Disposition versions

Full text
Order of Superintendent
71(1)The Superintendent by order may require the transferee to return to the pension fund assets, with interest calculated in the prescribed manner, transferred without the prior consent of the Superintendent under section 70 or transferred contrary to a prescribed term or condition.
71(2)An order for return of assets under subsection (1), exclusive of the reasons for the order, may be filed in the Court of King’s Bench and shall be entered and recorded in the Court, and when so entered and recorded becomes a judgment of the Court and may be enforced as a judgment obtained in the Court by the Superintendent.
71(3)All reasonable costs and charges attendant upon the filing, entering and recording of an order under subsection (2) are recoverable in like manner as if the amount had been included in the order.
2016, c.36, s.11; 2023, c.17, s.188
Order of Superintendent
71(1)The Superintendent by order may require the transferee to return to the pension fund assets, with interest calculated in the prescribed manner, transferred without the prior consent of the Superintendent under section 70 or transferred contrary to a prescribed term or condition.
71(2)An order for return of assets under subsection (1), exclusive of the reasons for the order, may be filed in the Court of Queen’s Bench and shall be entered and recorded in the Court, and when so entered and recorded becomes a judgment of the Court and may be enforced as a judgment obtained in the Court by the Superintendent.
71(3)All reasonable costs and charges attendant upon the filing, entering and recording of an order under subsection (2) are recoverable in like manner as if the amount had been included in the order.
2016, c.36, s.11
Establishment of new plans
71(1)The Superintendent by order may require the transferee to return to the pension fund assets, with interest calculated in the prescribed manner, transferred without the prior consent of the Superintendent under section 70 or transferred contrary to a prescribed term or condition.
71(2)An order for return of assets under subsection (1), exclusive of the reasons for the order, may be filed in The Court of Queen’s Bench of New Brunswick and shall be entered and recorded in the Court, and when so entered and recorded becomes a judgment of the Court and may be enforced as a judgment obtained in the Court by the Superintendent.
71(3)All reasonable costs and charges attendant upon the filing, entering and recording of an order under subsection (2) are recoverable in like manner as if the amount had been included in the order.