Acts and Regulations

T-1 - Teachers’ Pension Act

Section 19
Disposition versions

Full text
Transfer of teacher to Université de Moncton
19(1)The Minister may, in respect of a contributor employed at Teachers’ College, École Normale or the New Brunswick Institute of Technology who terminates such employment 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 contributor under this Act together with interest, and
(b) an additional amount of employer’s contribution equal to the amount payable under paragraph (a).
19(2)No payment shall be made in respect of any contributor mentioned in subsection (1)
(a) if the contributor has received or has elected to receive a refund of his or her contributions under this Act, or
(b) if the contributor 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.
19(3)No payment shall be made in respect of a contributor 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.
19(4)The making of a request under subsection (3) is irrevocable, and upon the granting of the request the contributor ceases to be entitled to any benefit under this Act.
19(5)Any contributor mentioned in subsection (1) who subsequently is re-employed as a teacher in the Province may elect, in accordance with this Act, to count the period of pensionable service in respect of which payment was made under subsection (1) and to have transferred from the pension plan of the Université de Moncton to the Teachers’ Pension Fund in accordance with the reciprocal agreement between the two employers, an amount equal to the payment made under subsection (1), together with interest from the date of the payment by the Minister, and the Minister may receive and pay into the Teachers’ Pension Fund such amount.
1972, c.67, s.8; 1999, c.44, s.14; 2008, c.45, s.37; 2010, c.31, s.122
Transfer of teacher to Université de Moncton
19(1)The Minister may, in respect of a contributor employed at Teachers’ College, École Normale or the New Brunswick Institute of Technology who terminates such employment 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 contributor under this Act together with interest, and
(b) an additional amount of employer’s contribution equal to the amount payable under paragraph (a).
19(2)No payment shall be made in respect of any contributor mentioned in subsection (1)
(a) if the contributor has received or has elected to receive a refund of his or her contributions under this Act, or
(b) if the contributor 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.
19(3)No payment shall be made in respect of a contributor 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.
19(4)The making of a request under subsection (3) is irrevocable, and upon the granting of the request the contributor ceases to be entitled to any benefit under this Act.
19(5)Any contributor mentioned in subsection (1) who subsequently is re-employed as a teacher in the Province may elect, in accordance with this Act, to count the period of pensionable service in respect of which payment was made under subsection (1) and to have transferred from the pension plan of the Université de Moncton to the Teachers’ Pension Fund in accordance with the reciprocal agreement between the two employers, an amount equal to the payment made under subsection (1), together with interest from the date of the payment by the Minister, and the Minister may receive and pay into the Teachers’ Pension Fund such amount.
1972, c.67, s.8; 1999, c.44, s.14; 2008, c.45, s.37
Transfer of teacher to Université de Moncton
19(1)The Minister may, in respect of a contributor employed at Teachers’ College, École Normale or the New Brunswick Institute of Technology who terminates such employment 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 contributor under this Act together with interest, and
(b) an additional amount of employer’s contribution equal to the amount payable under paragraph (a).
19(2)No payment shall be made in respect of any contributor mentioned in subsection (1)
(a) if the contributor has received or has elected to receive a refund of his contributions under this Act, or
(b) if the contributor 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.
19(3)No payment shall be made in respect of a contributor 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.
19(4)The making of a request under subsection (3) is irrevocable, and upon the granting of the request the contributor ceases to be entitled to any benefit under this Act.
19(5)Any contributor mentioned in subsection (1) who subsequently is re-employed as a teacher in the Province may elect, in accordance with this Act, to count the period of pensionable service in respect of which payment was made under subsection (1) and to have transferred from the pension plan of the Université de Moncton to the Teachers’ Pension Fund in accordance with the reciprocal agreement between the two employers, an amount equal to the payment made under subsection (1), together with interest from the date of the payment by the Minister, and the Minister may receive and pay into the Teachers’ Pension Fund such amount.
1972, c.67, s.8; 1999, c.44, s.14