BILL 3 An Act Respecting Pensions

BILL 3

An Act Respecting Pensions

Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:

Membersí Pension Act

1 The Membersí Pension Act, chapter M-7.1 of the Acts of New Brunswick, 1993, is amended by adding after section 2 the following:

 

2.1 For the purposes of this Act, no member or minister shall be credited with more than one session per calendar year.

Members Superannuation Act

2 The Members Superannuation Act, chapter M-8 of the Revised Statutes, 1973, is amended by adding after section 1.1 the following:

1.2 For the purposes of this Act, no member or minister shall be credited with more than one session per calendar year.

Commencement

3(1) Section 1 of this Act shall be deemed to have come into force on December 10, 1993.

3(2) Section 2 of this Act shall be deemed to have come into force on June 1, 1999.

EXPLANATORY NOTES

Section 1

For the purposes of the Membersí Pension Act, a member or minister cannot be credited with more than one session of the Legislative Assembly per calendar year.

Section 2

For the purposes of the Members Superannuation Act, a member or minister cannot be credited with more than one session of the Legislative Assembly per calendar year.

Section 3

Commencement provision.