FINANCIAL SECTOR STATUTES
AMENDMENT ACT, 2003

Chapter 19

(Assented to May 16, 2003)

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows:

 

Part 7
Public Sector Pension Plans Act

Amends RSA 2000 cP‑41

41   The Public Sector Pension Plans Act is amended by this Part.

 

43   The following is added immediately before Schedule 1:

Transitional provision for funding requirements

12(1)  Notwithstanding section 1(1)(b) of each of Schedules 1, 2, 4 and 5, those clauses are deemed to read as follows with respect to current service contributions required to be made after 2002 and before the effective date of the repeal and replacement of each such clause by the Financial Sector Statutes Amendment Act, 2003:

                                   (b)    “funding and solvency requirements” means the minimum funding requirements, but excluding any requirements for the funding of solvency deficiencies, of the Employment Pension Plans Act and the regulations under it;

(2)  Subsection (1) is deemed to have come into force on January 1, 2003.

(3)  This section is repealed one day after the repeal and replacement referred to in subsection (1).

 

Part 8
Coming into Force

 

50   This Act comes into force on Proclamation.