BILL 83

An Act to Amend the Municipalities Act

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

1 Subsection 163(1) of the Municipalities Act, chapter M-22 of the Revised Statutes, 1973, is repealed and the following is substituted:

163(1) The Lieutenant-Governor in Council may make regulations

(a)  respecting the establishment of a pension board which shall be responsible for administering and revising a uniform contributory pension plan for the permanent employees of municipalities and rural communities;

(b)  respecting the creation or continuation of the uniform contributory pension plan;

(c)  respecting the purpose of the uniform contributory pension plan;

(d)  respecting the pension fund of the uniform contributory pension plan;

(e)  respecting participation in the uniform contributory pension plan;

(f)  respecting termination of the uniform contributory pension plan;

(g)  respecting the duties, powers and responsibilities of the pension board;

(h)  respecting membership on the pension board;

(i)  respecting the administration of the pension board; and

(j)  respecting the guidelines for the operation and revision of the uniform contributory pension plan by the pension board.

2 This Act or any provision of it comes into force on a day or days to be fixed by proclamation.

EXPLANATORY NOTES

Section 1

The existing provision is as follows:

163(1) The Lieutenant-Governor in Council may make regulations to provide for the creation and operation of a uniform contributory pension plan for the permanent employees of municipalities and rural communities.

Section 2

Commencement provision.