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Orders in Council Database

Order Details

Order Number:

OC2010-291

Order Date:

2010-11-09

Department:

Finance

Authority:

Economic Recovery Act

Order Text:

WHEREAS, the Parliament of Canada enacted the Economic Recovery Act (stimulus), Statutes of Canada, 2009, c. 31, (hereinafter referred to as the “Act”) which received Royal Assent on December 15, 2009.

AND WHEREAS subsection 43(2) of the Act provides, among other things, that section 33 of the Act comes into force in accordance with subsection 114(4) of the Canada Pension Plan R.S.C., 1985, c. C-8, (hereinafter referred to as the “CPP”), and in accordance with that subsection, the Lieutenant Governor in Council of each of at least two thirds of the included provinces, having in the aggregate not less than two thirds of the population of all of the included provinces, has signified the consent of the province to the enactment.

AND WHEREAS section 33 of the Act was brought into force on September 1, 2010.

AND WHEREAS subsection 46(7) of the CPP, as enacted by section 33 of the Act, provides, among other things, that for the purposes of subsection 46(3.1) of the CPP, as enacted by section 33 of the Act, the Governor in Council may make regulations fixing one or more adjustment factors or the methods of calculating them – including factors or methods that may apply on specified dates – to reflect the time interval between the month in which the retirement pension commences and the month in which the contributor reached, or would reach, 65 years of age.

AND WHEREAS subsection 46(8) of the CPP, as enacted by section 33 of the Act provides, among other conditions, that the Governor in Council may make regulations under subsection 46(7) or repeal them only if the Lieutenant Governor in Council of each of at least two thirds of the included provinces, having in total not less than two thirds of the population of all of the included provinces, has signified the consent of that province to the making or repeal of the regulations.

AND WHEREAS the Governor in Council (Canada) proposes to make the Regulations Amending the Canada Pension Plan Regulations, as proposed in Annex A of the Minister’s Submission, which fix one or more adjustment factors or the methods of calculating them – including factors or methods that may apply on specified dates – to reflect the time interval between the month in which the retirement pension commences and the month in which the contributor reached, or would reach, 65 years of age.

THEREFORE His Honour the Lieutenant Governor in Council of the Province of Newfoundland and Labrador, on the recommendation of the Minister of Finance, in accordance with subsections 46(8) of the CPP, as enacted by section 33 of the Act, hereby consents on behalf of the Province of Newfoundland and Labrador to the making of the Regulations Amending the Canada Pension Plan Regulations.

(Revised on November 15, 2010)

 

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