The Nova Scotia Legislature

The House resumed on:
September 21, 2017.

Bill No. 126

Pooled Registered Pension Plans Act (amended)

An Act to Amend Chapter 37 of the Acts of 2014, the Pooled Registered Pension Plans Act

Introduced by:
Honourable Randy Delorey
Minister of Finance and Treasury Board

First Reading
Second Reading Debates
Second Reading Passed
Law Amendments Committee
    Meeting Date(s) November 23, 2015
    Reported to the House
Committee of the Whole House
Third Reading Debates
Third Reading
Royal Assent
Commencement December 18, 2015
2015 Statutes, Chapter 48

Explanatory Note

Clause 1 will allow funds in pooled registered pension plans to be transferred to retirement savings arrangements that are prescribed under the Pension Benefits Act.
Clause 2 provides the processes for the transfer of funds from the pooled registered pension plan account of a member of the plan to the spouse of the member.
Clauses 3 and 4 revise and add to amendments made by the Pooled Registered Pensions Plans Act to the Pension Benefits Act to allow for the transfer of funds between pooled registered pension plans and pension plans and retirement savings arrangements governed by the Pension Benefits Act.