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This enactment amends the Members of Parliament Retiring
Allowances Act and provides for the continuation of a section of that Act
that was repealed in 1992.
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The principal amendments are as follows:
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(a) the institution of an election to continue or come under the Act;
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(b) the extension of survivor benefits to common law spouses;
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(c) the decrease of contribution rates by two per cent;
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(d) the decrease of accrual rates by one per cent;
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(e) the institution of a minimum pensionable age;
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(f) the imposition of reductions or suspensions of benefits in cases of
``double-dipping''; and
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(g) the change of the review dates for the actuarial review of the
pension plan.
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In addition, this enactment makes a number of technical changes to the
Act.
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