Pensions for Employees of the Telephone System Chapter 64.-1. This Act may be cited as "The Telephone and Telegraph Act Amendment Act, 1926." 2. The Telephone and Telegraph Act, being chapter 49 of the Revised Statutes of Alberta, 1922, is amended by adding thereto the following sections: "12. The Minister of Railways and Telephones shall have power to provide for annuities or other payments by way of pension or superannuation benefit to the employees, or any class or classes of employees, of the telephone system of the province, and in the event of so doing, shall embody the provision so made in a scheme which upon being approved of by the Lieutenant-Governor in Council shall be operative according to its tenor. 13. The scheme shall be administered by a board which shall consist of three persons,(a) one appointed by the General Manager, who shall be chairman of the board; "(b) one holding rank not lower than sub-official to be elected by popular ballot of all participating employees; and "(c) one below the rank of sub-official, to be elected by popular ballot of all participating employees. "14. The Lieutenant-Governor in Council may upon the recommendation of the Minister direct the annual payment out of the revenue of the telephone system into any pension fund which may be created under the scheme aforesaid, of such sum of money as may be required under the provisions of the said scheme; "Provided, however, that such sum of money shall not in any year exceed the sum contributed or to be contributed for that year by the said employees for the provision of annuities or other payments by way of pension or superannuation benefit. "15. The said scheme may be altered from time to time by the Lieutenant-Governor in Council upon the recommendation of the Minister of Railways and Telephones. 16. The interest of any employee in the fund under this Act and in any annuity granted under the provisions of this Act, shall not be subject to garnishment or attachment or seizure, or any legal process, except in respect of a charge of failure to account for public moneys, and shall be unassignable." 3. This Act shall come into force on the day upon which it is assented to. Assented to April 8, 1926. BRITISH COLUMBIA [The session of the British Columbia Legislature which met in December, 1926, having continued into 1927 the labour laws passed thereat will be included in the next annual report on Labour Legislation in Canada.] T YUKON [No labour legislation was enacted at the 1926 session of the Yukon Council.] |