1992 Legislative Session: 1st Session, 35th Parliament
The following electronic version is for informational purposes only.
The printed version remains the official version.
MINISTER OF FINANCE AND
HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:
1 In this Act
"agreement" means the Professional Retirement Savings Plan Agreement dated October 10, 1991 between Her Majesty the Queen in Right of the Province of British Columbia and the association;
"association" means the British Columbia Medical Association;
"commission" means the Medical Services Commission continued under section 2 of the Medical Service Act;
"plan" means the Professional Benefit Plan for Doctors of British Columbia established December 20, 1990 by an agreement between the commission and the association dated January 31, 1991.
2 (1) All rights and obligations of the government, the association, any medical practitioner or any other person under the agreement are extinguished.
(2) The obligation of the government to contribute and deposit $25 million on March 31, 1992 under article 4.1 (a) of the agreement, or to pay interest on the $25 million for the period after March 31, 1992, is extinguished.
(3) The Professional Retirement Savings Plan referred to in article 2.1 of the agreement shall be deemed not to have been established.
3 (1) The plan is terminated.
(2) The association and other persons are not entitled to any entitlement arising from the plan.
4 (1) No contractual arrangements between the government and the association, or between the commission and the association, to establish benefits for medical practitioners, or for the government or the commission to provide money to fund retirement benefits for medical practitioners, shall be deemed to exist on the date this Act comes into force.
(2) No undertaking by the government to the association or its members to make $25 million available annually for benefits for medical practitioners paid on a fee for service or sessional basis, and to adjust budgets accordingly, shall be deemed to exist on the date this Act comes into force.
5 No action for damages or compensation against the government, the commission or any person arises by reason of this Act.
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Copyright © 1992: Queen's Printer, Victoria, British Columbia, Canada