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L-1 - Legislature Act

Section 70
Disposition versions

Full text
70. (Replaced).
R. S. 1964, c. 6, s. 92; 1965 (1st sess.), c. 11, s. 3; 1968, c. 9, s. 32; 1971, c. 9, s. 11; 1974, c. 7, s. 5; 1977, c. 9, s. 1; 1978, c. 11, s. 3; 1982, c. 62, s. 167.
70. An annual indemnity of $21,000 shall be granted to every member.
From the year 1975, the indemnity contemplated in the preceding paragraph shall be, for each year, equal to the amount of the indemnity for the last preceding year multiplied by the Base Wage for the last preceding year and divided by the Base Wage for the year preceding such last preceding year.
The Base Wage for a year is the arithmetic mean of weekly salaries and wages of the Industrial Composite in Canada, as published by Statistics Canada under the Statistics Act, for each of the 12 months of the period ending with the month of June in that year. Such salaries and wages, for each of the two years preceding that for which the indemnity is computed, are those appearing in the first publication of Statistics Canada containing those for the month of June immediately preceding the year for which the indemnity is computed.
Where the product of the computation according to the first paragraph is not a multiple of $100, the amount of the annual indemnity is increased to the nearest multiple of $100.
The annual indemnity cannot be less than that of the preceding year. It cannot, however, exceed it by more than 6%.
R. S. 1964, c. 6, s. 92; 1965 (1st sess.), c. 11, s. 3; 1968, c. 9, s. 32; 1971, c. 9, s. 11; 1974, c. 7, s. 5; 1977, c. 9, s. 1; 1978, c. 11, s. 3.
70. An annual indemnity of $21,000 shall be granted to every member.
From the year 1975, the indemnity contemplated in the preceding paragraph shall be, for each year, equal to the amount of the indemnity for the last preceding year multiplied by the Base Wage for the last preceding year and divided by the Base Wage for the year preceding such last preceding year.
The Base Wage for a year is the arithmetic mean of weekly salaries and wages of the Industrial Composite in Canada, as published by Statistics Canada under the Statistics Act, for each of the 12 months of the period ending with the month of June in that year. Such salaries and wages, for each of the two years preceding that for which the indemnity is computed, are those appearing in the first publication of Statistics Canada containing those for the month of June immediately preceding the year for which the indemnity is computed.
Where the product of the computation according to the first paragraph is not a multiple of $100, the amount of the annual indemnity is increased to the nearest multiple of $100.
The annual indemnity shall not be less than that for the preceding year.
However, for the year 1978, the indemnity granted to every member shall be equal to that granted to him for the preceding year.
R. S. 1964, c. 6, s. 92; 1965 (1st sess.), c. 11, s. 3; 1968, c. 9, s. 32; 1971, c. 9, s. 11; 1974, c. 7, s. 5; 1977, c. 9, s. 1.
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