Amendments to New Pooled Registered Pension Plan Act

first_imgFinance and Treasury Board Minister Randy Delorey announced today, Nov. 19, amendments to the Pooled Registered Pension Plans Act. The amendments allow money from them to flow into other retirement savings plans under the Pension Benefits Act. This will ensure workers have consistent options and protections when they retire, regardless of whether they have been saving through a defined contribution pension plan or a Pooled Registered Pension Plan. In Fall 2014, the act was passed, but did not take effect because it was not proclaimed. It is expected they will be available in Nova Scotia in 2016, following completion of regulations and a multi-lateral agreement between the federal government and participating provinces. Pooled Registered Pension Plans will provide a low-cost, regulated retirement savings option for employers, employees and the self-employed across the province.last_img read more

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Abandoned Hyundai slapped with 26 parking tickets worth more than the car

first_imgMeanwhile, this couple were shocked to receive a ticket for ‘parking on their own driveway’.  Last year, a Mercedes left in another Birmingham city centre multi-storey car park for three years was finally removed after racking up more than £14,000 in parking tickets.APCOA, the company who owned the car park, finally towed the Mercedes away after receiving permission from Birmingham City Council. Photos show 26 of the fines, which are reportedly for £100 each, posted in rows on the windscreen of the silver vehicle.An employee at a vape shop located in the car park said it had been there for around six months, adding: “I’ve no idea whose it is … it doesn’t look like they’re coming back to get it.”Birmingham City Council said it was an issue for the owner of the car park. It doesn’t look like the owner of this car will be back Credit:News Dog Media The owner of this abandoned Hyundai could be in for a shock when they finally collect their car – along with 26 parking tickets.It has been left in a car park in Kings Heath, Birmingham, for the past six months, racking up parking fines worth an estimated £2,600 – 17 times more than the car is actually worth.The 16-year-old Hyundai Coupe’s value is estimated to be just £150 and may explain why the owner has decided against picking it and paying the fines.center_img “We did not move the car initially because the city council has previously taken responsibility for removing vehicles and, unsurprisingly, we believed this was still the case,” an APCOA spokesperson said at the time.”The car will probably be taken away for scrap. There are no plans to pursue the owner.” Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. parking fines last_img read more

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