moved:
Motion No. 40
That Bill C-78, in Clause 145, be amended
(a) by replacing lines 38 to 45 on page 123 and lines 1 to 8 on page 124 with the following:
“49.1 (1) The Minister shall establish a Board to be known as the Canadian Forces Pension Management Board, the members of which are appointed by the Minister in accordance with subsection (2).
(1.1) Despite any other provision in this Act, the Board established by subsection (1) shall be responsible for designing the pension plan to which this Act applies, its funding, managing the plan's surplus or deficit, administering the plan and ensuring that the plan's funding level is adequate to deliver pension benefits.”
(b) by replacing line 9 on page 124 with the following:
“(2) The membership of the Board established by subsection (1) shall”
(c) by replacing, in the English version, line 43 on page 124 with the following:
“(3) A member of the Board established by subsection (1) shall be”
(d) by replacing line 1 on page 125 with the following:
“(3.1) The Board established by subsection (1) shall recom-”