50 (1) Despite its repeal and except as otherwise provided in this section, the Legislative Assembly Retirement Allowances Act continues to apply in respect of individuals who had ceased to be members of the Assembly before January 1, 1992 and who were entitled on that date to receive an allowance under that Act. Deemed amendments (2) For the purposes of subsection (1), the Legislative Assembly Retirement Allowances Act shall be deemed to be the Act as it read on December 31, 1991, as amended by subsections (3) and (4). Same, suspension of allowances (3) For the purposes of subsection (1), sections 7, 10 and 20 of the Legislative Assembly Retirement Allowances Act shall be deemed to be repealed. Same, annual increases (4) For the purposes of subsection (1), section 25 of the Legislative Assembly Retirement Allowances Act, as it read on December 31, 1991, shall be deemed to be repealed and the following substituted: Increase in allowance 25 (1)  Effective April 1, 1996, the amount of the allowance otherwise payable to a person under the Act is increased by 2 per cent. Same (2)  On January 1 every year, beginning with 1997, the amount of the allowance otherwise payable to a person under the Act is increased by the lesser of, (a) 2 per cent; and (b) the increase in the average Consumer Price Index for the year. Annual inflation rate over 2 per cent (3)  If the increase in the average Consumer Price Index from one year to the next is greater than 2 per cent, the increase shall be deemed to be 2 per cent for the purposes of clause (2) (b).  The amount in excess of 2 per cent shall be carried forward and attributed to a year in which the increase is less than 2 per cent (to the extent necessary to increase the average CPI for that year to 2 per cent). Definition (4)  For the purposes of this section, “average Consumer Price Index” means the average Consumer Price Index as defined in subsection 8500 (1) of the Income Tax Regulations
(Canada). Discretionary increase 25.1 (1)  Before June 8, 1995, the Speaker may, by order, provide for the payment of supplementary benefits to persons receiving allowances under the Act. The Speaker may do this only with the approval of the Board of Internal Economy. Same (2)  The order may set out the classes of persons entitled to be paid the supplementary benefits, the amounts of the benefits and the times at which they may be paid. Status of supplementary benefits (3)  A person who is paid supplementary benefits is entitled to continue to receive them while the person is being paid an allowance under the Act. They shall be deemed to form part of the allowance which the person is paid under the Act. Purchase of annuity 25.2 (1)  The Minister of Finance may purchase an annuity contract to provide for payment of an allowance to which a person is entitled under the Act. Same (2)  The annuity provided by an annuity contract must be subject to the same terms and conditions as the allowance to which it relates. Discharge of rights (3)  The purchase of the annuity contract discharges the rights under the Act of the person and of any other person in respect of that person. Authorized company (4)  The annuity contract must be purchased from a company authorized under the laws of Canada or a province to carry on an annuities business in Canada.  1996, c. 6, Sched. A, s. 50.