Thank you, Mr. Chairman. I am pleased to present Bill 9, Northern Employee Benefits Services Pension Plan Protection Act.

The purpose of Northern Employee Benefits Services, or NEBS, is to administer the pension and group benefits of participating employers residing in the Northwest Territories and Nunavut.

This bill provides protection from creditors for the pension entitlements of Northwest Territories members of the NEBS Pension Plan and restricts the ability of members to pledge as security their pension entitlements under the plan.

Mr. Chairman, that concludes my opening remarks. Thank you.