Mr. Speaker, I move, seconded by the honourable Member for Nahendeh, that Bill 32, An Act to Amend the Northern Employees Benefits Services Pension Plan Act be read for the second time.

This bill amends the Northern Employees Benefits Services Pension Plan Act to ensure continued effective regulation and oversight of the NEBF pension plan. This bill redefines the names the pension committee required under the act; changes the requirements for the composition of the pension committee; clarifies the ability of the pension committee to make rules, policies, and procedures addressing matters, including those prescribed by regulation; and allows the Commissioner and Executive Council to make regulations creating temporary exemptions from the act or temporary variations and provisions of the act. Thank you, Mr. Speaker.