4.1

(1)

This section applies to every person who is a member on the day that the Legislative Assembly (Members' Remuneration and Pensions) Statutes Amendment Act, 2007 receives First Reading in the Legislative Assembly.

(2)

On or before the 7th day that follows the date on which the Legislative Assembly (Members' Remuneration and Pensions) Statutes Amendment Act, 2007 receives Royal Assent, the member may notify the Speaker in writing that the member chooses both

(a)

to continue to have his or her basic compensation and annual salary, if any, determined in accordance with the applic October 27, 2008 9:38 AM Committee Act as they read immediately before April 1, 2007, and

(b)

to not participate in the pension plan established by Part 3.

(3)

The notice must be given in the manner authorized or approved by the Speaker.

(4)

A notice given in accordance with subsections (2) and (3) is permanent and irrevocable.

(5)

A list of the names of the members who have given the notice described in this section must be posted on a publicly accessible website maintained by or on behalf of the Legislative Assembly.