May 2014

May 2014

Pensions - Regina Police Pension Plan Regulations

May 2014 - The government has amended The Pension Benefits Regulations, 1993 to introduce new funding rules for The Regina Police Pension Plan. 

The Regina Police Association and the Regina Board of Police Commissioners have agreed to freeze The Regina Police Pension Plan effective June 30, 2014 and to establish a new target benefit plan for future pension accruals for all new and existing plan members.  The amended regulations will allow the Regina Board of Police Commissioners an extended period of time over which the unfunded liability in the frozen plan must be amortized.

• Regina Police Pension Plan Regulations        

    
Pensions - Consultation: Non-Residency Unlocking

May 12, 2014 - The Financial and Consumer Affairs Authority has released a discussion paper regarding the proposed Non-Residency Unlocking provision for pension plans and locked-in retirement accounts.  The consultation paper can be found as an attachment below.  Comments should be submitted to Tami Dove, Senior Policy Analyst, Pensions, contact information in the consultation document, by June 20, 2014.

For more information, please contact:

Pensions Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone:  (306) 787-7650
Fax:  (306) 798-4425

• Non-Residency Unlocking Consultation Document