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OC 654/2013 - The Public Employees Pension Plan Amendment Regulations, 2013 (No. 2) (Minister of Finance)
Description:

Title: The Public Employees Pension Plan Amendment Regulations, 2013 (No. 2)

Minister: Minister of Finance

Summary: On December 1, 2013, these regulations will amend RRS P-36.2 Reg 1 to:

  • designate SaskBuilds as a participating employer of the Public Employees Pension Plan (PEPP or the Plan);
  • permit plan members to transfer all or any part of the amount standing to their credit in their PEPP accumulation account to a Variable Pension Account (VPA);
  • eliminate the requirement for spousal consent on transfers out of the VPA; and
  • eliminate the requirement for spousal consent when the Variable Pension Benefit (VPB) member chooses to transfer all or any portion of the funds accumulated on post-retirement employment with a participating employer to any fund or contract permitted pursuant to the Income Tax Act (Canada).
See: The Public Employees Pension Plan Act, section 26





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