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OC 39/2018 - The Saskatchewan Pension Plan Amendment Regulations, 2018 (Minister of Finance)

Title: The Saskatchewan Pension Plan Amendment Regulations, 2018

Minister: Minister of Finance

Summary: On Monday, January 29, 2018, these regulations will amend RRS S-32.2 Reg 1 to:

  • increase the annual contribution limit to $6,000 for 2018 and by a factor of the Year’s Maximum Pensionable Earning (YMPE) as defined in the Canada Pension Plan, rounded to the nearest $100 starting in 2019;
  • allow the Saskatchewan Pension Plan (SPP) to offer a variable benefit to retiring members;
  • reduce the initial refund period from six months to 60 days; and
  • - update references in the Regulations to be consistent with the Act as well as to clarify and modernize language in the Regulations and bring them in line with other government pension plans.
See: The Saskatchewan Pension Plan Act, section 21

Date Signed: January 24, 2018

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