January 29, 2014
Ms. Julie Dickson
Superintendent
Office of the Superintendent of Financial Institutions
255 Albert Street
Ottawa, ON K1A 0H2
Dear Ms. Dickson:
Re: Canada Post Corporation Registered Pension Plan
Registration No. 57136 (the "Plan")
Pensions
February 6, 2014
After mediation concluded in November CPC made a series of announcements which dramatically changed the pension landscape for PSAC members. Since those announcements PSAC has undertaken a number of steps get additional information and has worked hard to protect the interests of PSAC members.
February 3, 2014
I am extremely disappointed with the complete failure on the part of the Corporation to meaningfully consult with PSAC on this matter as there has been more than sufficient time and opportunity to do so.
January 31, 2014
This is the first in a series of bulletins on the Canada Post Pension Plan.
September 19, 2013
The employee contribution rates and benefit entitlements of the PSSA are integrated with the Canada/Québec Pension Plans (C/QPP).
September 19, 2013
Basic superannuation benefit entitlements are increased each January to compensate for increases in the Consumer Price Index (CPI).
As illustrated in Table 2, the indexation adjustments since 1970, when the SRBA first came into force, have served to protect the value of superannuation benefit payments against inflation.
Indexation starts on the first of January of the year after someone retires.The first indexation adjustment is prorated to the number of full months of the previous year after the person retired.
September 19, 2013
Treasury Board policy says all leaves without pay due to injury, illness or disability have to be 'resolved' within two years. The employer policy does allow for leaves to be extended in exceptional circumstances. But at two years, the employer notifies the employee that their leave without pay will end
July 16, 2013
The PSSA also lays out what happens to your pension if you are laid off under the work force adjustment appendices of your collective agreement.
Treasury board can waive the reduction factor for employees at least 55 years old who have been employed in the Federal Public Service for at least 10 years and who are not otherwise entitled to an immediate annuity.
In practice, departmental deputy heads and other designated officers are responsible granting waivers.
July 15, 2013
In the event of a divorce/separation or a permanent conclusion to a relationship of a conjugal nature, the superannuation benefit entitlements accrued by a PSSA participant during the course of a marriage or period of cohabitation in a relationship of a conjugal nature may be divided in accordance with the provisions of the Pension Benefits Division Act (PBDA).
July 15, 2013
In the event of the death of a PSSA contributor, the survivor and children become entitled to an immediate allowance.
Definition of « Survivor »
The PSSA defines survivor as: