Government of Saskatchewan
Saturday, November 18, 2017
Financial and Consumer Affairs Authority

September 1, 2017 – Effective August 25, 2017, the government has amended The Pension Benefits Regulations, 1993 to introduce a new regulatory regime for certain pension plans and make other miscellaneous amendments.

July 13, 2017 – The Canadian Association of Pension Supervisory Authorities (CAPSA) has released the Consultation Paper on Proposed Changes to Funding and Asset Allocation Rules Under a Future Agreement Respecting Multi-Jurisdictional Pension Plans.

May 24, 2017 – The Financial and Consumer Affairs Authority has released a consultation paper regarding the proposed fee increase.  The consultation paper can be found via the attachment and link provided below.  Comments must be submitted to FCAA (contact information provided in the consultation paper) by June 30, 2017. 

April 1, 2017 - Effective March 31, 2017, the Government of Ontario has entered into the Multilateral Agreement Respecting Pooled Registered Pension Plans and Voluntary Retirement Savings Plans (the PRPP Agreement) with the Governments of Canada, Saskatchewan, Quebec, British Columbia and Nova Scotia.

March 3, 2017 – The following forms and guides have been updated:

  • Annual Information Return form and guide, and
  • Application for the Registration of a Pension Plan form and guide.

January 4, 2017The Unlocking Pension Money bulletin has been revised.  The purpose of the revision is to report the new unlocking limits based on the 2017 yearly maximum pensionable earnings.

November 4, 2016 – The Financial and Consumer Affairs Authority has released a consultation paper regarding the revised proposed regulatory regime for certain private sector negotiated cost pension plans (NCPPs).  The consultation paper can be found via the attachment and link provided below.  Comments must be submitted to Tami Dove, Senior Policy Analyst (contact information provided in the consultation paper) by December 15, 2016. 

June 27, 2016 - The Pooled Registered Pension Plans (Saskatchewan) Act and The Pooled Registered Pension Plans (Saskatchewan) Regulations came into force on May 1, 2016.  In addition, amendments were made to The Pension Benefits Act, 1992 and The Pension Benefits Regulations, 1993 effective May 1, 2016.

June 2, 2016 - Representatives of the governments of Saskatchewan, British Columbia, Nova Scotia, Ontario and Quebec have signed the 2016 Agreement Respecting Multi-Jurisdictional Pension Plans (the 2016 Agreement), which comes into effect for these jurisdictions on July 1, 2016.  The 2016 Agreement provides a clear legal framework for the administration and regulation of multi-jurisdictional pension plans. Plan Administrators must review their plan documents, administrative practices and member communication items to ensure compliance with The Pension Benefits Act, 1992 and requirements of the 2016 Agreement. 

May 3, 2016 – The Government has proclaimed The Pooled Registered Pension Plans (Saskatchewan) Act on May 1, 2016.  This proclamation brings into effect The Pooled Registered Pension Plans (Saskatchewan) Regulations and amendments to The Pension Benefits Act, 1992 and The Pension Benefits Regulations, 1993.

May 2, 2016 – The Financial and Consumer Affairs Authority has released a consultation paper regarding the proposed regulatory regime for certain private sector negotiated cost pension plans (NCPPs).  The consultation paper can be found via the attachment and link provided below.  Comments must be submitted to Tami Dove, Senior Policy Analyst (contact information provided in the consultation paper) by July 31, 2016.

March 3, 2016 -  On February 25, 2016 The Pooled Registered Pension Plans (Saskatchewan) Regulations and The Pension Benefits (Pooled Registered Pension Plans) Amendment Regulations, 2016 were passed.  The Regulations will come into force on proclamation of The Pooled Registered Pension Plans (Saskatchewan) Act.  A proclamation date for the Act has not been set.

January 5, 2016 - The government has amended The Pension Benefits Regulations, 1993 to introduce new funding rules for The City of Saskatoon Fire and Protective Services Department Superannuation Plan and The Retirement Plan for Employees of Saskatoon Board of Police Commissioners.

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.



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