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The Public Employees Pension Plan Regulations, 2015

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The Public Employees Pension Plan Regulations, 2015 THE SASKATCHEWAN GAZETTE, JUNE 5, 2015 577 PUBLISHED WEEKLYThe BY AUTHORITY Saskatchewan OF THE QUEEN’S PRINTER/PUBLIÉE CHAQUE SEMAINE SOUSGazette L’AUTORITÉ DE L’IMPRIMEUR DE LA REINE PART II/PARTIE II Volume 111 REGINA, FRIDAY, JUNE 5, 2015/REGINA, VENDREDI, 5 JUIN 2015 No.23 /nº 23 PART II/PARTIE II REVISED REGULATIONS OF SASKATCHEWAN/ RÈGLEMENTS RÉVISÉS DE LA SASKATCHEWAN TABLE OF CONTENTS/TABLE DES MATIÈRES P-36.2 REG 2 The Public Employees Pension Plan Regulations, 2015 .............. 579 SR 52/2015 The Personal Care Home Benefit Amendment Regulations, 2015 ...................................................................... 598 SR 53/2015 The Seniors Income Plan Amendment Regulations, 2015 ...................................................................... 599 SR 54/2015 The Coroners Amendment Regulations, 2015 .............................. 600 SR 55/2015 The Victims of Domestic Violence Amendment Regulations, 2015 ...................................................................... 603 578 RevisedTHE Regulations SASKATCHEWAN ofGAZETTE, Saskatchewan JUNE 5, 2015 2015/ Règlements Révisés de la Saskatchewan 2015 May 8, 2015 The Auctioneers Amendment Regulations, 2015 ........................................................................ SR 36/2015 The Cemeteries Amendment Regulations, 2015 .......................................................................... SR 37/2015 The Charitable Fund-raising Businesses Amendment Regulations, 2015 ................................ SR 38/2015 The Credit Reporting Amendment Regulations, 2015 ................................................................ SR 39/2015 The Direct Sellers Amendment Regulations, 2015 ..................................................................... SR 40/2015 The Pension Benefits Amendment Regulations, 2015................................................................. SR 41/2015 The Public Safety Answering Point Amendment Regulations, 2015 ......................................... SR 42/2015 The Securities Commission (Adoption of National Instruments) Amendment Regulations, 2015 (No. 3) ......................................................................................................... SR 43/2015 May 15, 2015 The Automobile Accident Insurance (General) Amendment Regulations, 2015 ........................ SR 44/2015 The Driver Licensing and Suspension Amendment Regulations, 2015 (No. 2)......................... SR 45/2015 The Public Service Amendment Regulations, 2015 .................................................................... SR 46/2015 The Mental Health Services Amendment Regulations, 2015 ..................................................... SR 47/2015 The 2013 Farm and Ranch Water Infrastructure Program Amendment Regulations, 2015 ..................................................................................................................... SR 48/2015 The Wildlife Habitat and Ecological Lands Designation Amendment Regulations, 2015 (No. 3) ......................................................................................................... SR 49/2015 May 22, 2015 The Child Care Regulations, 2015 /Règlement de 2015 sur les garderies d’enfants ................. C-7.31 Reg 1/ C-7.31 Régl. 1 The Railway Line (Short Line) Financial Assistance Amendment Regulations, 2015 SR 50/2015 May 29, 2015 Apprenticeship and Trade Certification Commission Amendment Regulations, 2015 ............ SR 51/2015 June 5, 2015 The Public Employees Pension Plan Regulations, 2015 ............................................................. P-36.2 Reg 2 The Personal Care Home Benefit Amendment Regulations, 2015 ............................................. SR 52/2015 The Seniors Income Plan Amendment Regulations, 2015 ......................................................... SR 53/2015 The Coroners Amendment Regulations, 2015 ............................................................................. SR 54/2015 The Victims of Domestic Violence Amendment Regulations, 2015 ............................................ SR 55/2015 THE SASKATCHEWANTHE SASKATCHEWAN GAZETTE, JUNE GAZETTE, 5, 2015 JANUARY 18, 200219579 THE SASKATCHEWAN GAZETTE, JUNE 5, 2015 579 REVISED REGULATIONS OF SASKATCHEWAN CHAPTER P-36.2 REG 2 The Public Employees Pension Plan Act Section 26 Order in Council 281/2015, dated May 27, 2015 (Filed May 28, 2015) Title 1 These regulations may be cited as The Public Employees Pension Plan Regulations, 2015. Interpretation 2(1) In these regulations: “Act” means The Public Employees Pension Plan Act; “locked-in retirement account” means a locked-in retirement account contract as defined in section 29 of The Pension Benefits Regulations, 1993; “registered retirement savings plan” means a registered retirement savings plan as defined in section 146 of the Income Tax Act (Canada); “Table” means a Table set out in the Appendix; “year’s maximum pensionable earnings” means the Year’s Maximum Pensionable Earnings as defined in the Canada Pension Plan. (2) For the purposes of clause 2(l) of the Act, “bonus” does not include a lump sum payment that is payable by a participating employer to a member pursuant to a collective bargaining agreement that provides that the lump sum payment is not pensionable. (3) For the purposes of clause 13(2)(a) of the Act, “sickness or disability”, in relation to a member, means suffering from a physical or mental impairment that prevents the member from performing the duties of the employment in which the member was engaged before the commencement of the impairment. (4) For the purposes of the Act and in these regulations, “employee” includes a senior justice of the peace appointed pursuant to The Justices of the Peace Act, 1988. Designation of participating employers and employees 3(1) For the purposes of subsection 10(1) of the Act: (a) the employers listed in column 2 of Table 1 are designated as participating employers; and (b) the employees or categories of employees listed in column 3 of Table 1 opposite a participating employer are designated as employees of that participating employer who are entitled to be members of the plan. 580 THE SASKATCHEWAN GAZETTE, JUNE 5, 2015 (2) Subsection 10(4) of the Act does not apply to an employee who, at the time the employee becomes a member of the plan, is: (a) making contributions pursuant to a superannuation Act within the meaning of The Superannuation (Supplementary Provisions) Act; and (b) designated as an employee who is entitled to be a member of the plan pursuant to clause (c) or (d) in column 3 of item 4 of Table 1. Application of The Superannuation (Supplementary Provisions) Act 4 For the purposes of subsection 10(4) of the Act, section 47.5 of The Superannuation (Supplementary Provisions) Act applies to members of the plan. Voluntary contributions 5(1) If the amount standing to the credit of a member is vested pursuant to section 18 of the Act, the member may make voluntary contributions in any of the following ways: (a) by lump sum transfer from a registered retirement savings plan or from a locked-in retirement account; (b) by payroll deduction; (c) by transfer from a pension plan pursuant to section 15 of the Act. (2) If the amount standing to the credit of a member is not vested pursuant to section 18 of the Act, the member may apply to the board to make voluntary contributions in any manner that the board specifies. Contributions re leave of absence 6(1) A member described in subsection 14(1) of the Act may make contributions to the plan on returning to work after a leave of absence in any of the following ways: (a) by lump sum transfer from a registered retirement savings plan or from a locked-in retirement account; (b) by lump sum payment by personal cheque; (c) by payroll deduction for a period equal to the period of leave or for a period agreed on by the board. (2) A lump sum transfer, a lump sum payment or the first payment by payroll deduction pursuant to subsection (1) must be made not later than 90 days after the member returns to work. Contributions re disability income plan benefits 7 A member described in subsection 14(2) of the Act shall remit the contributions required by that subsection to the board not later than the fifteenth day of the month that follows the month with respect to which the contributions are made. Transfers to plan 8(1) Any amount transferred to the plan pursuant to section 15 of the Act that is locked in immediately before the transfer remains locked in. (2) Any amount transferred to the plan pursuant to section 16 of the Act is locked in. THE SASKATCHEWAN GAZETTE, JUNE 5, 2015 581 Small benefits 9 The board may pay to a person entitled to a pension benefit an amount equal to the amount standing to the credit of a member if the amount standing to the credit of the member does not exceed the maximum amount determined pursuant to subsection 39(1) of The Pension Benefits Act, 1992. Prescribed pension benefits 10(1) Subject to subsection (2), for the purposes of clause 5(e.1) of the Act, a variable benefit that meets the requirements of section 11 is a prescribed pension benefit that the board may provide. (2) For the purposes of clause 5(e.1) and subsection 20(4.1) of the Act, a board-elected variable benefit that meets the requirements of sections 11 and 12 is a prescribed pension benefit that the board may provide. Variable benefits 11(1) In this section: “variable benefit” means a pension benefit that: (a) is payable from a variable benefit account to a member or to the specified beneficiary of a deceased
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