Civil Service Superannuation Fund. The parties to this Collective Agreement hereby agree to the following:
Civil Service Superannuation Fund. The proposed superannuation contribution rate increase as per legislation under the Manitoba Superannuation Pension Act is as follows: July 1, 2012 .50% (point five percent increase) January 1, 2013 .50% (point five percent increase) January 1, 2014 .50% (point five percent increase) January 1, 2015 .50% (point five percent increase) The employees covered by this Collective Agreement will increase his/her contribution for Superannuation (Pension) by an amount equal to the Employer contributions on the dates as shown above. The Employer is the sponsor of a closed defined contribution plan with Great-West Life Assurance and is an Employer to which the Civil Service Superannuation Act (the "Act") applies and participates in a defined benefit plan under the Act. All new employees covered by this Agreement shall participate in the Civil Service Superannuation Fund (the "Fund") according to the eligibility and contribution rates set out in the Act. In the event that the Employer is no longer an Employer to which the Act (or any successor legislation) applies, then the pension benefits accrued to that date, for those employees covered by this Agreement and who were participating in the Fund as at that date, shall remain in the Fund. Further, in the event that the employees covered by this Agreement are no longer eligible to continue participating in the Fund, the Employer will provide a pension plan with terms and benefits that are comparable in the aggregate with those offered by the Fund.
Civil Service Superannuation Fund. 61:01 All employees covered by this Agreement will participate in the Civil Service Superannuation Fund.
