Public Service Pension Plan. The Employer shall participate in the Public Service Pension Plan (PSPP) and will comply with all obligations required under that Plan and the BC Pension Benefits Standards Act. The Employer has no obligation to its employees with respect to the Pension Plan other than to:
Public Service Pension Plan. (a) Effective December 16, 2012, the Company will participate in the Public Service Pension Plan (PSPP).
(b) Employees hired before December 16, 2012 will be able to opt out of the PSPP in accordance with the terms of the PSPP.
(c) Employees hired on or after December 16, 2012 will be enrolled in the PSPP in accordance with the terms of the PSPP.
(d) Employees can only terminate membership in the PSPP upon termination of employment with the Company.
(e) In order to help ensure that employees are equipped to make informed decisions with respect to retirement planning, the Pension Corporation offers “Thinking About Retirement” sessions. Information on those sessions will be posted for employees when provided by the Pension Corporation.
Public Service Pension Plan. The BCGEU agrees to make the appropriate employer contributions required under the Public Service Pension Plan on behalf of regular employees who are eligible for coverage and who become contributors to the said Public Service Pension Plan. Enrolment in the Public Service Pension Plan shall be as required by Public Service Pension Plan Rules.
Public Service Pension Plan. As soon as possible after ratification of the collective agreement, the Employer will apply to the Public Service Pension Board of Trustees to enrol in the Public Service Pension Plan and, subject to the approval of the Public Service Pension Board of Trustees, the following provisions will apply:
Public Service Pension Plan. (a) The Employer will provide the Public Service Pension Plan (PSPP) to all eligible employees. PSPP Rules will apply.
(b) For clarification, employees of record on September 1, 2018, who met the eligibility requirements of the PSPP, have the option of joining or not joining the PSPP. Eligible employees who initially elected not to join the PSPP on September 1, 2018, have the right to join the PSPP at any later date but will not be able to contribute or purchase service for the period waived.
(c) All eligible employees hired after September 1, 2018 will be enrolled in the PSPP in accordance with Plan Rules
Public Service Pension Plan.
41.1 All Continuous full-time or part-time Employees shall participate in the Public Service Pension Plan. SCHEDULE A 2 41,784 57,732 59,544 62,772 66,240 69,672 3,482 4,811 4,962 5,231 5,520 5,806 3 43,224 59,808 61,716 65,064 68,652 72,240 3,602 4,984 5,143 5,422 5,721 6,020 4 44,736 61,968 63,960 67,452 71,160 74,880 3,728 5,164 5,330 5,621 5,930 6,240 5 46,296 64,200 66,312 69,912 73,788 77,676 3,858 5,350 5,526 5,826 6,149 6,473 6 47,940 66,540 68,712 72,480 76,548 80,616 3,995 5,545 5,726 6,040 6,379 6,718 7 49,596 69,012 71,232 75,156 79,368 83,580 4,133 5,751 5,936 6,263 6,614 6,965 8 51,372 71,520 73,848 77,940 82,308 86,700 4,281 5,960 6,154 6,495 6,859 7,225 9 53,184 74,172 76,608 80,832 85,356 89,880 4,432 6,181 6,384 6,736 7,113 7,490 10 55,128 76,908 79,416 83,832 88,584 93,324 4,594 6,409 6,618 6,986 7,382 7,777 11 57,084 79,764 82,404 86,964 91,920 96,840 4,757 6,647 6,867 7,247 7,660 8,070 12 58,212 81,360 84,048 88,692 93,744 98,772 4,851 6,780 7,004 7,391 7,812 8,231 LSI 59,364 82,980 85,740 90,480 95,616 100,752 4,947 6,915 7,145 7,540 7,968 8,396 LSI is effective on January 1, 2009 to those Employees who have completed five (5) or more years of service at LSI and/or Step 12 and thereafter on the anniversary date of Employees on the completion of five (5) years of service at Step 12. The number of years of service at previous Step 11 will count towards the five year service requirement to move to LSI. 2 41,784 57,732 59,544 62,772 66,240 69,672 73,284 3,482 4,811 4,962 5,231 5,520 5,806 6,107 3 43,224 59,808 61,716 65,064 68,652 72,240 76,020 3,602 4,984 5,143 5,422 5,721 6,020 6,335 4 44,736 61,968 63,960 67,452 71,160 74,880 78,804 3,728 5,164 5,330 5,621 5,930 6,240 6,567 5 46,296 64,200 66,312 69,912 73,788 77,676 81,780 3,858 5,350 5,526 5,826 6,149 6,473 6,815 6 47,940 66,540 68,712 72,480 76,548 80,616 84,912 3,995 5,545 5,726 6,040 6,379 6,718 7,076 7 49,596 69,012 71,232 75,156 79,368 83,580 88,020 4,133 5,751 5,936 6,263 6,614 6,965 7,335 8 51,372 71,520 73,848 77,940 82,308 86,700 91,332 4,281 5,960 6,154 6,495 6,859 7,225 7,611 9 53,184 74,172 76,608 80,832 85,356 89,880 94,644 4,432 6,181 6,384 6,736 7,113 7,490 7,887 10 55,128 76,908 79,416 83,832 88,584 93,324 98,328 4,594 6,409 6,618 6,986 7,382 7,777 8,194 11 57,084 79,764 82,404 86,964 91,920 96,840 102,024 4,757 6,647 6,867 7,247 7,660 8,070 8,502 12 58,212 81,360 84,048 88,692 93,744 98,772 104,076 4,851 6,780 7,004 7,391 7,812 8,231 8,673 LSI 59,364 82,980 85,740...
Public Service Pension Plan. 51.01 The Employer shall provide participation in the Public Service Pension Plan (PSPP) in accordance with the regulations of the plan.
51.02 Participation for eligible employees will commence in accordance with the Plan.
Public Service Pension Plan. Employees who will have five (5) years of service by age sixty (60) will participate in the Public Service Pension Plan.
Public Service Pension Plan. The Employer will make application to the Public Service Pension Plan during 2017 to facilitate all employees' inclusion into the Public Service Pension Plan by January 1, 2018.
