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FCAA Considering Regulatory Action on City of Regina Pension Plan

Released on July 18, 2014

Stakeholders of The Regina Civic Employees’ Superannuation and Benefit Plan have been notified that the Deputy Superintendent of Pensions is considering cancelling the pension plan’s registration because it is not in compliance with legislation.

The parties involved have not been able to negotiate a solution that would bring the plan into compliance with the legislation.  As a result, the Deputy Superintendent of Pensions of the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) is considering the unusual action of cancelling the plan’s registration, which would lead to its termination.

Stakeholders can make submissions regarding the cancellation of the plan’s registration.

Submissions must be sent in writing by November 30, 2014 to reginapension@gov.sk.ca.  During the month of December, stakeholders will be able to send written rebuttals regarding issues raised in the initial submissions.


FCAA regulates and adjudicates most financial services in Saskatchewan including: the credit union system, insurance, pensions, securities, trust and loans, payday loans, and mortgage brokers.  FCAA also supports fair trading in goods or services between consumers and businesses, whether the purchases are for personal, household or family use.

For more information, visit www.fcaa.gov.sk.ca/reginapension.

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For more information, contact:

Daniela Machuca
Financial and Consumer Affairs Authority of Saskatchewan
Regina
Phone: 306-798-4160
Email: daniela.machuca@gov.sk.ca

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