Language

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Government Will Amend Pension Regulations for City of Regina Pension Plan

Released on March 11, 2015

The Government of Saskatchewan has accepted recommendations brought forward by the Financial and Consumer Affairs Authority (FCAA) to amend pension regulations for the City of Regina pension plan.
 
These amendments, along with amendments being made to the City of Regina pension plan, will bring the plan into compliance with pension law and will result in a pension plan that is more affordable and sustainable.
 
“I would like to thank the FCAA staff for their hard work in reviewing this very complex issue,” Justice Minister and Attorney General Gordon Wyant said.  “I would also like to express my appreciation to the City of Regina and the Civic Pension and Benefits Committee for their perseverance in negotiating amendments to the pension plan.”
 
The proposed amendments to the regulations will include:
  • a longer period of time over which the unfunded liability in the plan can be paid off;
  • a removal of the requirement that solvency deficiencies in the plan have to be funded; and
  • a provision that contribution rates in the plan can’t be reduced until the unfunded liability established in the next actuarial valuation report is paid off or eliminated.
 The City of Regina and the Regina Civic Pension and Benefits Committee submitted a joint proposal regarding changes to the pension plan to FCAA in December 2014 for review.  The proposal was accepted and recommendations to proceed with amendments to the regulations were forwarded to the Government of Saskatchewan.

For more information about the City of Regina Pension Plan visit http://fcaa.gov.sk.ca/reginapension.

-30-

For more information, contact:

Linsay Rabyj
Justice
Regina
Phone: 306-787-0775
Email: linsay.rabyj@gov.sk.ca
Cell: 306-540-4945

We need your feedback to improve saskatchewan.ca. Help us improve