• fp-image5
  • fp-image8
  • fp-image6
  • fp-image3
  • fp-image4
  • fp-image7

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; anda 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 .


For more information, contact:

Linsay Rabyj
Phone: 306-787-0775
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Cell: 306-540-4945

Click here

About CUPE 3967

CUPE Local 3967 has the distinction of being the largest CUPE Health Care Local in Saskatchewan and has the largest Membership in Canada.

Read more

Latest Events

Tue Mar 17 @ 6:00PM - 09:00PM
Executive/General Membership Meeting
Sat Mar 21 @12:00AM
International Day for Elimination of Racism
Sun Mar 22 @12:00AM
World Water Day
Thu Apr 02 @12:00AM
Day of Pink
Fri Apr 03 @12:00AM
Good Friday
Sun Apr 05 @12:00AM
Easter Sunday
Tue Apr 14 @ 9:00AM - 04:00PM
Table officers Meeting
Wed Apr 22 @12:00AM
Earth Day
Sun Apr 26 @12:00AM
CLC/SFL - Spring School
Mon Apr 27 @12:00AM
CLC/SFL - Spring School