What we do
- The Superannuation Sector is the primary office responsible for the administration of the pension plan for federal public service employees, the Public Service Superannuation Act (PSSA).
- We also provide administrative support to the underwriters responsible for several public service group benefit plans, Public Service Health Care Plan (PSHCP), the Public Service Management Insurance Plan (PSMIP), the Disability Insurance Plan (DI), the Post Retirement Life Insurance Plan (PRLIP), and the Pensionners Dental Services Plan (PDSP).
About the PSSA
- Part I - terms and conditions of the registered defined benefit pension plan to which virtually all federal public servants are required to contribute.
- Part II - terms and conditions of the legislated life insurance plan, the Supplementary Death Benefit (SDB) which is applicable to most contributors mentioned above under Part I.
Organizational Structure
The Superannuation, Pension Transition and Client Services Sector is divided into six(6) sections each containing sub-units. All sections are led by a Manager who works under the leadership of the Director General. These individuals form the senior management group which is referred to as the Senior Executive Committee (SEC). The majority of sub-units within the sections are led by a Chief who reports to a Manager. Employees in the sub-units report to a Team Leader, who in turn reports to a Chief.
Six (6) Sections:
- Centralization of Pension Service Delivery (COPSD);
- Program Service Delivery (PSD);
- Directorate Services (DS);
- Policy and Advisory Services Division (PASD);
- Performance Management & Transition Projects (PMTP);
- Human Resources (HR).
Facts and Figures
- Over 600 personnel located at four sites in Shediac, N.B.
- Over 281,000 active members to the pension plan
- Over 224,000 retired members from the pension plan
- Over 700,000 insurance accounts
- Handles over 632,000 pieces of mail annually
- Maintains approximately 560,000 files for active and retired members and their survivors
- Responsible for annual expenditures in excess of $4.5 billion from 5 public funds with balances exceeding $105 billion.
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