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Pensions Division |
Which pension plans are regulated by the Pensions
Division?
The
Pension Benefits Act, 1992 of Saskatchewan applies to all Saskatchewan members of
employer-sponsored pension plans, no matter where the plan is registered. However, some
plans not covered by the Act include:
- employees profit sharing plans, deferred profit sharing
plans, retiring allowances or ordinary (not locked-in) registered retirement savings
plans;
- federally-regulated pension plans, for example airlines,
railways, grain handlers, radio broadcasting stations and banks;
- pension plans for federal government employees, including
the RCMP and armed forces; and
- some pension plans created by legislation of the Government
of Saskatchewan for its own employees.
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