![]() |
|||||||||||||
![]() | |||||||||||||
EmployeePensionerEmployerOnline ServicesFormsPublicationsBoard and CommitteesInvestment InformationDepartmentsServicesFrequently Asked QuestionsLocation and HoursLinksContactCareer OpportunitiesAbout Us
|
1930's | 1940's | 1950's | 1960's | 1970's | 1980's | 1990's | 2000's May 1, 1939 Employer's assumed cost of full pension rights for employee's permanent employment before May 1, 1939. Employee's rate of contribution from 4 1/2% to 7% of pensionable earnings based on sex and age at entry. Annual Lifetime Pension (the only pension available) based on 1/60th of average annual earnings of total pensionable employment. Maximum pension of 66 2/3% of average annual earnings of total pensionable employment. Employer matches employee's contributions. Five years contributory service required before eligible for refund. May 1, 1939 - March 30, 1957 May 1, 1939 - August 22, 1970 May 1, 1939 - April 1, 1960 Married women were classed as temporary or provisional employees. Furthermore, student attendants and pupil nurses were denied membership. There was a common practice of putting a new employee on temporary staff although in a permanent job. At one time, the rule was that after an employee had been employed for eight months without appointment to permanent staff, the department would be asked to either put employee on permanent staff then or provide a reason for continuing to employ on the temporary staff for a maximum of another eight months. Eight months and 16 months were therefore common periods of temporary employment before appointment to the permanent staff. January 1, 1946 April, 1946 June 30, 1948 March 31, 1949 April 1, 1950 April 22, 1950 April 1, 1953 August 3, 1954 March 30, 1957 April 1, 1958 Except for disability retirement, a retiring employee may select one of the optional pensions and has the option of having the pension integrated with the Old Age Security (OAS) Pension which, at this time, is payable at age 70. The pension selection deadline is a year before retirement. Two years of salaried employment not necessarily contributory to be eligible for refund. July 1, 1958 March 30, 1960 An employee who is granted educational leave of absence without salary, may have the leave counted as pensionable service by paying monthly to the Fund during the leave. The amount payable is equal to his own and the Government's contributions on the salary he was receiving immediately before the leave of absence or on the allowance he may receive from the Government during the absence. If he makes double contributions on the basis of salary he was receiving immediately before his leave, he will be credited with full service and salary. If he makes double contributions on the basis of the allowance paid to him by the Government during his leave, he will be credited with the same fraction of service and salary as the fraction that his allowance is of his salary. The contributions an employee makes in lieu of the Government's contributions will not be refunded to him in the event of his withdrawal from the Fund. No qualifying time eligible for refund. April 1, 1960 April 1, 1961 Annual Lifetime Pension based on 2% of average annual earnings of the last 15 years before retirement, multiplied by total pensionable employment. Maximum pension is 70% of average earnings of last 15 years. employer stops matching contributions and starts paying one-half of pension payments during employee's retirement. Monthly payments by Government to Fund
Establishment of an Investment Committee and related duties. Annual actuarial report - March 31, 1963 and every third year thereafter. August 27, 1964 January 1, 1965 Where the spouse of employee who dies after August 26, 1964 is the sole beneficiary, application may be made for spouse to receive, in place of the CSSF refund plus interest, a form of annuity suitable to his or her circumstances and acceptable to the CSSB. January 1, 1966 Note - it now takes more than 35 years to reach the 70% maximum pension, as the 2% used in the pension calculation is reduced to 1.4% on those earnings on which an employee contributed to CPP and therefore contributes less to the Fund. April 27, 1966 Every employee shall contribute to the Fund. Sec. 51(3) Calculation of allowance Sec. 26 (1) Retirement between December, 1965 and December, 1969 (Sec. 26 (5)) Limitation on allowance Sec. 33 (2) - shall not exceed 70% of average annual salary. May 4, 1967 Superannuation allowance to employee retiring at earlier age with 35 years service. January 1, 1968 May 25, 1968 Notice of Desire - employed in seasonal employment may at any time after becoming employed by the Government, give written notice to the CSSB that he desires to be an employee. If employed with Government for two years in seasonal employment shall be deemed an employee on the first day of April next following the calendar year in which he completes two years of service. Reinstatement - after leaving service returns within three years, within two years of returning employee makes an application (repays the Fund). The period during which the employee was out of service shall not be included in computing his length of service. Saving Clause - Where an employee left service and reentered before May 1, 1968, he may apply to reinstate before December 31, 1970 but not thereafter. Sec. 21(4) Employee loaned - Where an employee is loaned by employer and leave of absence is granted not exceeding two years, but may be extended for additional two years, employee within two months of the date of the loan may elect to continue as a contributor. On Loan to another Government, may contribute to Fund. Educational Leave - where employee is granted leave without salary and Government does not contribute to salary or pay an allowance, employee may elect to apply mutatis mutandis. Sec. 22 (9) Where, after June 30, 1951, and before September 1, 1959, a person who was 50 years be deemed to be an employee, the CSSB shall grant to him upon retirement a superannuation allowance. December 31, 1969 July 1, 1970 Early retirement pension reduction is lowered to 3% for each year an employee retires earlier than age 65. Interest at 3% accumulates on contributions, compounded annually from January 1, 1970 to December 31, 1972. Employee who has contributed for five or more years and who resigns or is dismissed is permitted to leave contributions in the Fund and retain the right to a pension subject to a reduction based on service. A partially disabled employee is permitted to receive the pension as one of the optional pensions and to have the pension integrated with the OAS Pension. Leave of Absence Sec. 21 (1.1) - does not apply to an employee who has been granted leave of absence from an employer to serve in an official position to which he has been elected or appointed in a labour union or employees organization. Proof of Age - Sec. 50 August 22, 1970 May 24, 1972 July 1, 1973 Qualifying period of employment for early or disability retirement is reduced to 10 years. Early retirement pension reduction of 3% a year (1/4 of 1% a month) is changed to apply to each year the employee retires before age 60 and is cancelled for employees who retire at age 60 or over. Employee's notice of early retirement is a minimum of two weeks. Authorized a pension equal to 60% of the employee's earned pension for a spouse or eligible children on the death of an employee at any age, who has at least 10 years of service. The CSSB can enter into a reciprocal agreement with any pension plan of a public sector employer for the transfer of an employee's pension rights to or from the Fund, if the employee has at least five years service. COLA adjustment in pension to be paid from July 1 in 1973, 1974 and 1975 to pensioners who retired before January 1 of the previous year. Interest at 3% accumulates on contributions compounded annually from January 1, 1973 to December 31, 1976. July 1, 1974 A cost-of-living increase to be applied to the deferred pensions of terminated employees. The increase will equal the accumulated annual percentage increase based on the Canadian Consumer Price Index for each complete year since the resignation that is paid to pensioners in those years. October 1, 1974 Retired members shall receive credit for their prior non-pensionable employment through the Postponed Account Method whereby the pension increase is deferred until the date the principal amount plus interest is recovered by the CSSB. June 3, 1976 Members of the CSSB paid out of pocket expenses Sec. 5(4.1) Power of CSSB to extend time limits. Sec. 5(6) CSSB may administer other pension plans Sec. 5(7) Reinstatement of service after application under Sec. 60 Refund of prior employment payment Sec. 40(2.1) Credit for unrefunded contributions Sec. 60(4.1) June 11, 1976 Additional authority to invest Sec. 9(7) Supplementary allowance in 1976 Sec. 32(3.4) War Service Sec. 33(1) July 1, 1976 Interest of 3% compounded annually will continue to be credited to each employee's account until December 31, 1977. Cost-of-living adjustment in pension to be paid from July 1, 1976 is continued until June 30, 1977 when it will again be reviewed. July, 1977 Exception for previously held investments Sec. 9(3) Trustee Act Investments Sec. 9(6) Authority for temporary borrowing Sec. 22(2) Superannuation Adjustment Account established. Sec. 13.1(1) Employee Contributions credited -10.2% of employees contributions under 17 (1) Superannuation adjustments charged - at end of each month, ½ of all adjustments paid Sec. 32.1 Interest on Superannuation Adjustment Account - Sec. 13.1(4) Rate of Interest Sec. 13.1(5) Transfer of Surplus Sec. 13.1(6) Deficiency payments Sec. 22(5) Superannuation adjustments Sec. 32.1(1) Partial superannuation adjustment Sec. 32.1(2) Calculation of Benefit Index Sec. 32.1(5) July 14, 1976 Order in Council
August, 1976 July 1, 1977 Early retirement pension reduction is lowered from 3% to 1½ % for each year (1/8 of 1% a month) that the employee retires before age 60. Continue crediting 3% interest compounded annually on contributions from January 1, 1978 to December 31, 1979. Contributions made to the Fund after July 1, 1976 are locked-in and will not be refunded to employees who terminate at age 45 or over and have 10 or more years of employment. July 2, 1977 July 20, 1978 Pensioners to receive a pension increase for World War II service, and/or Korean service retroactive to the later of July 1, 1976 for pensioners who were age 80 at that date, or the month following the pensioner's 80th birthday for pensioners who on July 1, 1976 were younger than age 80. Pensioners under age 80 shall receive credit for their war service through the Postponed Account Method whereby the pension increase is deferred until the earlier of age 80 or the date the principal amount plus interest is recovered by the CSSB. The CSSB to charge an employee's last employer where an employee had more than one employer during his membership in the Fund, for the matching employer contributions plus interest when an employee transfers pension credits to another out-of-province public sector pension plan and with whom there is a reciprocal agreement. The CSSB to refund to an employee's new employer an amount equal to employee contributions plus interest representing the matching employer contributions and interest where an employee transfers into Manitoba under reciprocal agreement. June 15, 1979 July 9, 1980 Employees are permitted to contribute and purchase as pensionable service the period during which they were receiving Workers' Compensation benefits for a temporary total disability. Continue crediting 3% interest compounded annually on contributions from January 1, 1981 to December 31, 1981. May 26, 1981 Continue crediting 3% interest compounded annually on contributions from January 1, 1982 to December 31, 1982. June 30, 1982 Continue crediting 3% interest compounded annually on contributions from January 1, 1983 to December 31, 1983. July 22, 1983 For employees age 55 and older, the Government eliminated the early retirement penalty, improved the formula used to calculate benefits by using an average salary based on the best six instead of the best seven of the last 12 years, and reduced the qualifying service for early retirement from 10 to two years for retirements from February 28, 1983 to June 30, 1983. The employers paid for 100% of the pension improvements that were in excess of regular CSSF benefits. August 18, 1983 January 1, 1984 Full-time employees hired after January 1, 1984 will be required to join the plan after not more than two years' service. No pension plan may have any OAS Pension offset or integration in the pension formula for service after December 31, 1983. Spouses' benefits - must be joint pension unless both sign waivers. Survivor pensions must not terminate in the event of remarriage. On marriage break up, the pension must be split. Sponsor of a pension plan with more than 20 members and not administered by a Board must establish an advisory committee if requested. Payments to terminated members who are eligible for cash refunds must be made within 90 days after the later of (a) the date of termination of employment, or Member accounts to be credited at a higher interest rate for contributions made subsequent to January 1, 1984. The method used to calculate the interest rate must be consistent from year to year and must be approved by the Superintendent of Pensions (See Sec. 2.3). Employees who terminate with five or more years of service can transfer the commuted value of the pension in respect of service after January 1, 1985 to a locked-in RRSP, the Registered Pension Plan with the new employer, or the CSSB Money Purchase Account. Employees who, at the time of retirement, have a spouse, must select a joint form of pension which, on the death of the pensioner, provides 2/3 of the pension to the spouse for life. This compulsory form of pension may be waived if both the employee and the spouse complete the spousal waiver form. Where there is a division of family assets on the break-up of a marriage or common-law relationship, pension benefits are divided equally based on the commuted value of the benefits accrued during the time the marriage or common-law relationship was in effect. Temporary suspension, leave of absence or lay-off, subject to a maximum of 52 weeks, count as continuity of employment, but are not used in calculating the amount of any benefit in respect of service after January 1, 1984. June 29, 1984 The discount or penalty for early retirement was reduced from 1 1/2% per year or 1/8 of 1% per month that an employee retires prior to age 60 to 3/4 of 1% per year of 1/16 of 1% per month effective August 1, 1984. The Employees' Superannuation Liaison Committee and the Government of Manitoba agreed, that in addition to the CSSB's normal 50% share of the cost of pension increases in respect of the reduced early retirement penalty effective August 1, 1984 that the CSSB forgive an account receivable from the Government of Manitoba in the amount of $2,070,100 and pay $2,404,967 to the Government of Manitoba and its agencies. December 31, 1984 January 1, 1985 Contributions made to the Fund after December 31, 1984 are locked-in and will not be refunded to employees who terminate with five or more years' service (two or more year's service after 1990). Where an employee having five or more years of service dies prior to the commencement of pension payments, a benefit of not less than the commuted value of the pension generated as a result of service after January 1, 1985 must be paid in the form of a lifetime pension to the spouse, or eligible children, or as a lump sum refund if there is no spouse or eligible children. Employer and employee must each pay 50% of the commuted value of an employee's pension benefits for service after January 1, 1985. If an employee's accumulated contributions exceed his share of the cost of the benefit, the excess is refunded to the employee or used to provide additional benefits. On the death of an employee or a deferred vested pensioner before pension payments commence, a benefit equal to the commuted value of the compulsory vested pension described above must be paid either in the form of a life annuity to the surviving spouse or a lump sum payment to the estate. Use of unisex tables in calculating pension options and mortality rates for benefits such as the commuted value of pension eliminates discrimination based on sex. A separate Money Purchase Accounts plan is established to accept transfers in from other employer pension plans for current employees or from the Fund for the spouse of an employee on marriage break-up, an employee on termination of employment or a terminating or retiring member's excess contributions in respect of the 50% test. The CSSB can sign a "Qualifying Service Agreement" with non-Government, private sector employer pension plans. This type of agreement allows the employee to use pension benefits as qualifying service to determine eligibility for all the pensionable service accrued under both plans. The CSSB may recognize as pensionable service the period of time an employee is in receipt of benefits from an employer sponsored Long-Term Disability Plan. March 30, 1985 September 1, 1986 Using pay in lieu of vacation as pensionable earnings - at retirement, an employee may only cash-out vacation credits equal to two years of normal vacation accruals, to a maximum of 50 vacation days. January 1990 January 1, 1990 March 1990 January 1, 1992 Pension benefits for service to December 31, 1991: the CSSB will continue to pay offside pension benefits earned for service prior to January 1, 1992. Pension benefits for current service commencing January 1, 1992: All pension benefits provided by the Fund as a registered pension plan will meet the requirements of the Income Tax Act (ITA) for service commencing January 1, 1992. Pension benefits for prior service applications dates November 1, 1992 or later: applicable ITA maximums will also apply to prior service purchased by members. Maximums are $1,722.22 for each year of prior service while a contributor or $1,150 for each year of prior service while not a contributor. Sub-section 63 (2.2) added provided deferred pensioners eligibility for window buy-back. Deferred members not eligible for regular Prior Non-Pensionable Employment (PNE). Section 28 1(a)(iii) - apply a minimum early retirement reduction for service prior to January 1, 1992. This reduction is equal to the lesser of 0.0625% for each month between the date of retirement and the date of attainment of age 60 and 0.25% for each month between the date of retirement and the date the rule of 80 or age 60 would have been attained. Bridging Benefit - is paid under the Act if a superannuation allowance commences before the employee or former employee is entitled to an unreduced allowance and the reduction in that allowance for service after December 31, 1991 is greater than it would have been prior to the changes to the Act. Bridging Benefits are subject to COLA. Window Buy-Back and Regular PNE CSSB will issue Revenue Canada T4A for onside pension benefits and a T4 for offside pension benefits. Purchase of Window Buy-Back and Regular PNE by instalment payments COLA account - there will be no credit to the COLA account for offside executive earnings as 100% of the offside benefit including COLA is paid for by the employer. Pensioner cannot be a contributing member. Member at maximum 70% pension. Funding of Rule of "80", Bridging and Window Buy-Back Benefits: Fund is responsible for 100% of pension increases for Rule of 80, Bridging and Window Buy-Back. June 24, 1992 July 1992 January 1993 June 1993 January 1994 November 1996 Employees may now contribute on Seasonal Leave, Employees may now contribute when an employee's work frequency reduces from full-time to less than full-time and who is eligible for retirement within five years, either under the "Rule of 80" or at age 60, can elect, before the reduction, to contribute on full-time service. Employees who are members of the Province of Manitoba's Corrections Component may retire as early as age 50 with no reduction for early retirement, providing their age and qualifying service totals 75 or more. All members of the Corrections Component will contribute an additional 1% starting November 19, 1996 to finance the earlier retirement option. The best five years of pensionable earnings during a member's career will be used to calculate pension benefits instead of the best five of the last 12 years of pensionable earnings. Where the lifetime pension calculated for December 31 of the year prior to retirement is higher than the lifetime pension calculated at retirement, the higher amount will be paid. The legislation requires each eligible employee fund the full benefit under items 1,2,3 and 4. December 2000 Employee contributions increased from 5.1% to 6% for pensionable earnings up to the CPP maximum. Contributions remain at 7% for pensionable earnings over the CPP maximum. Employees may purchase prior periods of non-pensionable service (excluding contract) and periods of leave or lay-off with an employer in the Fund. Maternity Leave is available to purchase at a reduced cost and includes a window period (until July 3, 2002) to purchase past Maternity Leave. Members who purchased Maternity Leave in the past will receive a refund of the difference between the old and new cost. Revised benefits information (brochures, prior service applications, and Benefits Statement) were distributed to all members. January 1, 2002 June 30, 2004
|
||||||||||||
This website is meant to summarize our available information, requirements, procedures and policies on a general basis only. All persons making use of this site are reminded that The Civil Service Superannuation Act and its Regulations should be consulted for specific legislative requirements. |