Forward Regulatory Plan: 2021 to 2023: Amending Operational Service provisions under the Public Service Superannuation Regulations (New)

Title or working title of regulatory initiative

Amending Operational Service provisions under the Public Service Superannuation Regulations

Enabling act(s)

Description

The Jobs and Growth Act, 2012, implemented legislative changes to the public service pension plan. These changes included the implementation of a 50/50 employer/employee cost-sharing ratio and, for new members (Group 2) joining the plan on or after January 1, 2013, an increase of five years in retirement age thresholds, including those for early retirement eligibility.

Several consequential regulatory amendments are required to the Operational Service Provisions under the Public Service Superannuation Regulations to incorporate the Group 2 provisions under the Public Service Superannuation Act.

Key objective(s)

To align the operational service provisions under the Public Service Superannuation Regulations with legislative amendments introduced via the the Jobs and Growth Act, 2012.

Regulatory cooperation efforts (domestic and international)

Regulatory cooperation is not required as this initiative is internal to the management of the public service pension plan.

Potential impacts on Canadians, including businesses

There are no expected impacts on Canadians, including businesses, as this issue is internal to the management of the public service pension plan.

Consultations

Consultations have been initiated with the Public Service Pension Advisory Committee, comprised of employer, employee and retiree representatives.

Public consultations are not applicable as this issue is internal to the management of the public service pension plan and seeks alignment with legislation applicable to all Canadian employers and employees.

Links to additional information

Departmental contact information

Deborah Elder
Senior Director, Pensions and Benefits Sector
Office of the Chief Human Resources Officer
343-996-8639
Deborah.Elder@tbs-sct.gc.ca

For more information

Consult the Treasury Board of Canada Secretariat’s acts and regulations web page for:

a list of acts and regulations administered by the Treasury Board of Canada Secretariat
further information on the Treasury Board of Canada Secretariat’s implementation of government-wide regulatory management initiatives

Consult the following for links to the Cabinet Directive on Regulation and supporting policies and guidance, and for information on government-wide regulatory initiatives implemented by departments and agencies across the Government of Canada:

To learn about upcoming or ongoing consultations on proposed federal regulations, visit:

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