Public Sector Pension Plans Act -- PUBLIC SERVICE PENSION PLAN TRANSITIONAL REGULATION

B.C. Reg. 248/2000
O.C. 998/2000

Deposited July 7, 2000

This archived regulation consolidation is current to April 1, 2005 and includes changes enacted and in force by that date. For the most current information, click here.

Public Sector Pension Plans Act

PUBLIC SERVICE PENSION PLAN
TRANSITIONAL REGULATION

Definitions

1 In this regulation:

"Act" means the Public Sector Pension Plans Act, S.B.C. 1999, c. 44;

"chief executive officer" means the chief executive officer of the British Columbia Pension Corporation;

"former Act" means the Pension (Public Service) Act, R.S.B.C. 1996, c. 356;

"former board" means the Municipal Pension Board continued under section 39 of the former Act;

"new board" means the Municipal Pension Board established under section 3 of Schedule C to the Public Sector Pension Plans Act, S.B.C. 1999, c. 44.

Appeals begun under the former Act

2 (1) An appeal received before April 1, 2000 but not dealt with by the former board under section 54 of the former Act is to be continued before the new board as if made under section 7 of Schedule C to the Act, and the provisions of the former Act continue to apply to the appeal despite the repeal of the former Act.

(2) If an appeal made before April 1, 2000 was dealt with by the former board under section 54 of the former Act but no decision was made, the appeal is to be treated for all purposes as a new appeal before the new board as if made under section 7 of Schedule C to the Act, and the provisions of the former Act continue to apply to the appeal despite the repeal of the former Act.

Purchase of service under the former Act

3 Despite section 25 of B.C. Reg. 114/2000, the Public Service Pension Plan Regulation, the new board may, in respect of an application made before April 1, 2000 to purchase service under section 65 (5) of the former Act but not dealt with by the former board, grant recognition as pensionable service to all or part of the service of a plan member as an employee of any employer, whether or not the employer is an employer to whom the former Act applied, but the plan member and the plan member's most recent employer to whom the former Act applied must contribute to the pension fund additional sums specified by the new board in accordance with the rules in effect on March 31, 2000 under the former Act.

Determination by chief executive officer

4 For the purpose of section 32 of the former Act, any amount payable may be dealt with for the benefit of the plan member, his or her nominee or the spouse or children of the plan member in a manner the chief executive officer determines.

[Provisions of the Public Sector Pension Plans Act, S.B.C. 1999, c. 44, relevant to the enactment of this regulation: section 22 of Schedule C]