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| B.C. Reg. 490/2003 College Pension Board of Trustees |
Deposited December 17, 2003 effective January 1, 2003 |
| 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
[includes amendments up to B.C. 48/2004]
Contents
1 This regulation of the College Pension Board of Trustees constitutes the post retirement group benefit rules of the College Pension Plan.
[Note: Sections of this regulation that are identical or similar to, or that correspond to, the post retirement group benefit rules made for the Public Service Pension Plan, the Municipal Pension Plan, and the Teachers' Pension Plan under the Act are given identical section numbering to the rules of those other group benefit plans, even though this means breaking the normal sequential section numbering system of this regulation.]
2 (1) In this regulation:
"dental plan" means the portion of the Dental Plan Contract, Index 7901, Pool 075, carried by Pacific Blue Cross that relates to retired plan members as continued under Part 1.2 of Schedule A of the Public Sector Pension Plans Act, as amended from time to time;
"dependent", in respect of the dental plan, the extended health care plan or the Medical Services Plan, means the dependent or spouse, as those terms are defined in the respective plan, of the retired plan member;
"extended health care plan" means the Extended Health Care Plan Contract, Index 7901, Pool 575, carried by Pacific Blue Cross that relates to retired plan members as continued under Part 1.2 of Schedule A of the Public Sector Pension Plans Act, as amended from time to time;
"Medical Services Plan" means the Medical Services Plan continued under the Medicare Protection Act, Group 6001135;
"pensionable service of the member" means, if the retired plan member is a person receiving a pension following the death of a plan member, the pensionable service of the deceased plan member;
"retired plan member" has the same meaning as in section 16.2 of Schedule A of the Public Sector Pension Plans Act.
(2) The definitions in Part 13 of the College Pension Plan Regulation, except where a contrary definition is set out in this regulation, apply to this regulation.
3 (1) The program of post retirement group benefits for retired plan members and their dependents are those set out in the following:
(a) the dental plan;
(b) the extended health care plan;
(c) the Medical Services Plan.
(2) The terms and conditions under which the group benefits may be provided to retired plan members and their dependants are as set out in each plan referred to in subsection (1).
4 (1) The plan administrative agent must pay to the dental plan carrier the fees or costs required by the contract for dental care, if a retired plan member
(a) applies for and is enrolled in, or continues to be enrolled in, the dental plan,
(b) commences to receive or is in receipt of a pension, the amount of which is sufficient to pay for the portion of the monthly dental plan premium which the member is required to pay, and
(c) elects or has elected, in writing to the plan administrative agent, to have the member's monthly contribution to the payment of the premium deducted from the member's pension and remitted to the dental plan.
(2) The payment of fees or costs under subsection (1) must be funded by
(a) the retired plan member's monthly contribution under subsection (3), and
(b) the employer's contributions in accordance with section 8, to the extent that the contributions under paragraph (a) are less than the fees or costs required by the contract for dental care.
(3) A retired plan member must make the following monthly contribution, deducted from the member's pension, to the payment of the monthly premium for dental plan coverage of the member and for any coverage of the member's dependent:
(a) 100% of the premium if the pensionable service of the member is less than 24 months;
(b) 80% of the premium if the pensionable service of the member is 24 or more months and less than 48 months;
(c) 60% of the premium if the pensionable service of the member is 48 or more months and less than 72 months;
(d) 40% of the premium if the pensionable service of the member is 72 or more months and less than 96 months;
(e) 20% of the premium if the pensionable service of the member is 96 or more months and less than 120 months;
(f) 0% of the premium if the pensionable service of the member is 120 or more months.
5 (1) The plan administrative agent must pay to the extended health care plan carrier the fees or costs required by the contract for extended health care, if a retired plan member
(a) applies for and is enrolled in, or continues to be enrolled in, the extended health care plan,
(b) commences to receive or is in receipt of a pension, the amount of which is sufficient to pay for the portion of the monthly extended health care plan premium which the member is required to pay, and
(c) elects or has elected, in writing to the plan administrative agent, to have the member's monthly contribution to the payment of the premium deducted from the member's pension and remitted to the extended health care plan.
(2) The payment of fees or costs under subsection (1) must be funded by
(a) the retired plan member's monthly contribution under subsection (3), and
(b) the employer's contributions in accordance with section 8, to the extent that the contributions under paragraph (a) are less than the fees or costs required by the contract for extended health care.
(3) A retired plan member must make the following monthly contribution, deducted from the member's pension, to the payment of the premium for extended health care plan coverage of the member and for any coverage of the member's dependent:
(a) 100% of the premium if the pensionable service of the member is less than 24 months;
(b) 80% of the premium if the pensionable service of the member is 24 or more months and less than 48 months;
(c) 60% of the premium if the pensionable service of the member is 48 or more months and less than 72 months;
(d) 40% of the premium if the pensionable service of the member is 72 or more months and less than 96 months;
(e) 20% of the premium if the pensionable service of the member is 96 or more months and less than 120 months;
(f) 0% of the premium if the pensionable service of the member is 120 or more months.
6 (1) The plan administrative agent must pay to the Medical Services Plan the premiums required by the Medical Services Plan, if a retired plan member
(a) is or becomes a subscriber to the Medical Services Plan,
(b) commences to receive or is in receipt of a pension, the amount of which is sufficient to pay for the portion of the monthly Medical Services Plan premium which the member is required to pay, and
(c) elects or has elected, in writing to the plan administrative agent, to have the member's monthly contribution to the payment of the premium deducted from the member's pension and remitted to the Medical Services Plan.
(2) The payment of premium under subsection (1) must be funded by deducting from the retired plan member's pension a monthly contribution of 100% of the premium.
(3) and (4) Repealed. [B.C. Reg. 48/2004, s. 1.]
[am. B.C. Reg. 48/2004, s. 1.]
7 [SECTION NOT USED]
8 (1) Amounts under sections 4 and 5 that are required to be funded from employer contributions must be provided from employer contributions under section 6 (1) (c) or (1.1) (c) of the College Pension Plan Regulation, allocated to the supplement benefits account described in section 75 (4) of that regulation and then paid to the applicable carrier.
(2) Repealed. [B.C. Reg. 48/2004, s. 2.]
[am. B.C. Reg. 48/2004, s. 2.]
9 (1) If the retired plan member's monthly pension payment does not continue to be sufficient to pay for the individual or aggregate portions of the monthly premiums required under sections 4 (3), 5 (3) and 6 (2), the plan administrative agent may cancel the retired plan member's or dependent's coverage under one or more of the plans as of the date determined by the plan administrative agent.
(2) Before canceling coverage under subsection (1), the plan administrative agent must give the retired plan member 30 days written notice of the intention to cancel coverage and the options available to the retired plan member, if any, that would allow the retired plan member to retain coverage under one or more of the plans.
[am. B.C. Reg. 48/2004, s. 3.]
[Provisions of the Public Sector Pension Plans Act, S.B.C. 1996, c. 44, relevant to the enactment of this regulation: Schedule A, section 13]
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