As a defined contribution pension plan, the Casual Employees' Superannuation & Elected Officials' Money Purchase Pension Plan provides eligible members with a retirement income based on the accumulated total of member and employer contributions, plus the earnings associated with those contributions.
Some of the benefits of belonging to the Plan include:
- an individual account credited with the member's contributions and those paid by the
City on behalf of the member, together with interest;
- termination benefits; and
- survivor benefits.
The Plan represents City of Regina casual employees who are members of the Collective Agreement between the City of Regina and the Canadian Union of Public Employees, Local No. 21, and Elected Officals of the City of Regina.
The administration of benefits for this Plan is performed by Industrial Alliance Insurance and Financial Services Inc. If you have questions regarding your pension, please contact them.
Plan membership includes active members who are still working and contributing to the Plan, and inactive members who are no longer contributing to the Plan but are entitled to receive benefits upon retirement.
Assets of the Plan are actively managed in accordance with the Statement of Investment Policies and Procedures.
Asset Class Allocation at December 31, 2020: