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Volume 46, No. 26

B.C. Reg. 490/2003

The British Columbia Gazette,

Part II

December 31, 2003

B.C. Reg. 490/2003, deposited December 17, 2003, pursuant to the PUBLIC SECTOR PENSION PLANS ACT [Schedule A,

section 13 (1)]. Regulation of the College Pension Board, dated December 15, 2003.

The College Pension Board of Trustees orders that, effective January 1, 2004,

(

a) the College Pension Plan Regulation, B.C. Reg. 95/2000, is amended as set out in the attached

Schedule A, and

(

b) the College Pension Plan Post Retirement Group Benefit Regulation, set out in the attached

Schedule B, is made. — J. W. COOK, Chair, College Pension Board of Trustees.

Schedule A

1 Sections 11 (1) and (2) and 86 (1) of the College Pension Plan Regulation, B.C. Reg. 95/2000, are amended by striking out "section 5 (1)," and substituting "section 5 (1) or (1.1)".

2 Sections 11 (3) and 86 (2) are amended by striking out "section 6 (1)," and substituting "section 6 (1) or (1.1)".

3 Sections 21 (1), 24 (3), 25, 41 (9), 43, 46 (2), 52, 53 (1) (

b) and (2), 56 (1) (e), (4), (6), (7) and (9), 57, 58, 60 (3) (b), (4) (

a) and (5), 61, 62, 67, 69 (2) to (4) and (6), 70 (2), 73 (2) and (6), 75 (3) (

d) and (g), (4) (b), (

c) and (h), (6) and (7), 77 (1) and (2), 78, 79, 80 (1) (

a) to (

c) and (2), 81, 83 (1) (

a) and (b), 96 (1), in the

definitions of "certified copy" and "group disability plan", 99 (2) and 100 (3) and (4) are amended by striking out "plan administrator" wherever it appears and substituting "plan administrative agent".

Section 75 is amended

(

a) in subsection (3) (

a) by striking out "section 5 (1) (c)," and substituting "section 5 (1) (

c) or (1.1) (c),",

(

b) by repealing subsection (3) (

b) and substituting the following:

(

b) the employer's contributions made under

section 6 (1) (

c) or (1.1) (

c) less amounts allocated for the payment of group benefit entitlements under College Pension Plan Post Retirement Group Benefit Regulation, ,

(

c) in subsection (3) (

f) by striking out "section 5 (1) (c)" in both places and substituting "section 5 (1) (

c) or (1.1) (c)" and by striking out "section 6 (1) (c)," and substituting "section 6 (1) (

c) or (1.1) (c)",

(

d) in subsection (4) (

a) by striking out "sections 86 and 95," and substituting "section 86 and the College Pension Plan Post Retirement Group Benefit Regulation,",

(

e) in subsection (4) (

b) by striking out "section 6 (1) (

a) and (b)" and substituting "section 6 (1) (

a) and (

b) or (1.1) (

a) and (b)",

(

f) in subsection (4) (

c) by striking out "section 6 (1) (

a) and (b)" and substituting "section 6 (1) (

a) and (

b) or (1.1) (

a) and (b)" and by striking out "Parts 11 and 12," and substituting "Part 11 and the College Pension Plan Post Retirement Group Benefit Regulation,",

(

g) in subsection (4) (

g) by striking out "Part 12," and substituting "the College Pension Plan Post Retirement Group Benefit Regulation,", and

(

h) in subsection (4) (

h) by striking out "Parts 11 and 12." and substituting "Part 11 and the College Pension Plan Post-Retirement Group Benefit Regulation.".

Part 12 is repealed.

Section 96 (1) is amended by repealing the definition of "plan administrator" and substituting the following:

"plan administrative agent" means the British Columbia

Pension Corporation established under

section 5 of the Public Sector Pension

Plans Act ; .

Schedule B

COLLEGE PENSION PLAN POST RETIREMENT GROUP BENEFIT REGULATION

Contents

Post retirement group benefit rules

Definitions

Group benefits provided to retired plan members

Dental plan benefits

Extended health care plan benefits

Medical Services Plan premiums

[Section Not Used]

Payment from employer contribution

Insufficient monthly pension to cover monthly premiums

Post retirement group benefit

rules

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.]

Definitions

(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.

Group benefit program to be provided

to retired plan members

(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.

Dental plan premiums

(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.

Extended health care plan premiums

(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.

Medical Services Plan premiums

(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 fees or costs under subsection (1) must be funded by

(

a) the retired plan member's monthly contribution under subsection (3) or (4), and

(

b) the employer's contributions in accordance with

section 8, to the extent that the contributions under paragraph (

a) are less than the premiums required by the Medical Services Plan.

(3) A retired plan member must make the following monthly contribution, deducted from the member's pension, to the payment of the premium for Medical Services 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) 90% of the premium if the pensionable service of the member is 24 or more months and less than 48 months;

(c) 80% of the premium if the pensionable service of the member is 48 or more months and less than 72 months;

(d) 70% of the premium if the pensionable service of the member is 72 or more months and less than 96 months;

(e) 60% of the premium if the pensionable service of the member is 96 or more months and less than 120;

(f) 50% of the premium if the pensionable service of the member is 120 or more months.

(4) Despite subsection (3), if the retired plan member receives a pension on or before December 31, 1994, the member must make the monthly contribution to the payment of the premium that is the lesser of

(a) 50% of the premium, and

(

b) the amount payable under subsection (3).

Section not used

7 [

Section

Not Used ]

Payment from employer contributions

(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) Amounts under

section 6 that are required to be funded from employer contributions must be provided from employer contributions under

section 6 (1) (

a) and (

b) or (1.1) (

a) and (

b) 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 Medical Services Plan.

Insufficient month pension to

cover monthly premiums

(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

(3) or (4), 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.

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