Copyright © Queen's Printer,

Victoria, British Columbia, Canada

Licence

Disclaimer

Volume 48, No. 12

B.C. Reg. 220/2005

The British Columbia Gazette,

Part II

June 14, 2005

B.C. Reg. 220/2005, deposited June 3, 2005, pursuant to the PUBLIC SECTOR PENSION PLANS ACT [Schedule A,

Section 13]. Regulation of the College Pension Board of Trustees, dated June 1, 2005.

The College Pension Board of Trustees orders that the College Pension Plan Regulation, B.C. Reg. 95/2000, is amended

(

a) effective June 1, 2005, as set out in sections 1, 3, 5 and 6 of the attached Schedule,

(

b) effective April 1, 2007, as set out in sections 2, 4 and 7 of the attached Schedule, and

(

c) effective September 1, 2005, as set out in sections 8 and 9 of the attached Schedule.

— J. W. COOK, Chair, College Pension Board of Trustees.

Schedule

1 Sections 9 (3) (a), 19 (6) (a), 21 (3) (a), 24 (6) (

a) and 27 (

a) of the College Pension Plan Regulation, B.C. Reg. 95/2000, are amended by striking out "February 28, 2007," and substituting "March 31, 2007,".

Section 20 (5) is amended by striking out "sections 21 to 24" and substituting "section 21".

Section 21 (1) is amended by striking out "Subject to

section 23, if" and substituting "If".

Section 24 is repealed.

Section 56 (1) (

d) and (2.1) is amended by striking out "temporary life annuity" and substituting "temporary annuity".

Section 73 (3) is repealed and the following substituted:

(3) The portion of a member's pension eligible for adjustment is the total amount of the pension, including any previous cost of living benefits, less the sum of

(

a) any pension provided to the member under sections 54 (5), 55 (6), 63 (3) and 69 (8), and

(

b) any pension provided to the member as a temporary annuity under

section 56 (1) (d), if the member began receiving a pension provided as a temporary annuity before January 1, 2006.

Section 75 (3) is amended

(

a) in paragraph (

f) by striking out "24 or", and

(

b) in paragraph (

g) by striking out "24,".

Section 78 is amended by adding the following subsection:

(4) Without limiting subsections (1) to (3), the plan administrative agent may require a member or an employer, or both, to provide evidence, including evidence by way of affidavit or declaration, that, at the time of cessation by the member of employment with the employer, the employer and the member or the member's bargaining agent, on behalf of the member, have not made an agreement

(

a) for the member to resume employment with the employer, or

(

b) establishing a right for the member to resume employment with the employer.

Section 96 (1) is amended

(

a) by repealing the definition of "employer" and substituting the following:

"employer" means any of the employers described in

section 2; ,

(

b) in the definition of "retired member" by repealing paragraphs (

a) and (

b) and substituting the following:

(

a) was an active or inactive member,

(

b) has terminated employment, and

(

c) is receiving a pension from the pension fund, , and

(

c) by repealing the

definitions of "termination of employment"

and "terminated employment" and substituting the following:

"termination of employment" or "terminated employment" means,

(

a) subject to paragraph (b), the cessation by a member of employment with an employer, or

(

b) if a member is entitled to receive benefits from a group disability plan, the cessation of the member's entitlement to benefits from the group disability plan unless the member resumes employment with an employer,

but does not include cessation of employment by the member if, at the time of cessation of employment, the employer and the member or the member's bargaining agent, on behalf of the member, have made an agreement

(

c) for the member to resume employment with the employer, or

(

d) establishing a right for the member to resume employment with the employer; .

Copyright © 2005: Queen's Printer, Victoria, British Columbia, Canada