Who is covered by the Pensions Division?
The Pension Benefits Act, 1992 of Saskatchewan applies to all Saskatchewan members of employer-sponsored pension plans, no matter where the plan is registered. However, there are some important exceptions. Plans not covered by the Act include: • Employees profit sharing plans, deferred profit sharing plans, retiring allowances or ordinary (not locked-in) registered retirement savings plans. • Federally-regulated pension plans, for example airlines, railways, grain handlers, radio broadcasting stations and banks. • Pension plans for federal government employees, including the RCMP and armed forces. • Some pension plans created by legislation of the Government of Saskatchewan for its own employees.
