AI-assisted research summary: This regulation sets rules for buying prior pensionable service, including payment amounts, interest, cancellation, and repeal of an older regulation.
Prior Pensionable Employment Regulation, M.R. 146/98 The Civil Service Superannuation Act , C.C.S.M. c. C120 Regulation 146/98 Registered August 17, 1998 bilingual version (HTML) Definitions 1 In this regulation, "Act" means The Civil Service Superannuation Act ; («  Loi  ») "agreement" means an agreement to make payments to acquire a credit of service under section 63 of the Act, evidenced by an application and confirmation of the application; (« convention ») "board" means The Civil Service Superannuation Board appointed under the Act; (« Régie ») "contributor" means an employee who has agreed to make payments to acquire a credit of service under section 63 of the Act; (« cotisant ») "instalment" means an instalment made for the purpose of acquiring a credit of service under section 63 of the Act; (« versement périodique ») "payment" means a payment made to acquire a credit of service under section 63 of the Act. (« paiement ») Retroactive pay increases ignored 2 In determining the salary at date of application, retroactive pay increases authorized after the date of application shall be ignored. Amount of instalment 3 The instalment paid under an agreement shall be the greater of (a) a minimum of four percent of regular salary for the period of the instalment at date of commencement of payments; or (b) a bi-weekly amount that will offset the amount payable in a period not exceeding two times the number of years or portion thereof, of non-pensionable employment to be purchased. Payment of instalments 4(1) A contributor who has agreed to pay instalments may prepay all or a part of any amount to be paid by instalments but any instalments remaining to be paid after the prepayment shall comply with section 3. 4(2) A contributor may amend his or her payment plan at any time to provide for payment of the remaining instalments by a lump sum or by varying instalments, or any combination of both a lump sum and varied instalments, but shall comply with section 3. Cancellation on resignation or dismissal 5 Where the contributor resigns or is dismissed and is not eligible to receive a pension immediately following termination of employment, the agreement is cancelled 30 days after the date the board notifies the contributor in writing of the cancellation unless prior to the date of cancellation the contributor makes a lump sum payment of the balance owing under the agreement. Accrual of interest 6 Interest on all payments shall accrue from a date one month after the date of the board's letter in which the board first indicates the amount payable to acquire the additional service for which the application is made and interest shall be considered as part of the contributor's contribution to the fund. Calculation of interest 7 Interest will be calculated on the amount outstanding from time to time, and will be compounded annually at the rate calculated in accordance with subsection 63(8) of the Act. Arrears 8 Where any payment or instalment is more than 60 days in arrears the board shall cancel the agreement. Contributor may cancel 9 A contributor may cancel the agreement at any time. Repeal 10 Manitoba Regulation 200/75 is repealed.