Government of Saskatchewan
Thursday, December 05, 2019
Financial and Consumer Affairs Authority

The Pension Benefits Act, 1992 (Saskatchewan) (the “Act”) applies to all Saskatchewan members of employer-sponsored pension plans, no matter where the plan is registered. However, some 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; and
  • some pension plans created by legislation of the Government of Saskatchewan for its own employees.  

The federal government and all provinces in Canada, except Prince Edward Island, have pension benefits legislation. To simplify the administration of pension plans, the jurisdictions with pension legislation have agreed to allow a pension plan to be registered in the jurisdiction where most members are employed. Only about 490 of the almost 1,400 plans in Canada with plan members working in Saskatchewan are registered with the Pensions Division.

Benefit standards, such as vesting and survivor benefits, are set by the jurisdiction of employment. The regulator of the jurisdiction of registration enforces the laws of other provinces. If a person works in Saskatchewan, but the plan that person belongs to is registered elsewhere, you should ensure that you apply Saskatchewan law to that person's benefits, particularly on termination of employment and retirement.

See the related document below for more information on jurisdiction. 

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