Public Service Superannuation Plan – Benefits Canada.com

N.S. legislation allowing private employers to transfer pensions into PSSP

Sadie Janes — Thu, 23 Nov 2023 14:00:16 +0000

Nova Scotia-based private employers can now transfer their pension plans into the Public Service Superannuation Plan. The Private Sector Pension Plan Transfer Act, which received royal assent on Nov. 9, provides all employers based in the province with the option of offering or continuing to offer a defined benefit pension plan with a prescribed funding […]

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Nova Scotia’s PSSP reports 98.5% funded status, halts indexing for five years

mschmit — Wed, 01 Jul 2020 03:42:05 +0000

Nova Scotia’s Public Service Superannuation Plan reported a 98.5 per cent funded status as of Dec. 31, 2019 and said it will halt cost-of-living adjustments for retirees for the next five years. According to the plan’s 2020 funded health review, its funding policy prohibits indexing when the PSSP’s funded status is below 100 per cent. […]

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