Public Sector Employers' Council
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Policies
Compensation Guidelines and Mandates
Pension Oversight
Public Sector Employers' Council is active in the area of public sector pension plan management. PSEC represents Government in its role as a "partner" under the joint trust arrangements established for the Public Service Pension Plan, the Municipal Pension Plan, the Teachers' Pension Plan, and the College Pension Plan. PSEC monitors and manages Government's risk exposure with respect to the public sector pension plans, and provides pension policy advice to Government and to public sector employers.
For information on the respective pension plans, including Annual Reports which have been tabled in the Legislature go to: http://www.pensionsbc.ca.
Crown Corporation Membership
In May 2006 the Public Sector Employers Act (the Act) was amended to link government policy to the Act and to streamline the management of membership related to Crown agencies and their subsidiaries. The amendments, which came into force June 2007, clarify that where a parent Crown agency is covered by the Act, any wholly owned subsidiaries of the parent are also covered. The amendments also clarify that the Act applies broadly to all Crown agencies and their subsidiaries, except those that are specifically excluded by Cabinet Order in Council. |
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