Pension Legislation

A member's pension funds are subject to provincial or federal pension legislation.

The legislation that applies to you depends on your type of employment and the province or territory in which you report to work.

Active members

If you are currently working for a CSS participating employer, here is an outline of how it works:

Some CSS Pension Plan members are working in a “banking” type of employment. That is, they work for a financial institution that is registered under the federal banking legislation (i.e., a federal credit union). While these members are working in that type of employment, the applicable pension legislation that would apply to their pension funds in the CSS Pension Plan would be federal pension legislation.
Some CSS Pension Plan members report to work in a territory of Canada. While these members are reporting to work in a territory, the applicable pension legislation that would apply to their pension funds in the CSS Pension Plan would be federal pension legislation.
Some CSS Pension Plan members live in one province (e.g., Manitoba), but report to work in another province (e.g., Alberta). While these members are working in this arrangement, the applicable pension legislation is that of the province in which they report to work (in our example, that would be Alberta).
Many CSS Pension Pan members live and report to work in the same province (e.g., Saskatchewan). While these members are working in this arrangement, the applicable pension legislation is that of the province in which they report to work (in our example, that would be Saskatchewan).

Inactive members

If you no longer work for one of CSS Pension Plan's employer members, the applicable legislation would be that which applied when you ceased working and contributing to the Plan.

Members returning to active membership

If you returned to work for an employer participating in the CSS Pension Plan, and if you still had assets in your CSS Pension Plan contribution account, then your entire CSS Pension Plan contribution account would become subject to the new pension legislation that applies as described above in the “active member” subsection. This is called the “final location” rule.