For the most part, retroactive earnings are included in your pensionable earnings. The earnings will be considered in your pension calculation if those years are among your ‘best five’ years for pensionable earnings. No action is required on your part as it relates to your pension or insurance when you receive a retroactive salary increase. For pensioners, the CSSB won’t have information on how your pension may change until several months after the retroactive earnings are paid. For employees, the CSSB won’t have information on how your pension may change until late next year. For more information, read the fact sheet here: https://cssb.mb.ca/wp-content/uploads/2022/09/Fact-sheet-Retroactive-salary-increases-final.pdf or by browsing the Publications section of our site.
We are pleased to announce that the Superannuation and Insurance Liaison Committee (SILC) has appointed the following employee representatives to the Civil Service Superannuation Board: Samantha Probetts was appointed for a three-year term from September 1, 2022 to December 31, 2025. Reed Winstone was appointed for a two-year term from January 1, 2023 to December 31, 2024. Doug Troke and Jody Gillis were appointed for a one-year term from January 1, 2023 to December 31, 2023. The Civil Superannuation Act requires that the Civil Service Superannuation Fund be administered by a board consisting of nine members. Four members serve as representatives of employees and retired members and are appointed by the Superannuation and Insurance Liaison Committee (SILC).
The Board approved a 1.98% COLA based on the 2021 change in the Consumer Price Index (CPI) of 4.80%. The COLA will be included in the July 2022 pension payments to eligible pension recipients. This increase also applies to eligible members with a deferred account.
The 2018 Public Service Group Insurance Fund valuation revealed a surplus. The Superannuation and Insurance Liaison Committee, which represents employees and pensioners, and the Employer Pension and Insurance Advisory Committee, which represents employers, negotiated an agreement on how that surplus will be used. For more information, please go to the Publications section of our website under Fact Sheets.
Pensioners, would you like to get fewer emails from us? If you currently receive monthly notifications that your online pension statement is available for viewing, you can now elect to receive statements only in months where there has been a change to your net payment. You can make this change by logging in to your Online Services account, then selecting the Document Preferences tab under “Edit my Profile”.
Although our in-person seminars have also been cancelled for the time being, we are offering live Pre-Retirement Webinars starting in February 2022. An online seminar is a live presentation made available using Zoom video conferencing software. Members who register for an online seminar will be able to view the PowerPoint presentation from their own computer, hear the presenter’s explanations, and have an opportunity to ask questions which could be answered live, providing there is adequate time to do so.
You can register by logging in to your CSSB Online Services account www.cssb.mypension.ca then go to Register for Group Seminars to choose a date and time that is convenient for you.
Employees who are registered for Online Services now have access to a Special Service Buy Back Estimator. Enter your annual salary and the number of years you’re interested in purchasing, and the estimator will tell you the current cost and the approximate increase to your pension. View the results on screen or print a copy for future reference.
Effective January 2022, pensioners will no longer be able to donate to the All Charities Campaign. The Province has advised that, “the technology and infrastructure that supported All Charities is no longer reliable. This means that the All Charities campaign can not continue as it always has.”
No action is required to cancel donations after December 2021.
Pensioners who wish to continue to donate to their favourite charities should contact those organizations directly to make arrangements. Donations to other organizations through deduction from your pension will not be possible.