Regulatory Initiative: Amendment to the Supplementary Death Benefit Regulations– Forward Regulatory Plan 2015-2017
Title or working title of the regulatory initiative
Amendment to the Supplementary Death Benefit Regulations (NEW)
Description of the objective
Issue
Employees of Atomic Energy of Canada Limited currently receive death benefit coverage under the commercial death benefit policy owned by Canadian Nuclear Laboratories Ltd. This arrangement cannot continue after the shares of Canadian Nuclear Laboratories Ltd. are transferred to a private-sector operator. The Supplementary Death Benefit plan provided under Part II of the Public Service Superannuation Act has been identified as the best solution to provide Atomic Energy of Canada Limited employees with similar death benefit coverage on an ongoing basis.
Description of the Regulation
All pension plan members participate in the Supplementary Death Benefit plan by default. Atomic Energy of Canada Limited is exempt from this general rule as it is listed in Schedule III of Supplementary Death Benefit Regulations. This amendment seeks to lift the current exemption by removing Atomic Energy of Canada Limited from Schedule III.
Enabling Act
Public Service Superannuation Act
Indication of business impacts
These regulations do not apply to businesses.
Public consultation opportunities
This amendment will only apply to existing and future employees of Atomic Energy of Canada Limited.
Consultations have occurred throughout the restructuring process with affected stakeholders.
In particular, AECL management has engaged its employees throughout the restructuring process to inform them on how the process will affect them.
Departmental contact
Pension Policy and Stakeholder Relations
613-952-3121,
Kim.Gowing@tbs-sct.gc.ca
For more information
- Government-Wide Forward Regulatory Plans
- Government-Wide Administrative Burden Baseline Counts
- The Cabinet Directive on Regulatory Management
- The Red Tape Reduction Action Plan
- The Canada–United States Regulatory Cooperation Council
To learn about upcoming or ongoing consultations on proposed federal regulations, visit the Canada Gazette and Consulting with Canadians websites.
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