Forward Regulatory Plan: 2020 to 2022: Amending the Regulations Maintaining Certain Reciprocal Transfer Agreements
Title or working title of regulatory initiative
Amending the Regulations Maintaining Certain Reciprocal Transfer Agreements
Enabling act(s)
Description
Amendments to the Regulations Maintaining Certain Reciprocal Transfer Agreements (RTAs) are required as, given the passage of time, RTAs are no longer required. RTAs were established to transfer the pensions of employees who were divested from the federal public service in the 1980s and 1990s. Maintaining the agreements requires ongoing systems administration, reporting and monitoring by the government and the 6 remaining organizations for which the agreements were preserved.
Key objective(s)
To amend or repeal the schedule of the Regulations Maintaining Certain Reciprocal Transfer Agreements for the organizations that have consented to their agreement’s termination.
This regulatory initiative is associated with the department’s Regulatory Stock Review Plan: 2020 to 2030.
Regulatory cooperation efforts (domestic and international)
Regulatory cooperation is not required as this initiative is internal to the management of the public service pension plan, and the 6 organizations with which the federal government currently holds RTAs.
Potential impacts on Canadians, including businesses
There are no expected impacts on Canadians, including businesses, as this issue is internal to the management of the public service pension plan.
Consultations
Five of the 11 RTAs listed in the regulations have been terminated.
The 6 organizations with which the federal government continues to hold an RTA are currently being consulted. Their consent is necessary in order to terminate the agreements.
Public consultations are not applicable as this issue is internal to the management of the public service pension plan.
Links to additional information
Departmental contact information
Natasha Rende
Director, Pensions and Benefits Sector
Office of the Chief Human Resources Officer
613-907-7852
Natasha.Rende@tbs-sct.gc.ca
This regulatory initiative was first included in the Forward Regulatory Plan : 2015-2017
For more information
Consult the Treasury Board of Canada Secretariat’s acts and regulations web page for:
- a list of acts and regulations administered by the Treasury Board of Canada Secretariat
- further information on the Treasury Board of Canada Secretariat’s implementation of government-wide regulatory management initiatives
Consult the following for links to the Cabinet Directive on Regulation and supporting policies and guidance, and for information on government-wide regulatory initiatives implemented by departments and agencies across the Government of Canada:
To learn about upcoming or ongoing consultations on proposed federal regulations, visit:
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