The Actuarial Report on The Civil Service Superannuation Fund as at December 31, 2010 is now available for viewing in the Publications section.

The CSSB is pleased to announce that we have upgraded our Online Services.

The upgrades include:

• a message centre to retrieve communications from the CSSB,
• a more user-friendly and interactive Pension Estimate process,
• the ability to run and save Termination Estimates along with the accompanying information letter, and
• the ability to view recent Benefits Statements.

We welcome your feedback at askus@cssb.mb.ca.

As posted on July 19, 2011, significant changes to the method of calculating transfer values will come into effect on January 1, 2012.

These changes are described in a special newsletter that is currently being distributed to Civil Service Superannuation Fund membership. It is also available online by clicking here.

For eligible pension recipients, the July 2011 pension payment will include a 1.57% Cost-of-Living increase.

Eligible pensioners and beneficiaries receive an annual increase to a maximum of 2/3 of the increase in the Canadian Consumer Price Index.

Bill 44 – The Civil Service Superannuation Amendment Act, was passed in the legislature on June 16, 2011. This Act enacted changes to the pension plan to reflect changes made to the Pension Benefits Act in 2010, as well as changes that were recommended by the Advisory and Liaison Committees, and some administrative housekeeping changes.

One of the key changes included in this Act is the delay of significant changes to the method of calculating transfer values, as required under the Pension Benefits Act, until January 1, 2012.

These changes are described in the June 2011 issue of CSSB Connection, available online by clicking here.