Public Employees Pension Plan. This plan provides the employee with some financial security in his/her retirement years. Each employee must contribute of five percent (5%) of his/her annual income to the pension plan and this amount is equally matched by the Saskatchewan Centre of the Arts. Member guides are available at PEPP on-line. Group Insurance Plan This plan provides the employee with life insurance at minimal cost. The cost for the insurance is subsidized by the Centre where the Centre pays for the first $14,000 coverage of each eligible employee. (R.W.D.S.U. Agreement provides for basic life insurance paid by the Centre.) Optional insurance is available at an additional cost to the employee.
Public Employees Pension Plan. The Public Employees Pension Plan shall be available to eligible employees. Employees currently under pension plans other than the Public Employees Pension Plan shall continue their membership in those plans. a) b)
Public Employees Pension Plan. The Public Employees Pension Plan shall be available to eligible employees. Employees currently under pension plans other than the Public Employees Pension Plan shall continue their membership in those plans. Employer and employee contributions will be seven point six percent (7.6%) for employees enrolled in the PEPP. Effective on the date of signing the collective agreement, Employer contributions will be eight point seven six percent (8.76%) for employees enrolled in the PEPP.
Public Employees Pension Plan
