About

The Regina Civic Pension Plan involves 21 employee groups and five major employers: the City of Regina, the Regina Public Library, the Regina Public School Board, the Regina Qu’Appelle Health Region and the Buffalo Pound Water Treatment Plan.

Like many pension plans, the Regina Civic Pension Plan is facing a funding shortfall, primarily due to the financial crisis in 2008. The actuary is recommending contribution rate increases to secure the plan’s future. Employee groups in the Regina Civic Pension Plan voted 80 per cent in support of the contribution rate increase last December. They expect City Council to do the same.

 But Council’s Executive Committee wants City Council to ignore its legal obligations and deny the rate increase when it meets in May.  At the Executive Committee meeting on April 6,  Mayor Pat Fiacco said, “The business and financial risks outweigh the legal obligation.”