Surrey says deal reached for Mounties to transfer pensions
Credit to Author: Tiffany Crawford| Date: Wed, 04 Sep 2019 19:30:25 +0000
The City of Surrey says a deal has been reached that will allow Mounties to transfer their pensions if they choose to join the new municipal police force.
In a news release Wednesday, the city says the pension portability agreement was reached between the Municipal Pension Plan and the RCMP Pension Plan so that RCMP members can incorporate their contributions and earnings into the city plan. Details of the agreement were not disclosed.
Two weeks ago, the provincial government gave the city the green light to set up a municipal police force, a plan that was a major part of Mayor Doug McCallum’s campaign platform in 2018.
“Not only is this agreement a major milestone in the creation of our own city police department, but it more importantly answers a significant and legitimate concern expressed by RCMP members and their families about pension portability,” McCallum said in a statement Wednesday.
He added that he hopes now that the question of pension transferability has been settled that members of the Surrey RCMP will transfer to the city department.
Surrey hopes to have a new municipal department running by April 1, 2021.
It’s not clear how many members of the RCMP plan to transfer to the municipal force.
— With a file from Jennifer Saltman
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