Surrey RCMP officers will be able to transfer their pensions if they join the new municipal police force
Mornings with Simi
English - September 04, 2019 19:38 - 8 minutes - ★★★★★ - 1 ratingBusiness News News Society & Culture Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
It was a lingering question for months: if Surrey moved to a civic police force, would RCMP members pension be impacted.
We now have the answer.
The City of Surrey says an agreement has been formalized that will allow RCMP officers to fully transfer their pension over to a civic police force.
The pension portability agreement was reached between the municipal pension plan and the RCMP pension plan.
The city says RCMP officers who join the Surrey Police Department can take their pensionable service with them and roll it into the civic pension plan.
The pension issue was a key concern among many RCMP officers, especially those with long time service. The agreement has been months in the making. Global News has reached out to the Mayor for comment.
Guest: Janet Brown
Global News Senior Reporter
It was a lingering question for months: if Surrey moved to a civic police force, would RCMP members pension be impacted.
We now have the answer.
The City of Surrey says an agreement has been formalized that will allow RCMP officers to fully transfer their pension over to a civic police force.
The pension portability agreement was reached between the municipal pension plan and the RCMP pension plan.
The city says RCMP officers who join the Surrey Police Department can take their pensionable service with them and roll it into the civic pension plan.
The pension issue was a key concern among many RCMP officers, especially those with long time service. The agreement has been months in the making. Global News has reached out to the Mayor for comment.
Guest: Janet Brown
Global News Senior Reporter