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B-13 BY-LAW 20 – VICE-PRESIDENTS – By-Law 20.5 - Remuneration and Benefits

Sponsor: Carmine Paglia, AFS, NCR | Disposition: Died on the Order Paper

Whereas Receiving salary and collecting pension benefits from the Public Service Pension Plan is not permitted pursuant to the Financial Administration Act; and

Whereas Public Service Employees are subject to a high level of scrutiny by the public; and

Whereas elected officials at the Institute should not be privy to benefits that would not be available to regular members working in the federal public service;

Therefore be it resolved that By-Laws 20.5.1 and 20.5.2 be adopted as follows:

BY-LAW 20.5.1 (New) If a Vice-President of the Institute is in receipt of compensation in the form of retirement benefits, compensation paid by the Institute as salary shall be reduced by the gross amount of their pension entitlement in relation to their service as a federal public service employee pursuant to the Public Service Superannuation Act, or in any other case, the gross amount of their pension entitlement earned while a member or employee of the Institute.

BY-LAW 20.5.2 (New) For greater certainty, By-Law 20.5.1 also applies to any member of the Board of Directors who is Acting as Vice-President for any reason.

Resolutions Sub-Committee Comments - No reference has been found in the Financial Administration Act indicating that receiving a salary and collecting pension benefits from the Public Service Pension Plan is not permitted.

The Public Service Superannuation Act (PSSA) prohibits a public servant from contributing and receiving a pension pursuant to the PSSA at the same time.

Published on 4 October 2017