Pay Equity Generated Superannuation Adjustments
As indicated in the Spring 2001 issue of ON GUARD, FSNA continues to monitor the progress being made in implementing the various pay and pension increases generated by the pay equity settlement reached some time ago between the Public Service Alliance of Canada and Treasury Board. We have learned that the Public Service Pension Office now has the information it requires to begin processing ‘pay-equity’ increases to affected pensions. At present, it is anticipated that these increases, and the issuing of ‘back-payment’ cheques, will be complete by the end of this year. It is pointed, out, however, that there is no provision for the payment of interest on these ‘back-payments’.
