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| PROCEDURE:
Reinstatement of Refund, Purchasing or Obtaining Credit
for Other Service as Teaching Service |
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Teachers
wishing to reinstate a refund or purchase or obtain credit
for other service as teaching service should request,
in writing from the Saskatchewan Teachers' Superannuation
Commission, an estimate of the amount required to purchase
such service. Should the teacher decide to proceed: |
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(a)
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a
cheque or money order for the required amount made payable
to the Saskatchewan Teachers Superannuation Fund should
be sent to the Saskatchewan Teachers' Superannuation Commission,
or |
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(b)
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Form
T2033E available from the Saskatchewan Teachers' Superannuation
Commission may be used to transfer funds from your RRSP. |
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When
an estimate is being requested, the anticipated date of
payment and the following documentation should accompany
the request: |
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(a)
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Maternity,
Paternity, Adoption or Parenting Adsence |
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a
letter from the employer stating that the leave was granted
and the first and last dates of the leave, or |
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a
signed affidavit available from the Saskatchewan Teachers'
Superannuation Commission and a copy of the birth certificate
of the child cared for at that time. |
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(b)
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Deferred
Salary Leave |
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A
written agreement must be made between the teacher and
the board, The Commission will require a copy of the agreement
to be held on the teacher's file. |
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A
teacher may defer a maximum of 33.33% of their gross salary
in one year. |
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The
leave of absence must not be less than six consecutive
months (teachers may count July and August) unless it
is for full-time attendance at a designated educational
institution, in which case the leave of absence must not
be less than three consecutive months. |
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The
leave of absence must begin no later than six years after
the date on which the salary deferral begins. |
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The
teacher must return to work after the leave for a period
that is not less than the length of the leave. |
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The
teacher is afforded an option to either have or
not have superannuation contributions deducted from the
remuneration paid to him/her by the school board during
the leave. |
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The
teacher may choose to purchase the period of the leave
in a lump sum, plus interest, from the Commission at a
later date. If so, the purchase would be subject to CRA
approval, based on available RRSP room. If the teacher
has made contributions to another Registered Pension Plan,
that purchase is permitted only if that Pension Plan transfers
the funds under a portability agreement. |
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Other
purchase restrictions apply to pre-1992 service. |
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(c)
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Sabbatical
Leave |
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a
letter from the employer verifying that sabbatical leave,
at 50% or more of salary, was granted, specifying the
first and last dates of the leave and stating that no
contributions to the Saskatchewan Teachers Superannuation
Plan were made during this time. |
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NOTE:
Teachers may contribute to the Saskatchewan Teachers Superannuation
Plan by regular payroll deduction throughout the board
funded leave provided they are receiving at least 50%
of their previous year's salary. |
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(d)
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Attendance
at University |
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an
official statement from the Registrar's Office of the
university confirming first and last days of attendance
at the university and the number of classes attended during
each semester. |
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(e)
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Outside
Service and Private School Service |
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documentation
from the places taught verifying the type of school, grades
taught, location of school, length of teaching service,
employment type (full-time/part-time) and certificate
held. Where official statements from school authorities
are not available, affidavits may be used to establish
the necessary evidence. |
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