Government of Canada/Public Works — February 13, 2013

Harper Government Announces Completion of Public Service Pension Transformation

SHEDIAC, NEW BRUNSWICK--(Marketwire - Feb. 13, 2013) - The Honourable Rona Ambrose, Minister of Public Works and Government Services and Minister for Status of Women, today announced the completion of the Pension Transformation Initiative, which has replaced a 40-year-old public service pension system and processes and centralized all related services at the Public Service Pension Centre located in Shediac, New Brunswick.

"The completion of the Pension Transformation Initiative, on budget, not only ensures the sustainability and increased efficiency of pension administration and services for the Government of Canada, it also generates savings for Canadian taxpayers," said Minister Ambrose. "Our Government is focused on delivering results to increase efficiency and reduce cost."

The five-year initiative consisted of replacing outdated public service pension systems and centralizing Government of Canada pension administration services from 130 departments and Crown corporations. The success of the transformation is the result of collaboration across the government and involved almost 300 technical, business and vendor resources located throughout the country.

The project introduced new and modernized pension system and tools, allowing employees and pensioners to manage their pension information online. It contributes to greater efficiency and effectiveness while improving the quality of service provided to public service employees and pensioners.

The transformation of pension administration is expected to generate stable annual cost reductions across the government amounting to $29 million starting in 2016-17.

Public service pension transformation is part of the Harper Government's ongoing commitment to increasing the effectiveness of public service operations and eliminating unnecessary costs.

Ce texte est également disponible en français.

PWGSC news releases are also available on our Internet site at http://www.tpsgc-pwgsc.gc.ca/medias-media/index-eng.html.

Follow us on Twitter at http://twitter.com/PWGSC_TPSGC.

Contact Information

Amber Irwin
Office of the Honourable Rona Ambrose
819-997-5421

Media Relations
Public Works and Government Services Canada
819-956-2315

Print

Latest Industry Press Releases

Updated 17:48 EDT, April 19, 2014  

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 371 projects with a total value of $1,936,826,394 that Reed Construction Data Building Reports reported on Thursday.

GOVERNMENT OFFICE TOWER

$134,000,000 Toronto ON Prebid

CONDOMINIUM APARTMENT BLDGS, TOWNHOUSES, RETAIL

$128,250,000 North York ON Prebid

CONDOMINIUM APARTMENT BLDG, OFFICES, RETAIL

$100,000,000 Toronto ON Prebid

Daily Top 10