15. Is there any way to determine, in advance of the date of transfer, whether there will be a surplus or deficiency of funds available from the Federal PSSA to have my entire accrued Federal PSSA pensionable service recognized under the Yukon Health Authority Pension Plan?
Unfortunately, the costing of pension transfers is based on sophisticated actuarial calculations, and the results will vary according to individual circumstances, including a transferring employee’s age, years of pensionable service, and the difference in annual salary of the position held with Health Canada and the position offered by the Yukon Health Authority. As discussed previously, the actual costing for individual transferring employees will only be available after commencing employment with the Yukon Health Authority and submitting a request for a pension transfer estimate.
Please note that, for the information of impacted employees before the date of transfer, the Public Service Alliance of Canada (PSAC) will be suggesting to the Government of Yukon the preparation pension transfer "proxies" which would illustrate some "representative examples" of the costings associated with the transfer of federal pensionable service to the Yukon Health Authority Pension Plan. The foregoing exercise was used during the Canada - Ontario Labour Market Development Agreement (LMDA) process in 2006 and was found by transferring employees to be beneficial