THE City of Surrey announced on Wednesday that an agreement has been formalized that will allow RCMP officers to fully transfer their pension, should they choose to serve with the Surrey Police Department.
The pension portability agreement was reached between the Municipal Pension Plan and the RCMP Pension Plan. RCMP members who join the Surrey Police Department can take their contributory and pensionable service with them and incorporate it into the Municipal Pension Plan.
“Not only is this agreement a major milestone in the creation of our own city police department, but it more importantly answers a significant and legitimate concern expressed by RCMP members and their families about pension portability,” said Surrey Mayor Doug McCallum. “I would like to thank the BC Pension Corporation and the RCMP for their leadership and quick work on resolving this issue. Now that the question of pension portability has been put to rest, I sincerely hope that the members of the RCMP who wish to continue to serve in Surrey will take the opportunity to be part of our new city police department.”