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MAY 23, 2023

Legislation passed enabling PEBA’s transition to not-for-profit corporation

On May 17, a significant milestone was reached as the Public Employees Benefits Agency (PEBA) continues to transition to a not-for-profit corporation at arm’s length from the Government of Saskatchewan. Bill 94, The Public Pension and Benefits Administration Corporation Act, was passed by the Saskatchewan Legislative Assembly and received Royal Assent.

PEBA began pursuing the transition in 2021 at the request of the trustees of the two largest pension plans it administers: the Public Employees Pension Plan (PEPP) and the Municipal Employees’ Pension Plan (MEPP). The new NPC will strengthen and streamline governance and aligns with Canadian best practice in the pension industry.

There will be no changes to the pension and benefits plans that PEBA manages. They will continue to operate in exactly the same way, and will continue to be overseen by their respective boards. For members, their contribution rates, entitlements and services are not changing in any way.

Nothing changes for PSSP members. The NPC will have a contract with the Government of Saskatchewan to provide administrative services. The Government will continue to fund member pensions.

Throughout the process, we’ve worked hard to engage pension and benefit plan members, employers, unions and other stakeholders to ensure that they understand the need for the transition and how it will affect them. This included online member town halls, which are available to view on our website.

We will continue to keep you informed of our progress.

The new NPC will begin operations on January 1, 2024 under the name Plannera Pensions and Benefits (Plannera). The name reflects PEBA’s ongoing commitment to helping members successfully plan for retirement. It was developed based on input from employees, plan members and employers. Plannera will continue to provide the same high level of service employers and members now receive.

We are proud to be the administrator of your pension plan, and strive to bring you the best service and support. If you have any questions about the transition, please view these frequently asked questions about the NPC or contact us at info@plannera.ca.