SaskTel Pension Plan
As of December 31, 2013, the SaskTel Pension Plan has provided services to 2,099 members (2,042 retired members and 57 employee members) and held $982M in net assets. In 2013, the plan paid out $68M in pension benefits.
Established in 1928, the Saskatchewan Telecommunications Pension Plan is a contributory-defined benefit pension plan. It has been closed to new members since 1977.
Effective January 1, 1999, the Plan is governed by the Pension Benefits Act, 1992 (the Act). Prior to January 1, 1999, the Plan was governed by the Saskatchewan Telecommunication Superannuation Act and the Superannuation (Supplementary Provisions) Act. The Plan is registered under The Income Tax Act and The Pensions Benefits Act, 1992. It's administered by a 5-person Board appointed by the Corporation and Union.
The Board is committed to pursuing sound governance practices in discharging its responsibilities as administrator of the Pension Plan. The Board strives to ensure the Pension Plan is always administered in an effective manner that's consistent with the fiduciary duties owed to plan members and other stakeholders.
Annual Report and Newsletter
2013 Annual Report
2012 Annual Report
2011 Annual Report
2010 Annual Report
2009 Annual Report
2009 Spring Newsletter
2008 Annual Report
2008 Spring Newsletter
2007 Annual Report
SaskTel Pension Plan Board Members
2121 Saskatchewan Drive
SaskTel Pension Plan administrators will answer questions from plan members only.
Annual pension plan increase
The 2013 annual pension increase is 0.94%