March 14, 2023
Town Halls - Update
Online town halls were held on February 28 and March 1, 2023, to provide members with information and updates on PEBA’s progress toward a new operating structure as a not-for-profit corporation at arm’s length from the Government of Saskatchewan.
The sessions were led by Public Employees Pension Plan (PEPP) Board Chair Roger Brandvold and Tricia Brown, PEBA’s Director of Policy and Governance.
You are invited to watch a recording of the town hall.
You are also invited to review answers to the most frequently asked questions.
February 2, 2023
Online Town Halls
Online town halls were scheduled to provide members with information and updates on PEBA’s progress toward a new operating structure as a not-for-profit corporation at arm's length from the Government of Saskatchewan. The plans that PEBA administers, including PEPP, will not change, and members can expect the same great service and support they're accustomed to.
The Chair of the Public Employees Pension Board, Roger Brandvold, and Tricia Brown, Director of Policy and Governance for PEBA, walked attendees through the changes and what they will mean for the organization going forward. There was also be an opportunity for attendees to ask questions.
The town halls were recorded and a video of the recording will be posted here soon. Check back for that and for future town hall announcements.
May 20, 2022
The Public Employees Benefits Agency (PEBA) is pursuing a new operating structure as a not-for-profit corporation separate from the Government of Saskatchewan.
Why is this change being made?
“PEBA is one of the last provincial government agencies in Canada that administers pensions on behalf of pension plan boards,” PEBA Assistant Deputy Minister, Jeremy Phillips said. “The boards of the largest pension plans PEBA administers requested the Government facilitate this change, so it has been initiated.”
This effort was conceived and spearheaded by the Public Employees Pension Board (PEPB, the Board), with 67,000 members and approximately $12 billion in assets and the Municipal Employees’ Pension Commission (MEPC, the Commission), with 26,000 members and $3 billion in assets. They will jointly own the new not-for-profit corporation, which will continue to be based in Regina.
“The Canadian pension plan landscape continues to evolve,” PEPB chair Louis Martel said. “Our Board is excited about moving toward Canadian best practice.”
Will I be impacted by this change?
There will be no changes to the pension and benefits plans that PEBA manages. Members and participating employers will not be impacted in any way. Similarly, there will be no changes that affect PEBA employees during this transition. Salaries, benefits, and union affiliations will not be impacted.
When will this change happen?
PEBA has been and continues to work with the Government of Saskatchewan and expert consultants on the design and transition to the new governance and operating structures.
In 2022, a legislative process will begin to allow PEBA to operate as a not-for-profit corporation, separate from the Government of Saskatchewan. It is anticipated this transition will be complete by 2024.
What if I have questions?
Please review the Steady. Trusted. Future Ready. - MNP Report. If you have questions about this change after reviewing the report, please contact a Pension Information Officer at 306-787-5442 or toll-free at 1-877-275-7377.