Attention Variable Pension Benefit Members: Important Year-end Payment Information

As 2024 comes to a close there are timelines you need to be aware of for submitting lump-sum payment requests to ensure your payment is processed within the 2024 tax reporting period.

Working Beyond Saskatchewan

Provincial jurisdiction

Your province of employment has jurisdiction over the pension legislation that applies to your account.

Pension legislation sets the rules around:

  • vesting;
  • termination options;
  • definition of a spouse;
  • pre-retirement death benefit;
  • post-retirement survivor; and
  • retirement income options.

Why is there different legislation for each province?

Unique pension regulations exist because each province was established at a different time and therefore established their own provincial pension legislation.

To learn more about provincial pension legislation, read PEPP Talk - Working Beyond Saskatchewan.