What's New at SHEPP?

We are currently seeking an individual to fill the following permanent, full-time role:
We provide our employees a valuable work experience, a competitive compensation package and the opportunity to integrate work and life in a healthy and effective way.

Learn more about a Career at SHEPP.

June 14, 2021

Our Member Survey is now closed. Thank you to all SHEPP members who participated.

We know you're busy keeping our communities safe, and we appreciate you taking the time out of your day to share your thoughts with us. Your response exceeded our expectations.

We look forward to sharing a summary of the results with you later this year. Stay tuned for updates!

June 7, 2021

If you are a SHEPP member with a deferred pension, your 2020 Annual Pension Statement has been mailed along with your Spring 2021 Newsletter.

You can also view your statement online by signing into SHEPPweb. If you have any questions about your statement, please contact our office by phone or email.

May 21, 2021

We are committed to keeping you updated on changes to the Plan, so you have the knowledge to make timely and informed decisions about retirement. Please see the Notice of Plan Amendments included with your Annual Pension Statement for important information about upcoming changes.

For more details, please see the Plan Amendments Information Sheet.

If you are a SHEPP member with a deferred pension, please see the Plan Amendments Information Sheet for Deferred Members.

May 4, 2021

Your Annual Pension Statement has been mailed. Be sure to review your statement carefully as it contains important information including your designated beneficiaries, pension estimates and a summary of the benefit entitlements you've earned up to December 31, 2020. For more information, see our online guide to understanding your Annual Pension Statement. Active members can also view their statement by logging into SHEPPweb.

May 3, 2021

This issue includes information about SHEPP's first-ever member survey, a look at some of the valuable features of your defined benefit pension, and important reminders for you to keep in mind when reviewing your Annual Pension Statement. Read more in our Spring 2021 Active Member Newsletter.

May 3, 2021

It's been a challenging year with the continued uncertainty of the pandemic and here at SHEPP, we're so grateful for our healthcare heroes, as you work hard to provide exceptional healthcare services throughout the province. Even though our office is still closed to the public, we're always available to connect with you through phone or email. Although we're physically apart, we stand in solidarity with you and commit to doing our part to stay safe and healthy, while ensuring your pension is in good hands. Read the entire Message from the CEO.

April 28, 2021

Effective immediately, the transfer deficiency holdback applied to certain termination benefits will be 29% based on our most recently filed valuation at December 31, 2019.

In April 2020, the Financial and Consumer Affairs Authority (FCAA) implemented a temporary freeze on transfer payments from defined benefit pension plans. SHEPP was granted approval to issue payments out of the Plan during the freeze period which required an adjusted transfer deficiency holdback, using a temporary rate of 36%. The FCAA has lifted the freeze so effective immediately we will apply a transfer deficiency holdback of 29%.

March 29, 2021

Are you approaching retirement? View our Retirement Ahead video presentation, covering topics such as retirement eligibility and estimating your pension under various retirement scenarios. Sign in to SHEPPweb to watch it today.

February 10, 2021

This issue includes a list of ways you can stay connected during COVID-19, an update on the Plan's funded status and the 2021 pension payment schedule. Read more in our January 2021 Pensioner Newsletter.

January 25, 2021

T4As were recently mailed to SHEPP pensioners and to those who terminated SHEPP membership and received a taxable lump sum payout. Your T4A includes important pension income and tax information that you will need to complete your 2020 income tax return. Pensioners can access a copy of their T4A by signing in to SHEPPweb. Learn more about T4As and income tax.

For non-residents, the 2020 NR4s are expected to be mailed out in late February.

January 22, 2021

The Plan's funded status has improved for the fifth consecutive time based on the latest going-concern valuation as at December 31, 2019, with the unfunded liability reduced by $35 million. To learn more, read the 2019 Valuation Summary.

November 27, 2020

The Path to
Financial Wellness
Where are you?