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What's New at SHEPP?



With the continuing decline in cases and increase in vaccines administered across the province, we are so grateful to our healthcare heroes on the frontlines. Here at SHEPP, you can be sure that we are working for you and remain committed to providing you a secure, predictable lifetime pension.

While we have safely welcomed our team back to the office, our office remains closed to the public for the time being. Please continue to reach out to our member services team through phone or email. We look forward to new opportunities to connect with our members and as such, we are excited to launch live webinars coming this fall. Read the entire Message from the CEO.

July 5, 2021


Active and deferred SHEPP members received a Notice of Plan Amendments included with their 2020 Annual Pension Statement, containing important information about changes to the Plan that go into effect July 1, 2021 and January 1, 2022.

Please see the Plan Amendments Information Sheet for more details regarding the changes to rules for SHEPP membership eligibility, combining SHEPP membership periods, and eligibility for the option to elect a commuted value transfer of your pension.


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

June 29, 2021


SHEPP recently published its 2020 Annual Report which highlights a 10.5% rate of return in 2020, bringing the total value of the Fund to $8.9 billion at year-end.

For more highlights, read the 2020 Annual Report.

June 17, 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


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

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