Board of Trustees

Message from the Chair

On behalf of the Board of Trustees of the Saskatchewan Healthcare Employees' Pension Plan (SHEPP), I would like to welcome you to our website.

Over the course of SHEPP's 55-year history, the Plan has grown to become a leader in the pension industry. It remains the largest defined benefit pension plan in Saskatchewan. Nearly one in every 16 people employed in the province is a member of the Plan, each earning a pension that will provide them with predictable income throughout their retirement.

This year marks a new chapter for SHEPP as we focus our attention on accomplishing the goals laid out in the 2017-2021 Strategic Plan, which charts a course for the Plan as we continue to navigate the challenges that come with increased retirement longevity and a prolonged period of low interest rates. While these external pressures make it increasingly more difficult to provide members with adequate benefits at a reasonable cost, we're confident that we will continue to meet our primary objective?securing members' benefits-through innovative strategies, a stronger relationship with our Partner Committees and a continued push for excellence from our administrative team.

Our latest valuation shows that we've made progress in our funding challenge. Strong investment performance in recent years enabled us to decrease the overall going-concern unfunded pension liability. As at December 31, 2015, SHEPP's funded ratio was 91%, an improvement from 88% in 2013. This means current contribution rates will remain the same for the foreseeable future.

At SHEPP's core is a commitment to serve the best interests of our members. And as we move into this new planning cycle, that commitment has never been stronger. We are proud of the fact that we've been delivering on our pension promise for over 50 years and we will continue to maintain the integrity, accountability and transparency in fulfilling this promise that has helped us become a leader in the pension industry.


Andrew Huculak

SHEPP's Board of Trustees

Chair: Andrew Huculak
Employer Trustee - Retired
Canadian Union of Public Employees (CUPE)

Vice-Chair: Jeff Stepan
Employer Trustee

Russell Doell
Employee Trustee

Natalie Horejda
Employee Trustee
Health Sciences Association of Saskatchewan (HSAS)

Mike Northcott
Employer Trustee
Saskatoon Health Region

Marg Romanow
Employee Trustee
Saskatchewan Union of Nurses (SUN)

Dr. Jim Tomkins
Employer Trustee - Retired
University of Regina

Ted Warawa
Employer Trustee

Board Notes

Following each meeting of the Board of Trustees, SHEPP publishes Board Notes. These summaries highlight the activities and decisions from Board meetings, providing transparency and accountability to SHEPP members and employers.

Code of Conduct

Recognising effective governance structure and its fiduciary responsibilities, the Board of Trustees has established a Code of Conduct and Conflict of Interest Procedures guide. The Code of Conduct and Conflict of Interest Procedures is reviewed annually by the Board of Trustees. Each Trustee must sign a declaration upon appointment to the Board of Trustees and confirm compliance on an annual basis for the duration of their term.