Governance


SHEPP is governed by an independent Board of Trustees made up of an equal number of employer and employee representatives.

Four Trustees are appointed by Health Shared Services Saskatchewan (3sHealth), and the following four unions each appoint one Trustee:

  • Canadian Union of Public Employees (CUPE)
  • Health Sciences Association of Saskatchewan (HSAS)
  • Saskatchewan Union of Nurses (SUN)
  • SEIU-West

As the administrator, the Board of Trustees has fiduciary responsibilities to Plan members and beneficiaries. This means they must act in good faith and in the best interests of you and your beneficiaries when carrying out these responsibilities.

The Board of Trustees must also:

  • Treat you and your beneficiaries impartially, and not prefer the interest of one person over another;
  • Act with the care, skill and diligence of a prudent person;
  • Interpret the Plan terms fairly, impartially and in good faith; and
  • Prevent personal interests from conflicting with those of the Plan.

While the Board of Trustees administers the Plan and Fund, it is not responsible for Plan design changes. Changes in Plan design - like the pension benefit formula and retirement eligibility - are approved by the Partner Committees.

There are two Partner Committees: an Employer Partner Committee and a Union Partner Committee. 3sHealth appoints the members of the Employer Partner Committee and the six healthcare unions appoint the members of the Union Partner Committee:

  • Canadian Union of Public Employees (CUPE)
  • Health Sciences Association of Saskatchewan (HSAS)
  • Retail, Wholesale and Department Store Union (RWDSU)
  • Saskatchewan Government and General Employees' Union (SGEU)
  • Saskatchewan Union of Nurses (SUN)
  • SEIU-West

SHEPP's Chief Executive Officer (CEO) and administration team are responsible for the day-to-day administration of the Plan. This includes collecting contributions, calculating and paying benefits, and providing services to members and employers.

Governance Report Card

How are we doing?

This is the question the Board of Trustees asks every year as it strives to set and meet the highest standards of pension plan governance.

Annually, the Board completes the Pension Plan Governance Self-Assessment Questionnaire developed by the Canadian Association of Pension Supervisory Authorities (CAPSA). The questionnaire is designed to help plan administrators assess how successfully they follow effective governance principles.

The completed questionnaire for 2016 shows that the Plan's governance remains strong in all respects, including risk management, monitoring and compliance, and transparency and accessibility.

Legislation

The Saskatchewan Employee's Pension Plan is administered in compliance with the Plan Text, and governed by the Income Tax Act (Canada), and The Pension Benefits Act, 1992 (Saskatchewan). The registration number is 0304667.

The Pension Benefits Act, 1992

Administered by the Pensions division of the Financial Consumer Affairs Authority of Saskatchewan, the objectives of The Pension Benefits Act, 1992 are to safeguard accrued pensions from undue loss and to ensure the equitable treatment of Plan members. For more information regarding The Pension Benefits Act, 1992 visit www.fcaa.gov.sk.ca.

Income Tax Act

Administered by the Registered Plans Directorate of the Canada Revenue Agency, The Income Tax Act provides deductions in respect of both employee and employer contributions. For more information regarding The Income Tax Act visit www.cra-arc.gc.ca.

Member and Beneficiary Appeal Policy

The Member and Beneficiary Appeal Policy was established to set out the process through which the Plan will consider and respond to appeals from Members and Beneficiaries in respect of decisions made by the Administration that directly impact a Member or a Beneficiary.

A member or beneficiary requesting a review of a decision made by SHEPP Administration must submit, or have his or her personal representative submit, a written appeal addressed to the CEO within 60 days of receiving the decision.

The written appeal must include all required information and the CEO will have up to 90 days to review all required information. For more information please contact SHEPP.