Divorce (before retirement)


A SHEPP pension falls within the meaning of family property. On the breakdown of a spousal relationship, a calculation of the value of the SHEPP pension may be required for the purpose of establishing the value of the family property.

Once the value of the family property is determined, a division of that property may occur. Such a division may require SHEPP administration to transfer a portion of the value of a member's SHEPP pension to the Locked-In Retirement Account (LIRA) or Registered Pension Plan (RPP) of the member's former spouse. SHEPP can only divide the pension in accordance with a formal inter-spousal agreement or court order under the applicable family property legislation.

How do I request a statement of the value of a SHEPP pension?

If you are a SHEPP member, the spouse of a SHEPP member, or the solicitor of either, you may ask SHEPP to provide you with a statement of the value of the member's pension. SHEPP will provide you with a statement confirming the pension earned by the member, during the time of the spousal relationship, and the value of the pension on the date the spousal relationship ended. If the request is made by the member's spouse or the solicitor of the member's spouse, the member will be notified that a statement has been requested and will also be provided with a copy of the statement.

Simply receiving a calculation of the value of a pension on the breakdown of a spousal relationship does not cause a member's pension to be divided, nor does it mean that the pension has been divided. A statement of the value of a pension on the breakdown of a spousal relationship is simply information to help the member and the spouse determine the value of their family property.

How does SHEPP determine the value?

SHEPP determines the value of a pension in accordance with the terms of the Saskatchewan Pension Benefits Act, 1992. In general, the value is calculated based upon the methods and assumptions prescribed by the Canadian Institute of Actuaries on the date of the spousal relationship breakdown. You may wish to engage the services of a professional actuary to perform an independent pension value calculation.

For more information refer to the Spousal Relationship Breakdown Information Sheet.