SUN Members’ Pension Plans
One of your most valuable assets when you retire will be your pension plan. Knowledge regarding the terms of your pension plan can provide critical information to facilitate your financial health during retirement. SUN members, depending upon where they work, and how long they have worked may be enrolled in one or more pension plans. The earlier you join a plan, the better your pension will be. SUN members will typically be members of one of these two types of registered pension plans: Defined Benefit and Defined Contribution. One of the first steps to understanding your plan is to know what type of plan you are enrolled. See page 13 for a brief description of both types of plan. The following is some basic information about four of the pension plans that the majority of SUN members are enrolled in. If you do not know which pension plan you are enrolled in, or need additional information contact your payroll department in your health region.
Types of pension plans for SUN Members:
- Saskatchewan Health Employees Pension Plan (SHEPP)
- Regina Civic Pension Plan (RCPP)
- Canadian Pension Plan (CPP)
- Old Age Security (OAS) Program