News

Angela Banda Named New Executive Director of the Saskatchewan Teachers’ Federation

News Release
The Saskatchewan Teachers’ Federation has chosen Angela Banda as its new Executive Director.

Review Your 2024 STRP Annual Statement

Pension & Benefits
Your annual statement should be arriving in the mail soon. Check out this article for some helpful tips about what to watch for.

Binding Arbitration Hearing Concluded for Teachers and Government

News Release
The binding arbitration hearing between the Teachers’ Bargaining Committee and Government-Trustee Bargaining Committee concluded just after 6 pm today. The Arbitration Board will weigh the information presented and determine the award. The award is legally binding and will form part of the new Provincial Collective Bargaining Agreement, along with items previously agreed to. The Saskatchewan Teachers’ Federation now awaits the Board’s decision and will provide comment at that time.
News Release

2024 CPP Enhancement: What You Need to Know

Pension & Benefits
Effective January 1, 2024, the Canada Revenue Agency introduced phase two of its Canada Pension Plan (CPP) enhancements, aimed at providing Canadians with more pension income in retirement. The CPP provides basic income replacement for its contributors and their families when the contributor retires, dies or becomes disabled. It’s financed by contributions from employees, employers and self-employed individuals.

Do You Require Life Insurance? Portaplan Limit Increased to $600K

Pension & Benefits
Portaplan, the Teachers’ Optional Life Insurance plan, is increasing the maximum coverage available from $400,000 to $600,000 per person (subject to evidence of good health and Manulife approval). This increase offers policyholders more flexibility to cover debts and provide financial benefit to loved ones in the event of death.

Unreduced vs. Reduced Pensions

Pension & Benefits
Deciding when to retire is a very personal choice. Factors may include your age, how long you have been teaching, your health and your financial situation. Your STRP pension gives you options that can help you decide what’s best for your individual circumstances.

The Beneficiary Rules in STRP Have Changed

Pension & Benefits
Effective July 1, 2024, dependent children no longer have first entitlement (after a spouse) to your STRP death benefits.  This change was made to align STRP’s rules with the rules provided under Saskatchewan pension legislation.

Don’t forget to review your Annual Statement on MySTF

Pension & Benefits
Your STRP Annual Statement summarizes:
  • the pension benefits you’ve earned in the STRP up to June 30, 2024;
  • the personal information we have on file for you; and
  • the beneficiaries you’ve named to receive any death benefits payable from the STRP should you pass away.

Active and Retired Members to Receive Another Year of Pension Increases

Pension & Benefits
The Saskatchewan Teachers’ Federation Executive recently approved another year of conditional increases to both active and retired members’ pensions.

GreenShield+ App Improves Access to Coverage

Pension & Benefits
GreenShield+ integrates your Saskatchewan Teachers’ Federation insurance benefits with health services. It combines health insurance, pharmacy benefits management and benefits administration, along with data-driven personalized insights and recommendations.